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Marsh’s new report aims to demonstrate that cyber insurances policies do pay and to dispel some common myths surrounding the policies.
Utilities (Alternative Energy)
Creative risk solutions, industry knowledge and superior customer service are hallmarks of the 2015 Power Broker®
A ranking charts the world’s top 150 brokerage groups, based on revenues earned from commercial non-life (P&C) insurance.
Program administrators saw nearly 10 percent growth in revenues, but overcapacity, technology and talent remain challenges.
To succeed, brokers must focus on specialization, leverage technology in client relationships and meet recruiting challenges.
Certificates of insurance are often required, but risk managers should understand that it is always the actual policy that controls coverage.
The law streamlines the national licensing process for brokers, but it may take two years to be operational.
Risk professionals with ERM responsibility were less satisfied with their insurance partners than those without such responsibilities.
More insurance distribution channels are opening up, which could disrupt business for both underwriters and brokers.
Growth for independent insurance agencies is slowing.
New demands and recruiting challenges make some roles hard to fill, but educational efforts are bridging the gap.
The top 150 brokers earned total global revenues of $28.5 billion from commercial P&C activity.
A softening market and aggressive competition is making it more difficult for independent brokers.
IIABA’s new leader sees succession planning and recruitment strategies as a No. 1 priority.