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Staff vice president, manager of cyber risk insurance products
Johnston, Rhode Island
Grace Ries started her career in the insurance industry as a field engineer in the San Francisco offices of FM Global after graduating with a degree in chemical engineering and materials science engineering in 2007. She moved on to account management and now leads a dedicated unit tasked with developing an underwriting approach and coverage capabilities to meet clients’ needs for first-party cyber solutions.
Best advice you’ve been given
The best advice I’ve been given is to be brave and always try something new. It resonates really well with me because when people think about cyber, they think of doomsday. It’s a challenging topic, it’s scary, no one really wants to go there, but ... why not now? Because that’s the most relevant topic in the industry.
Top industry concern
Traditionally people worry about their credit card information being stolen or their identification being stolen, but now I’m starting to see a shift of our risk managers worrying about what can cause catastrophic damage to their property and shut their business down.
How do you unwind?
I always reserve 10% of my energy to look forward to coming home to my two children. I have 1-year-old and 3-year-old daughters. I do look … forward to the one meal that I cook and we can all share as a family together.
Hobbies and interests
I love to cook. I like to travel with my kids. We actually went to Hong Kong as a family on a 17-hour flight … we just love to do things together as a family and distance doesn’t stop us.
Something people don’t know about you
I was born and raised in Hong Kong, so my family is there. I can speak three languages — English, Cantonese and Mandarin.
Business Insurance’s Break Out Awards program honors 40 top professionals on track to be the next leaders in the risk management and property/casualty insurance field.