Insgroup Broker Andrew Bean Recognized as a 2020 Private Client Power Broker

Andrew Bean, Shareholder, Insgroup Inc.

As a high net worth property and casualty specialist, Andrew Bean regularly attends carrier events and combs through the fine print in policy documents to better understand how to pose creative solutions.

That research, combined with being proactive with clients and leveraging Insgroup’s position, enables him to write affordable property insurance for clients in difficult coastal and wildfire exposed areas.

That type of service has simplified the task of managing complex, high-net-worth insurance portfolios, said the vice president of a wealth management firm.

When it’s time to renew, Bean delivers to his clients an extensive binder of documents and coverage descriptions along with a comprehensive spreadsheet of options.

The real value isn’t just in his thoroughness, but in his relationship with underwriters, said the vice president.

“It allows him to talk directly to them to answer any of their concerns and try to consolidate multiple policies with one company,” he said.

Another family office manager said Bean has been so instrumental in helping deal with his high net worth clients’ risk management needs, they have been able to develop a strategic partnership.

This enables the family office to more easily manage its clients’ risk and save money in the process. “[Insurance] is not really something I need to be involved with. I can just send it to his office, and he’ll go to the client’s house, take care of them. It’s first-class service,” he said.

All 2020 Power Broker Winners

2020 Private Client Power Broker Winners and Finalists

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What is a Power Broker?

A Risk & Insurance Power Broker® is an individual who stands out among their peers for the exceptional client work they delivered over the past year. While brokers play many key roles in the insurance industry and risk profession, a Power Broker® award recognizes problem solving, customer service and industry knowledge.

Our goal is to broadly recognize and promote outstanding risk management and customer service among the brokerage community.

Who selects the winners?

Power Brokers are selected by risk managers based on the strength of the testimonials they provide to a team of 15 Risk & Insurance editors and writers.