By Loretta Worters, Vice President, Media Relations, Triple-I
When Karen Griswold graduated with a B.S. in advertising from Penn State College, her first foray into the enterprise world was to grow to be an government retail purchaser in a big division retailer. It didn’t take lengthy earlier than she realized it wasn’t a path for her.
She took an informational interview with somebody she knew on the Marine Workplace of America Corp. who urged she take into account collaborating of their marine insurance coverage coaching program.
“I didn’t have a maritime background, my household didn’t even personal a ship, what did I learn about marine insurance coverage?” Griswold stated.
“I began as an underwriting trainee assigned to the marine unit,” she defined. “I did 18 months rotating in inland marine, cargo, hull and marine legal responsibility after which generalized insurance coverage coaching by way of their skilled coaching program and was assigned to a cargo unit in New York as an ocean cargo underwriter.”
It was a captivating journey, in response to Griswold.
“As a part of the coaching I realized about mechanical provides, prescription drugs, equipment, and livestock. There was no field you may put your self in, it was altering on a regular basis.”
Cargo itself was completely different, Griswold discovered she needed to have a geopolitical sense.
“Sooner or later China, one other day Brazil, and I had to take a look at how cargo was shipped weighing variables, reminiscent of the worth of freight, the value of the boat, whether or not it’s going to function inland or on the ocean, and the legal guidelines and rules of nations the place the vessel would possibly journey,” she stated. “It was fascinating.”
Her profession spanned all the things from cargo to hull and legal responsibility to tugboat and marine services. She realized about completely different courses of marine enterprise, too.
Thirty years later, Griswold is an government vp in Chubb’s Ocean Marine Division, and he or she nonetheless finds she learns one thing new day-after-day.
“It’s an enormous insurance coverage world, that’s what I discover so thrilling and fascinating, whether or not it’s the political impacts of delivery, to world commerce legal guidelines, completely different points in distinct ports, it’s continuously altering and evolving,” she stated.
In her present position, Griswold abroad all of it: ocean marine, hull, cargo, liabilities, and marinas enterprise. Relying on the day, one may be extra fascinating than the opposite.
“That’s one of many issues that challenges me probably the most in my place. “I choose up the paper and discover out what’s occurring on this planet, the political complexities, and the way that impacts the best way we transact enterprise.”
Training is essential to Griswold, which is why she has been concerned with the American Institute of Marine Underwriters (AIMU) for the reason that starting of her profession. She began attending their academic applications as a trainee. Over time, she has sat on the hull and finance committees and at the moment serves as AIMU’s Director of Funds.
“AIMU’s President John Miklus has been an amazing champion of girls, and for the business normally,” she stated.
Griswold is also concerned with the Worldwide Union of Marine Insurance coverage (IUMI) and sits on their coverage discussion board committee that screens all the worldwide marine points impacting the business.
“I imagine it’s a nice privilege to be a lady within the maritime business; there aren’t lots of us,” she defined. “There’s a pure camaraderie between us. For some time, I used to be the one lady at varied occasions, completely different organizations, and committees. That has modified all through my profession. It’s an unbelievable area for individuals. The gender variety has elevated over the past couple of years and has been encouraging to see.”
Griswold, who celebrated her twenty-fifth anniversary with Chubb, attributes her success to the mentors and sponsors all through her profession – each women and men.
“We have to elevate ladies, not solely within the marine business however in enterprise total,” she stated. “Simply being a feminine in a closely male-dominated group is a problem. I’ve been fortunate; I’ve been handled pretty, and my expertise has largely been constructive. Although it has been difficult as a mom, elevating kids in a male-driven business, discovering that stability. However I’ve had an incredible quantity of assist.”
Griswold, who spends a good period of time sponsoring ladies inside and out of doors the business, famous that extra variety is required.
“Being a champion is necessary, to showcase a few of that expertise,” she stated. “When ladies see others like them, it’s extra empowering to have that bond, that capability to see individuals like themselves and develop and develop and take into account secure areas. It’s necessary to showcase these ladies and their expertise.”
Whereas Griswold didn’t take pleasure in sponsorship amongst senior ladies, she did have nice male sponsors alongside the best way.
“These males helped me discover my voice and my path ahead,” she stated. “We should assist different ladies to search out their voices. We should assist one another, empower ourselves, and never create a aggressive surroundings.”
Griswold pointed to the worth of Chubb’s enterprise roundtables, that are worker useful resource teams that provide mentoring and networking.
“We have to discover compatibility, friendship, mentoring teams,” she stated. “Girls have to forge their profession paths and discover their area of interest on this area. There may be power in numbers.”
