Strategy
Envelop Risk Paves the Way as InsurTech Reinsurance MGA
Managing general agents for reinsurance are rare. Reinsurance MGAs that write cyber are even rarer, which is the world that Envelop Risk inhabits. "We think we're the only InsurTech firm involved in ...
MGA New Paradigm Aims to Bridge the Natural Catastrophe Protection Gap
Evan Glassman saw a gap in the property insurance market—literally. Glassman, working as a retail producer in south Florida for most of his career, realized that the insurance industry's products ...
Reinsurance Experience in Africa, Asia Sets MGA Tempo Apart
Tom Bailey, executive director of Tempo Underwriting, has a theory about what it takes to build a business based on the reinsurance MGA model. "For a reinsurance MGA to be successful and to have a ...
From ‘Blue Sky’ Thinking to Groundbreaking Risk Initiatives
Sometimes we get in our own way. We think our ideas are crazy and rationalize them away because we see too many hurdles to overcome. Before we know it, we've tossed aside an idea that could have made ...
The Challenges of Leading an InsurTech; What’s Next for RiskGenius?
Chris Cheatham believes forming partnerships with QBE and Guy Carpenter were the two biggest milestones in the history of his company, RiskGenius, so far. But was there ever a time when he thought it ...
How Insurers Can Build Trust Through Customer Advocacy
For the average insurance consumer, the arithmetic is hard to ignore: The less insurers pay in claims, the more money they make. Thus is planted the seed of a doubt that so many policyholders seem to ...
Buffett’s Berkshire Hathaway Invests in Japan’s Five Biggest Trading Firms
Berkshire Hathaway Inc has bought a 5% stake in each of Japan's five biggest trading houses, together worth over $6 billion, marking a departure for Chairman Warren Buffett as he looks beyond the ...
How to Acquire and Retain the Right Insurance Customers in a Post COVID-19 World
The impact of the COVID-19 outbreak has been devastating for the global economy, and with many countries in extended lockdown, there has been a seismic shift in customer behavior and business ...