Insurance Journal

NOVEMBER 6, 2024

London-based Innovisk has become part of Ryan Specialty Underwriting Managers … Ryan Specialty, the Chicago-based specialty insurance services firm, has completed the acquisition of Innovisk Capital Partners from Abry Partners and BHMS Investments. Financial details of the deal were not disclosed.

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Distinguished

OCTOBER 9, 2024

New York – Distinguished Programs (“Distinguished”), a national insurance program manager, announced an expanded partnership with Berkley Program Specialists (“BPS”), a leading provider in the industry, to underwrite its Community Associations Crime and D&O products. Berkley Corporation through licensed surplus lines brokers.

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Smart Insurance Agents

OCTOBER 16, 2024

A medical health insurance broker helps you choose the best health insurance plan tailored to your needs. Unlike agents tied to one insurer, brokers work with multiple companies to give you unbiased options. This article will explain how brokers operate, the benefits of using one, and how to find the right broker for you.

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American Agents Alliance

JULY 5, 2024

Agents and brokers can leverage data analytics to help reduce their E&O risk and mitigate losses in several ways. Ways to Leverage Data Analytics to Mitigate E&O Risk Here are some actionable ways independent agents and brokers can use data to mitigate their E&O risk.

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Distinguished

AUGUST 19, 2024

We work with community association brokers to get the coverages their clients need. With their combined experience and expertise, our team is well equipped to provide the highest level of support to community association brokers across the U.S. Learn more about our community associations insurance products on our website.

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Word & Brown

OCTOBER 22, 2024

Your success as an insurance agent – and the success of your agency – are dependent on your ability to manage your time and maximize your sales. How to Increase Health Insurance Agent Productivity 1: Streamline routine tasks: Employing new technology can give you the tools necessary to automate routine (and repetitive) tasks.

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Distinguished

OCTOBER 1, 2024

If you missed our recent webinar, “Fine Art & Collectibles Insurance: Q&A for Brokers,” don’t worry. Hear directly from our underwriters on how Distinguished can help you win business and deliver superior service to your clients. Brokers with similar accounts are welcome to send them in for review.

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Distinguished

JULY 8, 2024

If you missed our recent 30-minute webinar, “Hotel Primary Insurance: A Check-In to Success for Insurance Brokers,” don’t worry. Underwriters with hospitality industry knowledge and expertise. Our underwriters will look at the security the hotel has in place. A: Yes, on a base by case basis.

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Cowbell

JUNE 28, 2024

The Independent Insurance Agents of Texas (IIAT) had their annual conference last week, bringing together agents, underwriters, thought leaders, and service providers to network and learn about the most pressing trends in the industry. Many businesses remain underinsured and agents and brokers want to close that gap.

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Word & Brown

OCTOBER 14, 2024

Health insurance agents and brokers often seek partnerships to enhance their business capabilities. The Value of a General Agency Partnership Many brokers – from newcomers to veterans – partner with a General Agent (GA) to boost their businesses. Word & Brown General Agency offers unparalleled support and resources.

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Neilson Marketing Services

OCTOBER 23, 2024

The landscape is highly fragmented, with agents spread across regions and varying in size, specialties, and market focus. This precision ensures that carriers and MGAs can concentrate their resources on agents most likely to distribute their products effectively. But connecting with these agencies can be difficult.

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Distinguished

SEPTEMBER 17, 2024

If we are comfortable with our exposure, we may consider increasing the AOP deductible and the theft deductible , depending on the underwriting analysis. Are there any emerging trends in the construction industry that are impacting builder’s risk underwriting? So specific to limits, I just mentioned security.

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Word & Brown

NOVEMBER 12, 2024

In today’s competitive health insurance landscape, brokers face the challenge of not only understanding complex health plans but also marketing them effectively to the right audiences. These firms (and others) offer marketing solutions for independent insurance agencies and brokers. There’s also a one-time activation fee of $150.

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Word & Brown

AUGUST 13, 2024

Time Management Hacks for Insurance Brokers 1: Create a daily schedule. 12: Use a General Agent. When you align yourself or your agency with a General Agent (GA), you’re able to remain independent, earn full commissions, and save time and money. Begin each day by outlining your planned tasks and appointments.

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Bankers Insurance

JULY 22, 2024

Each year, Westfield’s top independent insurance agents are invited to nominate a local nonprofit in their community to receive a donation. The Westfield Insurance Foundation, an independent private foundation endowed by Westfield, awards the donations to support their top agents’ local communities.

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Distinguished

AUGUST 26, 2024

Why You Should Partner With Distinguished for Builder’s Risk in Michigan  For brokers looking to grow their business in Michigan’s Builder’s Risk market, partnering with Distinguished offers a number of strategic advantages. Access our online Broker Portal. However, all relevant parties should be named as insureds. 

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Distinguished

SEPTEMBER 25, 2024

Why You Should Partner With Distinguished For Builder’s Risk in Tennessee  Insurance agents planning to expand their portfolio into the Tennessee builder’s market need look no further than Distinguised’s Builder’s Risk program. Access our online Broker Portal. Submit your client’s information for a quote.

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Cowbell

MAY 28, 2024

This change accelerates our three-dimensional profitable growth strategy and directly supports our broker-first approach. We are continually looking for ways to enable greater efficiency and improve responsiveness to the needs of our agents and brokers and this new role will help continue and enhance those efforts.

