Coaching Actuaries’ Post

The mutual insurance market faces evolving challenges, from regulatory pressures to technological shifts and catastrophic risks. Hugh Titcomb, CEO of Thomas Miller Group, emphasizes the importance of specialism and partnership in managing mutuals effectively. Discover his insights on navigating this dynamic landscape. https://hubs.la/Q02YJgdf0

The Casualty Actuarial Society Statement of Principles Regarding Property and Casualty Insurance Ratemaking is essential for pricing actuaries, focusing on fair and sound rates. Dale Porfilio provides his takeaways on the recent CAS Spring Meeting sessions on algorithmic bias and insurance pricing. Read the overview: https://bit.ly/4cz7rGV #insurance #underwriting

Managing Insurance Costs & Exploring the World of Timeshares The podcast episode discusses various financial topics, including the current market trends, the impact of interest rates on different sectors, and the challenges faced by the insurance industry. The host, Chad Burton, shares insights on the performance of different investment options like stocks, bonds, and real estate investment trusts. He also delved into the complexities of helping children buy homes and the pitfalls of owning a timeshare. The episode provides valuable information on selling a timeshare, navigating insurance rate increases, and making informed financial decisions in various scenarios. Additionally, the episode highlights the importance of understanding the hidden costs associated with homeownership, such as property taxes, maintenance, and insurance. Chad Burton emphasizes the need for thorough financial planning when assisting children with home purchases and cautioned against the risks of buying timeshares directly. The discussion also touches on the challenges faced by retirees in managing long-term care insurance, navigating insurance rate hikes, and making strategic decisions to optimize travel expenses. Overall, the episode offers practical advice on financial planning, investment strategies, and navigating the complexities of the current market landscape. https://lnkd.in/grBTnY-F

Shattering Insurance misconceptions, exposing vital truths for financial security. Don't allow myths to jeopardize your financial well-being. Explore insurance with our guide that clears up myths. To read the blog: https://lnkd.in/g6b7F4qb To know more, click here: https://lnkd.in/gwBybuGs #InvestInYourDreams #SecureYourFuture #terminsurance #insurance #returnoninvestment

The largest public insurance brokers reported overall positive earnings results for Q4 2023, citing new business, strong renewals and M&A activity in 2023 for their success. Read Today’s ViewPoint and get more insights into insurance brokers’ Q4 2023 earnings. #MarshBerry #InsuranceBrokerage #MergersandAcquisitions #Growth

When’s the last time you audited your business insurance coverage? Do you have insurance in the first place? In Rob’s video, Property & Casualty Insurance for Business Owners, he and Zach Padula examine what you need, how much it costs, and how to get it. https://lnkd.in/e9SkhiK3

Our team of CERTIFIED FINANCIAL PLANNER™ professionals and insurance specialist alliance partners identify risks that could significantly impact your financial well-being. While it's essential to focus on potential gains, it's equally important to consider how you, your loved ones, or business partners might be affected without proper protections in place. Transferring risk to an insurance company can potentially be a prudent strategy to minimize the financial damage of unforeseen events. As a “fee-only” wealth management firm, WE DO NOT SELL ANY INSURANCE PRODUCTS. However, we do incorporate various types of insurance in our financial planning process to help you better understand their value and importance: • Life Insurance: Income replacement, business succession funding, and estate planning with potential income and estate tax benefits. • Disability Insurance: Protects your income if you're unable to work before achieving financial freedom. • Long-Term Care Insurance: Financial support for daily living activities, respite care, in-home care, assisted living, and nursing home care. • Umbrella Liability Insurance: Extra liability coverage beyond home, auto, or watercraft insurance limits. Help to protect your financial future with comprehensive risk management strategies.  #FinancialPlanning #RiskManagement #Insurance #WealthManagement #FamilyBusiness #centman #SmallBusinessOwners #CenturyManagement

Our team of CERTIFIED FINANCIAL PLANNER™ professionals and insurance specialist alliance partners identify risks that could significantly impact your financial well-being. While it's essential to focus on potential gains, it's equally important to consider how you, your loved ones, or business partners might be affected without proper protections in place. Transferring risk to an insurance company can potentially be a prudent strategy to minimize the financial damage of unforeseen events. As a “fee-only” wealth management firm, WE DO NOT SELL ANY INSURANCE PRODUCTS. However, we do incorporate various types of insurance in our financial planning process to help you better understand their value and importance: • Life Insurance: Income replacement, business succession funding, and estate planning with potential income and estate tax benefits. • Disability Insurance: Protects your income if you're unable to work before achieving financial freedom. • Long-Term Care Insurance: Financial support for daily living activities, respite care, in-home care, assisted living, and nursing home care. • Umbrella Liability Insurance: Extra liability coverage beyond home, auto, or watercraft insurance limits. Help to protect your financial future with comprehensive risk management strategies.  #FinancialPlanning #RiskManagement #Insurance #WealthManagement #FamilyBusiness #centman #SmallBusinessOwners #CenturyManagement

Insurance coverage is a critical aspect of financial planning, offering protection against unexpected events that can lead to significant financial loss. #Insurance #FinancialProtection #AutoInsurance #LifeInsurance #HealthInsurance #HomeInsurance #BusinessInsurance https://lnkd.in/dY-3Xj9v

Enjoy this article from my MarshBerry colleague Scott Kegler about Business Insurance’s Top 100 Insurance Brokers list. There are some interesting highlights about the “big movers” and “new additions” on the list, as well as some insights on what’s driving growth and the common strategies they may be sharing. Take a look! #MarshBerry #BusinessInsurance #InsuranceBrokerage https://lnkd.in/gDxV5KwS