Pinnacle Actuarial Resources, Inc.’s Post

On this episode of 3 Insights, we’re joined by Lauren Bartkowiak, a Senior Equipment Breakdown Underwriter as she unpacks the importance of equipment breakdown insurance and what tools Vero offers to help you educate your clients. Watch 3 Insights with Lauren Bartkowiak, presented by Vero.

On this episode of 3 Insights, we’re joined by Lauren Bartkowiak, a Senior Equipment Breakdown Underwriter as she unpacks the importance of equipment breakdown insurance and what tools Vero offers to help you educate your clients. Watch 3 Insights with Lauren Bartkowiak, presented by Vero.

Delighted to speak at another national AIRMIC conference to a full house, with Richard Cutcher, the master moderator in the Chair. Here are 10 "takeaways" from the session: 1. 'Captives going mainstream' refers to captives being formed 'onshore' in France, Italy, Germany and potentially the UK. The USA has been doing it for decades already. 2. 'Mainstream' is a validation of captive insurers and explodes the myth that they are set up for tax reasons and benefits - at last! 3. It's a spur to captive formation and utilisation. There are over 6,000 captives in 66 domiciles worldwide. Onshore growth has been 11% whilst offshore growth has been 28% (2023). Guernsey remains the biggest captive domicile in Europe ahead of Luxembourg. 4. The UK election and a prospective Labour government may delay the development of the UK as a domicile for captives although Caroline Wagstaff, CEO of the London Market Group is working hard to make it happen asap. 5. Guernsey helps FTSE 100 captive owners save more than £100m in costs and Guernsey's finance sector as a whole channels over £57 billion of investment into the UK (source: Frontier Economics) 6. Risk managers with captive efficient insurance programmes achieve capital and cost efficiencies. By putting captives at the heart of the insurance value chain risk managers reduce expense ratios, acquisition costs and the leakage of underwriting profits. 7. Captives have evolved from risk retention vehicles (deductible infillers) to risk traders and reinsurance buyers - a "paradigm shift". They operate at higher attachment points, as whole account quota share coinsurers, or for specific problem risks such as Cyber, Wildfire, third party risks, typically classes where the commercial market has been difficult or unreliable. 8. Captives bring capital and risk together efficiently e.g. the JPMorgan protection of Lloyd's Central Fund through Aon's White Rock ICC in Guernsey 9. Captives are being used for pensions, both to de-risk corporate balance sheets and to provide more capital efficient solutions to the provision of company pension schemes. 10. Access to captive solutions has never been easier e.g. Guernsey's fast-track pre-authorisation regime for regulated captive cells. What next - "Captive in a box" provided by an AI powered digital platform? #AIRMIC #guernseyfinance #GIBA #GIIA #AON Malcolm Cutts-Watson Rupert Pleasant Stephanie Glover

Meet Kaylee Pizzano, CLCS, our #MarshMMA Associate Vice President of the Arizona Business Insurance team! Her commitment to understanding the unique needs of each organization that she works with sets her apart, ensuring tailored solutions and peace of mind for our value partners. Learn more about Kaylee here.

https://lnkd.in/erRDXiDk I, and many others, get lots of questions on Ardonagh. I've always thought some of the press didn't reflect the reality of working here, as articles focussed rather more on perceived turmoil than the good stuff that's been going on. If you have the time, I'd have a listen to this as Ant Erotocritou, Ardonagh Specialty's CEO, explains some history, some context and some of the vision (including, talent, M&A and interest rate rise commentary). As with any business, there will always be details to sort out; but if you want to find out a bit more about what goes on over here, click the link to The Voice of Insurance. As always, happy to answer any questions I can, as candidly as I can, for my team's bit of the business.

On a recent Conversations on the Creek episode, Duck Creek Technologies asked Matthew Morgan, the Co-Founder and COO of Argyle Insurance: "Why work with the brokers and partner with them?" Matt's response was: "The single biggest factor we know as humans is that we still seek the comfort, and we still seek the reinsurance of human connection and human advice. It's just fundamental to who we are; it's fundamental to what we're about." Watch the full episode on our website: https://lnkd.in/eNr-QgbT

In the insurance catastrophe claims industry, adjusters have a lot of options from what kind of claims they want to handle, to which IA firm they want to partner with. So why choose Crawford CAT? Instead of just telling you, hear from some of our adjusters about their favorite part of deployment with CAT: • “The help and support were amazing.” • “Assisting insureds in a time of need and working with the best team in the industry.” • “The support system was very helpful and knowledgeable.” Explore the #CrawfordCAT difference today: https://bit.ly/3JzPRqd

Mark Your Calendars! Property Casualty 360 Webinar on How to Capitalize on Innovation in Small Commercial to Improve Profitability

See beyond change and embrace the opportunities that come with it. Change is only a challenge when you are not prepared.

Just dove into the deep waters of understanding hull casualty costs in our latest blog post! 🚢💰 Here are the 5 key questions we've tackled: 1️⃣ What are the current trends in hull casualty costs? In 2022, for instance, we saw record-low major losses in hull insurance, despite an increase in the size and complexity of vessels. 2️⃣ What factors contribute to the increased hull casualty costs claims? 3️⃣ What factors influence the frequency of hull casualty incidents? 4️⃣ What are the challenges on hull casualty costs? 5️⃣ As a claims handler, what are the strategies to manage low spend on hull claims? Whether you're a shipowner, operator, or claims handler, this comprehensive guide will arm you with the necessary knowledge to sail smoothly through the complexities of hull casualty costs. Read it here: https://lnkd.in/du3CrXDR #HullClaimsTrends #maritimeCasualties #HullRepair #MaritimeCosts #ShippingIndustry #RiskManagement #HullInsurance