What does 2019 hold for the risk industry: Part two
The following is the second part of a series written in association with the Institute of Risk Management. Follow this link for Part One.
The below is written by Alexander Larsen, CFIRM, president of Baldwin Global Risk Services Ltd and IRM trainer and chair of the Energy Special Interest Group. The views expressed within the article are not
Marsh & McLennan Agency swoops for Florida firm
Marsh & McLennan Agency (MMA), the middle-market subsidiary of Marsh, has announced that it has reached an agreement to acquire Bouchard Insurance, a Clearwater, Fla.-based full-service agency. Terms of the transaction were not disclosed.
Bouchard, founded in 1948, has 260 employees in offices in Clearwater, Tampa, Fort Myers, Kissimmee, Maitland,
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2019 Insurance Outlook: Growing economy bolsters insurers, but longer-term trends may require transformation
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HARARE, Sustained economic growth, rising interest rates, and higher investment income are among the positive factors that appear to be bolstering insurer results in 2018, setting
For many stakeholders in the insurance playing field, embracing technology remains a challenge that is often overlooked despite how crucial it is.
Allianz Global Corporate & Specialty head of programs business in North America Dogan Kaleli (pictured) believes that many insurance groups make a huge lapse by underestimating
Usage-based insurance set for major growth – report
The usage-based insurance (UBI) market is expected to grow at a compound annual growth rate of more than 17% between 2018 and 2024, according to a new report by consulting firm Global Market Insights.
One of the major factors driving the growth is the increased production of vehicles embedded with telematics or using external tracking systems to
Guy Carpenter shakes things up ahead of merge with JLT Re
HARARE, Marsh & McLennan Companies (MMC) unit Guy Carpenter (GC) is all geared up for its imminent merge with Jardine Lloyd Thompson Group’s (JLT) reinsurance broking business.
While MMC’s swoop for the entire JLT enterprise awaits closing, GC has made significant leadership changes to make way for JLT Re, with which it will align and
Retro market disruptions may impact future renewals: Willis Re
Compiled by Insurance24
HARARE, Disruptions and trapped collateral in the retrocession market may have an impact on first-tier reinsurance property catastrophe pricing
levels over the upcoming 2019 renewals, according to broker Willis Re.
The analysis came as part of the firm’s latest 1st View report, which found that reinsurance
How can insurance brokers use rate comparison sites to boost their books of business?
HARARE, Growing a book of business can be quite a cumbersome, expensive and time-consuming task for independent insurance brokers. Some brokers spend thousands of dollars on brand advertising and marketing campaigns without any guaranteed return on investment (ROI) or success. In many cases, traditional insurance
Building the broker-underwriter relationship
HARARE, To fulfil insurance’s core mission to provide protection to clients, underwriters and brokers must have a successful relationship backed by a mutual understanding of each other’s business priorities and key drivers.
This is one of the principles that Hayley Robinson, UK chief underwriting officer at Zurich Insurance,
Microsoft data centres to impact local insurance market
HARARE, In May last year, Microsoft announced plans to launch two data centres in South Africa. Located in Johannesburg and Cape Town, these see the company targeting cloud services growth on the continent. These data centres will deliver the Microsoft Cloud, including Microsoft Azure, Office 365, and Dynamics 365 to Africa, with initial availability