Originally posted: Insureds and carriers agree that more communication can address common claims complaints. Carriers today often argue that buying their insurance product is about much more than financial indemnity and peace of mind. Many insurers include a variety…
PRESS RELEASE London, UK, November 19, 2018 Fenchurch Park London and LCM Solutions Canada are delighted to announce a strategic partnership specifically designed to consult into Managing Agents, London Market Insurers, London Market Brokers, MGAs and Coverholders in relation to TOM (Target Operating Model), a core component of the market modernisation proposal set out by the London Market Group.
2018 Trend #1: Increased Focus on Cost-to-serve OK… so this is almost a prediction, but it’s a topic on which I feel qualified to speculate, and I do so with good reason. The burgeoning growth in omnichannel supply is great news for consumers and even enterprise buyers, but it also continues to add considerable complexity for supply chain organisations. In many cases, supplying companies have taken an “Implement first. Ask questions later” approach to multi-channel and omnichannel strategies in their haste to avoid losing sales to ecommerce giants like Amazon. One of the key risks involved in such an approach is that certain sales will undoubtedly be unprofitable, and that’s an untenable situation for supply companies to remain in.
Personal observations have demonstrated that some insurance companies have some very serious misunderstandings about the attorneys they hire. I. The company’s defense attorney is not its adjuster. Let’s say the first notice of a claim was via a lawsuit against an insurance company and that the insurance company immediately hires a defense attorney to respond to the [...] The post Misunderstood Role of the Attorney appeared first on Insurance Thought Leadership. Check it out!
Technological innovations have radically transformed the business landscape in many ways over the last two centuries, from the introduction of steam power to the market conquest of radial-ply tires. Research by McKinsey & Company and the McKinsey Global Institute shows that digitization is having the same radical impact. In particular, our research shows how digitization can significantly hurt incumbent firms in many industries — depleting as much as half the revenue growth and one-third of earnings before interest and taxes (EBIT) growth of companies that neglect to embrace digital innovations.
The aggregated average total breach cost of a cyber event is US$394,000, with an average claim for a large company of US$3.2 million, a new report from NetDiligence has found.
Last month was one of the most active months of any Atlantic hurricane season. Irma and Maria both impacted the Caribbean and US in September, regions already badly hit by the force of Harvey just a week earlier.
October 2, 2017 (Toronto, ON) – In 2016 alone, Canadians lost $40 million due to online scams. Millennials and Generation Z in particular have become natural targets because of their strong presence on social media. Online security breaches and identity theft are on the rise, which is why Aviva Canada is stepping up to help educate people on how to protect themselves and their families. Watch this eye-opening and interactive video to learn tips on how to avoid various theft tactics such as online scams and “skimming” – when thieves install a fake credit card reader to steal numbers and record PINs with small cameras.
