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... Generali, and Winterthur), and reinsurance/variable insurance programs (financial reinsurance, stop-loss reinsurance, catastrophe reinsurance, etc.). The international market e... arrangement with IMMS correspondent brokers principally in the following stat...

... O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Finding Markets: The Specialty Program Consultant 4/30/2013 12:00:00 AM by Andrew Barile , CompleteMarkets Editor This content has not been rated yet. While a reinsurance intermediary operates between the ceding insurance company and the reinsurance company market, the specialty insurance program consultant operates between insurance agents and the insurance company. This document by Andrew Barile introduces you to this emerging type of consultant. Program brokers, marketing insurance consultants, and ... insurance program consultants have all existed for a number of years. They perform a valuable service for an agent, and should be part of the agent's cadre of experts, together with lawyers and public accountants. Without a suitable insurance company market the agent can't exist. Insurance company market finders perform a unique service that agency staff members can't always perform on their own. The first question agency owners ask is Why should I pay a consultant for a service that I, the owner of the agency, should be able to perform myself ... carriers, wholesalers and service providers. Negotiate lucrative contracts with carriers and wholesalers. Net result. More revenue for your agency! Clients & Prospects will research you, your co-workers and your agency here. The most comprehensive online insurance industry reference library for - Personal Lines Professionals Commercial Lines Professionals Life/Health & Benefits Professionals Online newsletters and content that you can use for your clients and social media efforts. Ability to attach leads and clients to your specific market searches, with e-mail alerts for all the market, articles, blogs and ...

...y Program Consultant
While a reinsurance intermediary operates between the ceding insurance company and the reinsurance company market, the specialty insu...E&O, Private Passenger Auto Liability, Contractors Liability, Auto Default insurance, Crane R...

... purchasing excess insurance or reinsurance. INSURANCE LINES The other quest... magazine for risk and insurance professionals.

...ly in excess of 2:1? No. Due to reinsurance cedings and capital contributions ...ure loss ratios of 283% for General Liability and 973% for Auto Liability. Has there been any negativ...

...ry insurance, excess insurance, reinsurance, surplus lines insurance, and any ...hall apply only to the provision of liability insurance by a risk retention group or the purchase of liability insurance by a purchasing group,...

... would probably experience many small Workers Compensation claims but relatively few, if any, large claims. A bank can also expect to have numerous low severity Comp claims. Alternative risk financing usually involves loss severity — the exposure to large losses — by purchasing excess insurance or reinsurance. INSURANCE LINES The other question asked most often is "What lines of insurance are best for alternative risk financing?" Casualty lines — Workers Compensation, General Liability (including Products), and Auto Liability — are the best candidates for alternative risk financing. ... management process. Captive risk financing carries somewhat higher non-loss costs and imposes greater administrative concerns than self-insurance and large-deductible plans. CHOOSING RISK FINANCING Here are the steps that a medium-sized company should follow in the financial evaluation of risk management alternatives: Work with a consultant or your broker to identify and analyze suitable alternatives. Project losses and costs, and compare the net present value of each of the risk financing alternatives to the cost of purchasing insurance. Simulate the variability of results. Be certain that you examine worst-case scenarios as well as expected ... improved cash flow and cost savings. The extent of improvement and the degree of control over the risk management process will vary, depending on the firm's internal management practices and organizational suitability. Reproduced with permission from riskVue, a free monthly online magazine for risk and insurance professionals. Login or Register (for FREE) to gain access to thousands of other great articles. Need more reasons to join? Need insurance for you, your business or your family? Get quality appointments - Save yourself a whole lot of time & money when ...

...xcept for personal coverage and reinsurance. If an agent places coverage throu...red in other types of policies. All liability policies the agent has should be...