IIS To Induct Three Into Insurance Hall of Fame

The International Insurance Society’s “Insurance Hall of Fame” will have three new members following the annual meeting on July 9 in Vienna, Austria. Nippon Life’s Chairman Josei Itoh, Tillinghast Consulting’s former President James C.H. Anderson and GEICO’s Founder Leo Goodwin Sr. will be inducted.

The Insurance Hall of Fame was founded in 1965 and has so far inducted 100 insurance industry leaders. The Society noted that all three had been “innovative leaders in insurance.” Itoh was recognized for his “development of insurance in response to the needs of an aging society,” and his pioneering “innovations in the area of human resource management and information technology.”

Anderson was singled out for his direction of Tillinghast, his “pioneering of products and methodologies in insurance,” and his creation of “an actuarial standard to determine the value of mergers, acquisitions and joint ventures”.

Goodwin was recognized for his innovative creation of the “direct response business model: the concept of marketing insurance through the mail at a lower price to a targeted audience,” and for his efforts in automobile safety.