Patricia Puerta

⏰The countdown has started! Are you joining us at the #fermaforum in Madrid? Find out more about our participation and don't miss out on the opportunity to meet our team! You are welcome to book a meeting with us anytime: https://ow.ly/ll5030sGzFC #AdvancingCorporateInsuranceTogether #fermaforum #riskmanagement

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⏰The countdown has started! Are you joining us at the #fermaforum in Madrid? Find out more about our participation and don't miss out on the opportunity to meet our team! You are welcome to book a meeting with us anytime: https://ow.ly/MURU30sGzFy #AdvancingCorporateInsuranceTogether #fermaforum #riskmanagement

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Unfortunately it’s not only European companies that are underestimating the US casualty exposure….Asian companies have been too cosy in an often non litigious society that they are unaware of the high claims awards and social inflation aspects of the Nth American markets. Even for Asian companies that may not have any domiciled entities/ operations in Nth America - many Asian companies are in the manufacturing sector and have considerable products exported to Nth America. This exports exposure opens themselves up to products liability claims in Nth America. Without adequate liability insurance protection, Asian companies may expose their balance sheets to these nuclear verdicts/ awards.

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  Insured Loss Estimates Rise for Spanish Floods: Significant Financial Impact Nat Cat Scheme: Expected payout of €3.5bn by the State-backed Consorcio de Compensación de Seguros (CCS) Relief Package: Approval of a €10.6bn relief package by the Spanish government.   #SpainFloods #NaturalDisasterInsurance #RiskManagement #ClimateChange #FloodInsurance #DisasterRelief #InsuranceClaims #CatastrophicRisk

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The #Draghireport is right that the EU must significantly increase investment if it is to maintain its competitive edge. The report also recognises the need to review the #SolvencyII capital requirements. This is one of the key aims of the current Solvency II Review. The (Level 1) political agreement on the Solvency II Review reached last December opened up the potential for meaningful improvements to address two key barriers for insurers to invest more and invest long-term: 1/ the current excessive capital requirements 2/ the excessive volatility in solvency ratios. However, the actual outcome will be determined by the technical (Level 2) calibrations which are currently under discussion. It is therefore key that the level 2 work fully reflects the co-legislators’ political agreement and Europe’s needs regarding investment, climate and digital transition, Capital Markets Union (#CMU), and international competitiveness. #InsuranceMatters

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Hey hey 👋 Here’s some positive news before everyone switches to weekend mode 🌴. We have just launched our loyalty program 🚀 From Loyal to Royal 👑 Without any complications👌 🎯 Earn points 🎁 Choose your gift And if you want to make the world a better place, you have the option to make a donation! ⚡⚡⚡ Check our app for more details📲 and start your journey 👑 #balcia #balciainsurance #balcialoyalty #loyaltyprogramm #loyaltoroyal

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A strong H1 2024 for Allianz Group, a strong H1 2024 for Allianz Direct! Our 6M 2024 figures are out, and we are fully on track for our 2024 plan for Allianz Direct! • Growth: We have reached a total Gross Written Premium across all our five markets of 647.1 mn EUR (up from prior year Gross Written Premium of 519.4mn EUR) • Profitability: We are profitable with a Combined Ratio of 98.5% for 6M 2024, down from 99.3% in FY 2023 and 102.3% in FY 2022 • Competitiveness: Expense Ratio is at a very competitive level of 15.5% for 6M 2024, despite strong investments into growth and our new market France! Alongside, we delivered further improvement in productivity as evidenced by a -1.3%pts reduction in our admin ratio YoY (from 8.9% in H1 2023 to 7.6% in H1 2024). Our relentless focus on strengthened competitiveness, cost discipline and pricing excellence starts to pay off! We took our momentum from 2023 into H1 2024 – doubling down on growth, pricing and operational excellence! All of this is driven by our amazing teams across Europe - I couldn't be more proud of them! #allianzdirect #financialresults #digitallyunbeatable

