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Managing Risk: A Guide For Your Business Client, Part 1 Of 4
MANAGING RISK: A GUIDE FOR YOUR BUSINESS CLIENT Part 1 of 4   WHY RISK...ere are two benefits you'll get by combining these functions: (1) You'll coordinate insurance-buying expertise, and (2) you'll upgrade t...

... This can include the development and promotion of niche programs done in conjunction with intermediaries or direct with markets. Partner for success with other entities to expand your capabilities, services, and prestige. These partners might include wholesale and MGA intermediaries, reinsurance brokers, captive management specialists, claims administrators, etc. Remember to include those resources in your marketing activities so that when you approach them, you're top-of-mind with them as well. Identify and exploit your brand to promote unique attributes and your differentiation from competitors. This is essential in a ... marketplace. You can do this directly through advertising and direct mail, but often more subtly through press and publicity, speaking opportunities, and cultivating industry analysts. If you specialize in a particular industry niche, look into attending related trade shows to demonstrate your commitment and expertise. Focus on your production and support personnel. This is critical to any marketing effort. Branding and promotion are only believable when they come to life in the performance and behaviors of your staff. Use effective employee communications to build and sustain your desired company culture ... . You also need to: Expand your product mix to help retain clients and attract new ones — including whole books of business. This can include the development and promotion of niche programs done in conjunction with intermediaries or direct with markets. Partner for success with other entities to expand your capabilities, services, and prestige. These partners might include wholesale and MGA intermediaries, reinsurance brokers, captive management specialists, claims administrators, etc. Remember to include those resources in your marketing activities so that when you approach them, you're top-of-mind ...

...ce brokers, captive management specialists, claims administrators, etc. Remember to include those resources in your marketing activities so that when you approach them, you’re top-of-mind with them as well. Iden...rs. SUMMARY Market cycles are inevitable in our business. But with planning and forethought, you can “cycle up” your marketing efforts to your long-term advantage.

Developing A Marketing Plan In A Distressed Agency
It is an uphill...s present themselves, long-range marketing planning extend the agency into the future.

...aims adjusters, loss prevention specialists, and so forth. Policy regardi...n't know can hurt you. Periodic monitoring, using all the tools mentioned above, is e...

...a by many tax experts. Some tax specialists claim that a pure timing risk transfer might not be considered insurance by the IRS. Any organization considering the use of Financial insurance for tax reasons should consult a...ial subscription not available to existing or previous RML subscribers.

... up by the corporation are not deductible. Deductions cannot occur until the losses are actually paid. Insurance premiums are deductible when paid. Companies should be aware, however, that deductibility of Financial insurance premiums is considered a gray area by many tax experts. Some tax specialists claim that a pure timing risk transfer might not be considered insurance by the IRS. Any organization considering the use of Financial insurance for tax reasons should consult appropriate tax counsel. Possible tax-free accumulation of investment and underwriting income. If located in the appropriate domicile, ... sudden-demand risk. Risks that this technique addresses include Product Liability (including products recall), Pollution Liability, Errors and Omissions Liability, Workers' Compensation, and high-deductible Property. Various types of entities that could use Financial insurance include medium-size and large self-insured corporations, self-insured public entities or pools, captive insurers, and risk-retention groups. Insurance companies have used variation of this technique for many years (Financial reinsurance) . In the purest form, Financial insurance premiums are calculated by adding the current value of loss payouts to expenses and insurer ... timing variations. Transferring the timing risk to an insurer reduces or eliminates the sudden-demand risk. Risks that this technique addresses include Product Liability (including products recall), Pollution Liability, Errors and Omissions Liability, Workers' Compensation, and high-deductible Property. Various types of entities that could use Financial insurance include medium-size and large self-insured corporations, self-insured public entities or pools, captive insurers, and risk-retention groups. Insurance companies have used variation of this technique for many years (Financial reinsurance) . In the purest form, Financial insurance premiums ...

...al about mutual funds. So have many investment-minded members of the public. But, while mo... is charged when the shares are cashed in. No-load simply means there is no initial sales charge. Every fund will charge a management fee of some kind. There might also be a charge for accounting fees and marketing costs, whic