GLG News by US P&C Insurance Pricing Trend Experts

While a long tradition exists for bancassurance in many developed countries to the extent that it has become a predominant distribution vehicle, given the relatively low penetration in emerging markets, bancassurance will likely experience substantial development in the next decade.

Most emerging or developing markets exhibit per-capita insurance spends of well below those experienced in Western markets. Looking at Europe, the Russian Federation has the absolute potential to become the largest market in the next ten years were it to achieve just the insurance spending levels of...

Recent suggestions that the ABX index is a poor proxy for AAA subprime RMBS fail to recognise its value.

With mixed results on the brokerage side, what areas are analysts probing as we head into a potentially prolonged soft market?

How hard could it be to start an insurance agency and make it profitable?Would it be wiser to learn first under mentors?

The growth of bancassurance is underway in many parts of the world, although still in limited sectors and product lines . In the United States, it's growth and success will depend on the markets ability to expand and improve the product line and distribution channels.

Insurers and Agencies must change their marketing philosophies and evolve into high volume insurance retailers, not only to grow but survive.

With the majority of carriers filing for rate decreases nationally, this proves to be a great time for the customer, insurer and agency.How can the carriers do it? What happens to those few carriers who refuse to follow the current market trend and adjust their business plans?

Staff will do all they can to ensure the growth and profitability of agency in which they have a vested, financial interest. Staff whom have such a benefit will stay longer as most competing agencies (meaning those competing for experienced insurance professionals) do not offer lucrative benefit packages...

I am in the middle on the author's comment and the response.  Those are both great points. However, the big concern here is bid rigging.