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Distinguished

AUGUST 12, 2024

When determining the end price of a policy, our underwriters will look at a number of factors that can influence whether the final premium will be closer to 1% or 5% of the total project cost. Expertise : Our underwriters have been insuring Builder’s Risk projects for years. In most cases, you’ll get a quote back instantly.

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Distinguished

SEPTEMBER 10, 2024

However, every project is different, so underwriters will determine the final cost of a policy based on the following factors: Location : Construction sites near bodies of water, in higher crime areas, or that include some other unique risk factor would increase the cost of the policy. Sign in to our Broker Portal. Register with us.

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Distinguished

OCTOBER 1, 2024

Our team combines deep expertise across collection categories with flexibility in underwriting and customizing coverage.   Property and Liability products are distributed through a national network of agents and brokers. View a full list of our programs and submit business with Distinguished.

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Word & Brown

SEPTEMBER 13, 2024

In your role as a broker and consultant for your individual and business insurance clients, you want to be sure you’re able to provide the personal service they want, while also doing what’s necessary to nurture a long-term relationship. The post 5 Health Insurance Essentials Brokers Should Know appeared first on The Insurance Broker Blog.

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Distinguished

AUGUST 5, 2024

Convenient valuations : We can work with you and your client to reach an agreed valuation of your client’s collection, and we will even allow you to extend market value up to 150% of that agreed amount (with additional underwriting review). Property and Liability products are distributed through a national network of agents and brokers.

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Word & Brown

NOVEMBER 7, 2024

Here are seven proven techniques to help you close more sales as a health insurance agent or broker. Sell the value Make sure you talk with your customer about what makes the product you’re recommending a better choice for their specific situation, as compared to something from another carrier (or another broker).

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Majesco

FEBRUARY 15, 2024

By providing prompt rating information, insurers can demonstrate their agility and ensure that agents and policyholders receive accurate and up-to-date coverage that reflects the current risk landscape. These types of risks often require specialized knowledge and underwriting expertise.

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Majesco

NOVEMBER 21, 2024

While expansion is important, ensuring “ease of doing business” with any of the channels, and in particular agents who will continue to dominate, is equally important from a growth and retention perspective. Create personalized products focused on today’s risk needs to close the protection gap.

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Distinguished

JULY 22, 2024

Flexible Deductibles and Payment Options : Our underwriting team can take into account your client’s collection, budget, and risk tolerance and design each policy to fit their needs. Our team combines deep expertise across collection categories with flexibility in underwriting and customizing coverage. 

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Jackson & Jackson

AUGUST 16, 2024

Insurers have been reassessing risk models and adjusting their underwriting guidelines to adapt to the evolving landscape, making it more challenging for homeowners to find suitable coverage. Additionally, consider reaching out to local agents who have an in-depth understanding of the California insurance market.

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Majesco

FEBRUARY 22, 2024

Innovation includes exciting forward-facing technologies and creative day-to-day operation models, like underwriting transformation, that enable the company to move in new directions. They improve an agent’s ability, desire, and ease of doing business with an insurer, therefore driving growth. with $85.5B

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Distinguished

NOVEMBER 7, 2024

The surety’s role is complex, as it must diligently assess the risks associated with underwriting bonds. Property and Liability products are distributed through a national network of agents and brokers. View a full list of our programs and submit business with Distinguished.

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Majesco

APRIL 25, 2024

Policy management flows smoothly from shortstop (underwriting) to second base (billing) to first base (customer service). Intelligent Sales & Underwriting: Optimize renewal cross-selling, streamline user maintenance, and simplify commissions for improved operational efficiency. The ball never hits the dirt.

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Insurance Journal

SEPTEMBER 3, 2024

Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire the property and casualty (P&C) MGUs owned by Ethos Specialty Insurance LLC from Ascot Group Ltd. Financial details of the transaction were not …

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Property Insurance Centre

JANUARY 4, 2024

” In response to rising property losses, insurance companies have adjusted their underwriting guidelines, resulting in higher premiums and limited coverage for properties located in high-risk areas. Insurers are investing in advanced technology and data analytics to improve risk assessment and underwriting processes.

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Jackson & Jackson

MAY 22, 2024

“Choosing the Right Coverage” Investors should work closely with insurance agents or brokers to understand the available coverage options and customize policies to fit their specific needs. When working with insurance brokers, it is essential to establish clear communication channels and maintain an open dialogue.

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Freeway Insurance

OCTOBER 26, 2023

Another way to find cheap car insurance is to reach out to an independent insurance agent. Brokers who only work for one insurance company can only offer policies from that single source. On the other hand, independent agents have contractual relationships with multiple carriers.

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Insurance Journal

NOVEMBER 1, 2024

Ryan Specialty, the Chicago-based specialty insurance services firm, announced it is in final discussions to acquire Innovisk Capital Partners from Abry Partners and BHMS Investments LP. As a result of the acquisition, Innovisk would become a part of Ryan Specialty …

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Risk Management Monitor

SEPTEMBER 21, 2021

In addition to claims experts, it may also be helpful for the carrier’s loss control team to attend, as well as agent/broker staff. The claims review should be designed to account for how frequency and severity may affect underwriting decisions so that the policyholder can move toward its coverage objectives.

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