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I'm looking forward to attending the #FermaForum in Madrid. Please do stop by the Crawford & Company booth to meet the team and learn how we are solving the claims challenges of today while anticipating the needs of tomorrow. You can read more in this blog by Niels de Kock on leading the risk revolution. #CrawfordRestores https://lnkd.in/eKVurJ3N

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Insurance execs, you need to see this. "There are 4 moments of truth every insurer needs to follow", says Alberto Pérez Domínguez, co-founder and COO of Democrance. In this video, you'll see the first one. Watch all of our content - link in the comments. #stopsellinginsurance #helpcustomersbuy #democrance

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We’re not here to follow the beat. We’re here to set it.   Since the beginning of this year, I’ve been ‘on tour’ visiting Allianz Technology colleagues across Spain, Italy, India, Thailand, the US, Switzerland, Germany, Austria and France with our Executive Management team. Our playlist? Listen, exchange, learn – on repeat. Because our people know best how to play their instruments; they are the driving force behind our transformation and the key to unlocking the next level of our amazing organization.   The next stage we want to perform on is sustainable transformation and growth, with our strategy as the rhythm for innovation and continuous customer value creation. We’re in tune to win IT, and we’re doing it by transforming how we think, work, jam, and innovate:   ➡️ End-to-end customer experience ownership – we’re the maestros; we’re not just enabling IT but inventing future-proof solutions, setting trends & amplifying emerging technologies ➡️ Fast, efficient, customer-focused mindset – agility isn’t just how we work; it’s how we play in sync ➡️ People at the core – upskilling our colleagues ensures we stay ahead of the pulse, because their growth is our competitive edge ➡️ Global, harmonized tools & processes – scaling solutions worldwide from one, solid foundation while delivering quality, stability, & value   Innovation isn’t just chasing the newest, sexiest tech. It’s also about finding smarter ways to remix what works, solve problems, and deliver real, lasting value. And, it’s not a solo act. It’s a symphony – open, collaborative, and networked: our Innovation Hub in India will be the first to launch, followed by hubs in Munich and the US.   This is our next level, our crescendo, and I’m happy to say we’re composing and shaping it together. Thank you, Team Allianz Technology, for your hospitality so far this year – YOU are rocking IT! 🎸🚀 #AllianzTechnology #IT #Innovation #Transformation #Strategy #LetsRockIT Nicola Bosisio Aline Bonaccorso Fabrizio Salvatore Jordi Balcells Alexander Heinrich Dr. Axel Schell Marius Eugler Iain Briggs Gülay Stelzmüllner Gerard Esparducer Samira Aidouni Laurent Cabrit Jayant Tulsiani Jihan Nadri Tony Skipper Marco Baumgartner Thomas Baach Philippe Thibault

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Today we reported Zurich Insurance H1 2024 results with a record operating profit of USD 4.0 billion and net income of 3.0 billion, up 21% from last year. This result is an important step toward exceeding all 2025 targets, and it’s supported by all our businesses: - P&C BOP of 2.2 billion with a COR of 93.6% despite higher catastrophe and weather losses. Commercial insurance remains strong with COR of 88.4% excluding catastrophe losses - Life BOP of USD 1.0 billion, with strong new business growth in protection and UL - Farmers continues to deliver on its business transformation and contributes record BOP of USD 1.1 billion. Our capital position remains very strong with SST ratio at 232%. A big thank you to our customers for their ongoing trust and all Zurich colleagues for their dedication. Read more ➡️ 🔗 https://lnkd.in/eT4UiGX7

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At the 29th #jornadasMAPFREGlobalRisks in Malaga, the session of the “Reinsurance Market: Are we in a cycle change?”

