Allianz's Russell: Program Growth Outpacing Commercial Market
Jack Russell, head of broker distribution and program sales, Allianz North America, estimates that the program business sector is growing at about three times the rate of the broader commercial insurance sector.
Attorney: After a Cyber Breach, Keep Calm, Speak Only When Ready
Gregory Bautista, partner, Wilson Elser, said organizations that fall victim to a cyber breach can add to their troubles if they communicate too much too soon.
Brownyard Chairman: New Tools Help Fight Distracted Driving
Bryan Brownyard, chairman, Brownyard Group, said insurers are using a growing range of electronic and physical solutions to prevent distracted driving, but it remains a huge problem for insurers of commercial vehicles.
Glatfelter's Solari: Streamlining Questions Helps Grow Cyber Cover
John Solari, president, Glatfelter Underwriting Services, said a competitive review showed that some offerings were asking for more detail than might be necessary.
Great American's Suter: Programs Can Be Hurt by Carrier Issues
Richard Suter, senior vice president, Great American Insurance Group, said even successful insurance programs can fall victim to problems in other parts of the carrier's organization.
Insurers See Profitable — but Shifting — Program Sector
Attendees to Target Markets Program Administrators Association's 2017 Mid-Year Meeting in Washington said the sector remains profitable and attractive, but that opportunities are emerging within the sector as program managers shift carrier relationships.
Munich Re's Curcio: In Programs, It's Customers First, Automation Next
Jimmy Curcio, vice president, Munich Re America, said solid insurance programs begin with understanding needs and buying behaviors, then building processes to accommodate those.
Zurich's Davis: To Cut Your Cyber Exposure, Train Your People
Erica Davis, senior vice president, Zurich North America, said up to 80% of small businesses questioned believe human elements are a major part of cyber exposures, but only a fraction provide relevant employee training.