Underinsurance can affect organisations of any size or sector and could pose a significant risk to your business if not addressed. In this specialist article, we explore the rising threat of underinsurance, how it occurs, the problems it can cause, and the relevance of the 'Average Clause'. Click the link below to read more ⬇️ https://okt.to/b1FlGC #riskmanagement #valuations #underinsurance
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In today's uncertain world, underinsurance has become a significant concern. Being underinsured means that you do not have adequate coverage to protect yourself or your business from potential financial losses. At Gallagher, we understand the importance of comprehensive insurance coverage tailored to your unique needs. We urge you to review your policies regularly and consult with our experts to ensure that you have the right coverage in place. Don't let underinsurance compromise your financial security.
Underinsurance can affect organisations of any size or sector and could pose a significant risk to your business if not addressed. In this specialist article, we explore the rising threat of underinsurance, how it occurs, the problems it can cause, and the relevance of the 'Average Clause'. Click the link below to read more ⬇️ https://okt.to/b1FlGC #riskmanagement #valuations #underinsurance
Underinsurance: A Wake-Up Call for Policyholders
ajg.com
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Business owners might think a reinstatement cost assessments costs too much but save you the worry of average being applied to you claim. More so if you have a finance agreement in place which requires you to insure to full reinstatement.
Underinsurance can affect organisations of any size or sector and could pose a significant risk to your business if not addressed. In this specialist article, we explore the rising threat of underinsurance, how it occurs, the problems it can cause, and the relevance of the 'Average Clause'. Click the link below to read more ⬇️ https://okt.to/b1FlGC #riskmanagement #valuations #underinsurance
Underinsurance: A Wake-Up Call for Policyholders
ajg.com
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Aon’s Marcell: Reinsurers enjoy equilibrium, but some cedants questioning value amid renewals pressure Watch the full #ReinsuranceMonth interview here: https://lnkd.in/eUirjW7Y #RVS2024 #reinsurance #risk Christopher Munro Andy Marcell
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#Leaders from ACLI and across the #LifeInsurance industry met with the Federal Reserve Bank of Chicago to discuss the strength of the industry and the certainty we provide to families, businesses and communities. We appreciate the productive conversations in Chicago today.
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INTERVIEW: Keese: Lloyd’s price adequacy drive led to premium target miss in FY23 Learn more👇 https://lnkd.in/e23KjcAa Lloyd’s CFO Burkhard Keese reiterated that price adequacy is at the heart of the Corporation’s growth strategy as he revealed the market missed its calendar year premium target by ~£4bn amid a deterioration in underwriting conditions in some classes of business. Burkhard Keese | Lloyd's #results #insurance #reinsurance #insurancemarket #reinsurancemarket #insurancenews #reinsurancenews
Keese: Lloyd's price adequacy drive led to premium target miss in FY23 | The Insurer
https://www.theinsurer.com
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As single-minded experts and the largest provider of capital to Lloyd's, we were delighted to have John Francis contribute to Rupert Hargreaves' City AM article about Lloyd’s of London yesterday. The article delves deep into the strategic initiatives driving innovation and success in one of the world's most renowned institutions. From pioneering risk management solutions to fostering a culture of creativity and resilience, Lloyd's sets a remarkable example of adaptability in the face of change. At Hampden, we naturally take the long-term view, and we are privileged to be a part of the innovation and growth within the Lloyd’s market. Click here to read the full article - https://lnkd.in/ezCrMgA4 #LloydsofLondon #HampdenAgenciesLimited #investment #capitalmanagement #assetmanagement #highnetworth #hnwi #familyoffices #lloydsoflondon #londonmarket #familyoffice #insuranceindustry #insuranceagency #insuranceadvisor #insurance #insurancepodcast #reinsurance #insuranceindustry #insuranceagency #insuranceadvisor
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With no sign of premium relief, now is a good time to reassess your business and book of business. #Construction #Businessinsurance #manufacturing #captiveinsurance #hardmarket
Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7 — its best interim results in 17 years — does this mean the hard market cycle is ending? During a media briefing to discuss Lloyd’s results, CEO John Neal answered that question with a chuckle. The so-called “supercycle” is likely to be prolonged, he said, citing a reference to the current hard market, which was made earlier this year by Patrick Tiernan, Lloyd’s chief of markets. https://lnkd.in/gD-jjAEA
Hard Market 'Supercycle' Likely to Be Prolonged: Lloyd's CEO Neal
insurancejournal.com
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Risk Management | Timeshare - Resort - Property Management Specialist | Go-Giver | Consultant
First-half profits are Lloyd’s best in 17 years—so, property premiums should go down, right? If only it were that easy. CEO John Neal explains that the 'hard market' is here to stay, with risks like U.S. litigation, global tensions, and climate challenges. Instead of price cuts, Lloyd’s is focused on disciplined pricing and risk management to stay resilient. Take Away: Establish a game plan and execute. Project and Protect—disciplined pricing and selective underwriting will reveal strengths or spotlight opportunities. It’s time to stop kicking the can and start the insurance conversation.
Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7 — its best interim results in 17 years — does this mean the hard market cycle is ending? During a media briefing to discuss Lloyd’s results, CEO John Neal answered that question with a chuckle. The so-called “supercycle” is likely to be prolonged, he said, citing a reference to the current hard market, which was made earlier this year by Patrick Tiernan, Lloyd’s chief of markets. https://lnkd.in/gD-jjAEA
Hard Market 'Supercycle' Likely to Be Prolonged: Lloyd's CEO Neal
insurancejournal.com
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Coming Soon: Gracechurch's London Insurers Monitor! In just a few days, we’ll be releasing the London Insurers Monitor to our clients. This independent report provides key insights into corporate reputation and underwriting performance in the London Market, helping our clients to enhance their business development planning, market positioning, and strategy-setting. To learn more about the London Insurers Monitor and how it can elevate your business strategies, visit: https://lnkd.in/eSyuKi2q #LondonMarket #insurers #servicequality #underwiting Ben Bolton
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Changing risk landscapes and insurance trends form promising markets for reinsurers worldwide. Yet operational adaptation is necessary, in order to gain competitive edge in challenging lines like casualty or in natural perils, to manage inflation across the cycle and to stay resilient in the wake of adverse external trends. Dr. Ulrich Kleipaß Carsten Küst
🌊 The Future of #Reinsurance: New Opportunities in Dynamic Times Check out our latest analysis! Our experts have analyzed twelve key trends, from shifts in the risk landscape to changes in the reinsurance operating model and capital environment. We also dive into the implications for client and broker relationships, and the industry’s business model overall. 🔍 Key Takeaway While the core business model remains stable, reinsurers must strengthen operations to enhance resilience and expand their adaptability to capitalize on new growth opportunities. 💡 Let’s connect and discuss the implications on your organization: ➡ https://lnkd.in/dWbBbVQC #RolandBerger Dr. Ulrich Kleipaß, Dr. Clemens Frey, Carsten Küst
