QuoteWell’s Post

According to the Allianz Risk Barometer, businesses are more concerned about political risks and violence than they have been for many years. From sudden regulatory changes to political unrest, your client's investments need protection. As a specialist wholesale broker, we understand the nuances of political risk insurance. Trust us to find the right coverage that fits your client's unique needs and ensures their business's continuity Find out more - https://lnkd.in/e4WC_5WQ #PoliticalRisk #BusinessContinuity #RiskManagement #InvestmentProtection #WholesaleInsurance #GlobalBusiness #SpecialistWholesale

Interesting update from Lloyd’s on the current state of the D&O Market: Lloyd's Chief of Markets, Patrick Tiernan, raises concerns about the “relatively shambolic state” of the Directors' & Officers' market. He points out irrational underwriting behaviors, sharp rate declines, and widening coverages in both the US, Australia, and Europe. Tiernan criticizes some for their underwriting approach and highlights a need for dynamic management and active oversight of relationships. Lloyd’s is resilient but emphasizes performance as a priority, with a focus on US general liability and specialty classes impacted by geopolitical risk. #Insurance #RiskManagement #InsuredHQ https://lnkd.in/gTj4fDQC

💡 Did you know that Greeks first deployed loss sharing which is what we call today "General Average"? The screenshot is from Expeditors #webinar "Understanding supply chain risk and insurance terms" happening now ⬇️ #supplychainrisk #riskmanagement #expeditors #insurance

Considering political risk insurance can provide valuable protection for your client, be it an individual or a company. Here are some reasons why your client might consider political risk insurance: •Protection against Political Instability •Safeguarding Investments •Ensuring Business Continuity •Facilitating Financing •Compliance with Contractual Agreements •Enhancing Creditworthiness •Navigating Regulatory Changes •Expanding into high-risk Markets Arden Wholesale is dedicated to assisting brokers across the UK with specialised insurance solutions for their clients. Get in touch with us to learn more - https://lnkd.in/eSg7fQy #PoliticalRiskInsurance #BusinessProtection #InvestmentSecurity #BusinessContinuity #InsuranceBroker #WholesaleInsurance

Truth and transparency. That's the key to wonderful relationships in the insurance world - or any world for that matter. Sometimes people bend the truth a bit in business. Dont. You'll be called out at some point. An insurance carrier needs just one incident to badly taint an agency's name in their eyes. I understand that when dealing with a tough placement rationalization can set in. Sometimes broker competition can set untruths in motion too. As risk managers try to think through the potential consequences of said bent truth. Let's all practice what we preach and be terrific risk managers on all fronts! #insurance #insuranceagents #insurancebrokers #transparency #truthmatters

It's not always easy to know what coverage you need or predict the risks you might face in the future. Here at MWA, we believe in offering a personal service that you can always rely upon, that’s the MWA way. We'll guide you through identifying risks in your business with our free risk assessment report. This ensures your policy protects you and allows your business to thrive. It is reassuring to know that you can work with an insurance broker who keeps track of the changing economic climate and understands the latest emerging risks. You will have the peace of mind that your insurance is doing what it needs to. We know your business is unique; there is no room for a one-size-fits-all solution. #TheMWAWay #Insurancemarket #Insurance #InsuranceBroker

I don't like to say I told you so, but I told you so. Prices of motor-vehicle insurance rose 20.3% in December from the same time last year, the biggest jump since 1976. This was the 16th straight month of annual gains exceeding 10%. The article sites inflation and the cost to repair newer automobiles; But the other drivers (no pun intended) are the larger jury verdicts and litigation. I have heard some markets are cutting back their capacity for large fleets and in South Florida. Risk section will be a priority. Are you comfortable with the state of your fleet risk management program going into 2024? I can help. https://lnkd.in/eddcvCiu #StormReport #automobileinsurance #propertycasualty

Marsh's Zoe Parkes and Alistair Schuberth were joined by Keoghs to discuss the risks involved when managing the movement of commercial vehicles around yards and other closed premises. Watch the latest Virtual Fleet Forum webinar recording: https://bit.ly/3Sn38b2 #Transportation #Insurance

Insurance is a complicated beast. There are hundreds of policy types, countless carriers, and new agents appearing every minute. Consumers want the best coverage at the lowest possible price. Two things that rarely go together in the insurance world. The reality is most #business owners are comfortable somewhere in the middle. Finding that middle is where an experienced risk manager can help you. We know the market and want to learn your operation. Teach me the ins and outs of your operation and I will gladly help you find that middle ground. #KISS #mississippi #gulfcoast #relationships

Risk models can mute rising volatility, says Verisk "We just need to stick to the data." Bernhard Reinhardt, Verisk Read the full article here: https://ow.ly/mfeQ50Q03aJ #Verisk #Risk #Insurance #Reinsurance #Global #BadenBaden