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First decline in commercial property rates since 2017, and another drop in cyber premiums signal a buyer-favorable turn in the market, The Council of Insurance Agents & Brokers reports.
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.
Program administrators saw nearly 10 percent growth in revenues, but overcapacity, technology and talent remain challenges.
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.
Three executives are accused of taking proprietary information with them when they joined a rival firm.
Clients look to brokers for interpretations of the Affordable Care Act
EPIC is rapidly becoming one of the largest retail insurance brokers in the U.S.
Employers say their brokers are not providing the value-added services they really want.
As organizations look online for commercial insurance, brokers must focus on adding more value to their services.
Nancy Chambers is bolstered by the inspiration of her mother, now 90, who was born in a log cabin.
Brokers comply with FATCA even as they seek exemption from the law’s foreign insurance requirements.
Employers are seeking more consultations and advice in response to confusion over health care reform.
Retracing the route of Amelia Earhart is the most recent adventure made possible by brokers.