Size matters, according to a new report on the insurance brokerage market by Advisen Ltd. As a result, the frenetic pace of consolidation in the brokerage sector will be only temporarily slowed by the global economic recession.
“Large brokers enjoy certain advantages of scope and scale,” said John Molka III, the author of the report. “At [...]
AQS, Inc., a provider of policy administration systems for property/casualty insurance, and FirstBest® Systems, Inc., developer of advanced Underwriting Management Systems(TM) (UMS) that enable property and casualty (P&C) insurance carriers to profit from better underwriting, have announced a strategic alliance to deliver AQS’ comprehensive rating and policy administration system with FirstBest’s agent portal and underwriting [...]
ProspX, Inc., the leader in on-demand sales collaboration and automation solutions for the commercial insurance industry, today announced that INSURICA Insurance Management Network, formerly North America Group, has selected the ProspX platform to further support the launch of its new branding and positioning campaign. By networking core industries and disciplines together and enabling easy collaboration [...]
The Medicaid market could be the silver lining in the economic storm cloud that has settled over health plan enrollment in the U.S. according to research conducted by Mark Farrah Associates (MFA), a leading provider of market data and intelligence solutions. Faced with increased unemployment and a continued decline in the employer-sponsored healthcare market, major [...]
ACE Westchester, the U.S.-based wholesale-focused property and casualty operation of the ACE Group, today introduced a new product line, providing coverage and services for hazardous material (hazmat) and hazardous waste transporters. Underwriting will be based in Philadelphia and Roger Murphy, Assistant Vice President, has been appointed to lead these efforts, reporting to Barbara Deas, Senior [...]
Indian Payment Card Market Forecast to 2012” states that with changing consumer spending patterns and growing income levels, the Indian payment card market, which includes both credit cards and debit cards, has expanded rapidly in the recent years. For instance, the number of debit cards issued by banks more than doubled between FY 2006 to [...]
Senior Market Sales, Inc., a leading independent marketing organization (IMO), has partnered with Brown and Brown of California, Inc., dba CalSurance, to offer Errors & Omissions insurance for agents at significantly discounted rates. The initial open enrollment period launched Feb. 2, 2009. Insurance agents who are contracted with Senior Market Sales can now enroll for [...]
Hannover Re has again transferred a portfolio of life and annuity reinsurance to the international capital market. The transaction – designated “L7″ – encompasses a financing volume of EUR 100 million and covers unit-linked life and annuity business of several European clients.
This transfer enables Hannover Re to convert a future earnings steam into a current [...]
Misys plc the global application software and services company and the leading international banking software provider in Russia, announces that OJSC Alfa Bank Moscow (Alfa Bank), the largest private bank in Russia, has extended its relationship with Misys until at least 2020.
Alfa Bank is expanding its operations throughout Eastern Russia and is underpinning its [...]
AXA Equitable Life Insurance Company announced results of an October 2008 study that revealed the consumer attitudes and behaviors of Americans have shifted rather dramatically in the past six months. Among the most notable results, almost eight in 10 of those polled (78%) ranked income guarantees as a top financial priority, up 16 percentage points [...]