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From AXA Emerging Customers to AXA EssentiALL: a new ⭐essential⭐ step in our journey! How do you pick a name for your business? It needs to reflect what it does, its ambition, be understandable by all. It should be easy to both pronounce and remember, simple yet differentiating. Ideally, it should spike curiosity and interest, as well as provoke a positive emotion. In a few words: finding the perfect name is no easy feat. With AXA’s inclusive insurance business becoming global as we expand to mature markets, I was determined - with the invaluable expertise of the Brand team - to find this rare gem. Our new name needed to reflect our universal nature, our new global scope, our target segment and our ambition: to address the essence of insurance, cover our clients’ essential needs and contribute to better protecting if not all, at least as many clients as possible. And that’s how AXA Emerging Customers has become AXA EssentiALL! In the emerging world, over 3 billion men and women have no access to insurance, or if they do, it is inadequate in terms of distribution, cost, and coverage. Similarly, in mature economies, the lower income segments of the population, 25-30% of total, is increasingly having to arbitrate on constrained expenses, including insurance. Vulnerability is not a situation but a risk, that of not being able to make ends meet, and this segment is struggling to do this. So our purpose is clear: ensuring underserved customers around the world gain access to protection for their families, businesses and communities. We're already protecting 14 million clients, and the next target is high as we are aiming for 20 million clients by 2026! This is what AXA EssentiALL ambitions to do. I am very proud of this new name. I’m even prouder of our community, of how far we have gone and of our potential to go to the next level. In terms of innovation, insights, influence, impact. In terms of profitable business growth, market share, number of people protected. In terms of going back to the roots of insurance, pushing the borders of insurability and driving a federating source of pride. AXA Emerging Customers is dead, Long live AXA EssentiALL 😊 Find out more on our new webpage! https://lnkd.in/eAWDShCi George Stansfield Patrick Cohen Hassan El-Shabrawishi Guillaume Borie Alban de Mailly Nesle Frédéric de Courtois Karima Silvent Martin Powell Meryem CHAMI Sally O'Hara Khaled el Shaarany Mirjam Bamberger Alice Holzman Virginie Berçot Ida de Catuelan Erika Medici Kevin Chor Alexandra Quiroga Omar Shelbaya Niharika Yadav Laurent Bourson Daniel Bandle Rashidat Adebisi Amar KEBE Claude SEIGNE YAVUZ OLKEN Etienne Bouas-Laurent Thilo Schumacher Chiara Soldano Olga Sánchez Fabrizio Petrillo Tara Foley Quentin Gisserot Michal Matul Laura Elena Rosado Solene Boutoille Celine Callard

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In my opinion, a crucial aspect of this is the renewal of companies' risk financing activities. It is not enough to simply address insurance policies by spending significant amounts on transferring risks, and measuring success solely by how much we reduce these expenses compared to the previous year. If the goal is to improve the effectiveness of risk management, we must take the following steps: -         We need to test the effectiveness of the company's insured position. This includes testing key suppliers as well! -         We should leverage the significant risk management expertise and experience of insurers and brokers wherever possible. Their recommendations are made in the best interest of our company—and for free! -         Strengthen the connection between the Board/decision-makers and the topic. Digital solutions, such as dashboards and alarming systems, are available to assist in this. The concept of underinsurance becomes a critical issue during every serious loss event! It is in the best interest of our company to resolve this issue reassuringly during "peacetime." Involving our insurance partners in this process can be achieved without increasing our costs. Without implementing the steps outlined above, the risk of underinsurance will remain undiscovered and therefore unaddressed. Strengthening the corporate risk financing function is in the interest of every player in the market!

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LAW & POLICY - DORA is ‘very specific and demanding’, insurance exec warns MAPFRE's crisis management head said DORA will force the insurance industry to accelerate its efforts https://lnkd.in/dujDgrUR #Insurance #DORA #ITlaw #ICT #DoraRules #LawandPolicy #ICTregulation #QA #Software #QAtesting

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LAW & POLICY - DORA is ‘very specific and demanding’, insurance exec warns MAPFRE's crisis management head said DORA will force the insurance industry to accelerate its efforts https://lnkd.in/dujDgrUR #Insurance #DORA #ITlaw #ICT #DoraRules #LawandPolicy #ICTregulation #QA #Software #QAtesting

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Are you wondering how to optimize the risk protection of your balance sheet? Reach out to our team and look at #ART Swiss Re Corporate Solutions Alternative Risk Transfer solutions. Let’s jointly create #ValueBeyondRiskTransfer

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