Study Group: Domestic Business Insurance Brokers
Council Members in this Study Group: 208
This study group may include experts knowledgeable on commercial banking, retail banking, asset management, mortgages, consumer finance, exchanges, capital markets, transaction processing, credit cards, insurance, and business services.
Contact Gerson Lehrman Group to survey or consult with members of this Study Group
Leading institutions connect with members of this Study Group through GLG
Leading Experts in this Study Group
- Joseph Delaney
Managing Partner
Hilb Rogal and Hobbs of Metropolitan Washington, Inc.
Joseph Delaney is a Managing Partner at Willis HRH of Metropolitan Washington, D.C., a brokerage which places general and specialty insurance (including property/casualty, aviation, and employee benefits) with major underwriters on behalf of its targeted...
- James Ward
President and Chief Executive Officer
InGenuity GroupJames Ward is the President and Chief Executive Officer of Ingenuity Group, an independent Commercial Insurance Agency, Employee Benefits, and Risk Management firm. He is a Licensed Insurance Counselor (LIC), General Agent & Broker for Small & Middle...
GLG NewsSM Analyses by this Study Group's Leading Experts(?)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
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April 22, 2008
Analysis by: Joseph Delaney, Managing Partner,Insurers Overly Focused On Cat Models, Says Expert | www.propertyandcasualtyinsurancenews.com
Primary insurers and reinsurers will demand that catastrophic modeling be used in order to justify their underwriting decisions of this type of insurance. These newer models in conjunction with in-house capacity aggregation tools (Insurers now know where and how much of their capacity is in play) will guide their underwriting decisions from windstorm and earthquake to workers compensation in terrorism prone cities like DC and NYC. The process is another way to spread the risk, so that any one insurer does not take a huge hit from any one event. Using technology to spread risk will utimately decrease volatility in insurance markets.
Members in this Study Group include these company types:
- Regional Brokerage
- Global/National Brokerage
- Independent Brokerage
- Risk Management Consulting
- Insurance Consulting Firm
- Insurance Company
Members in this Study Group often have these job titles:
- Director
- Account Executive
- President
- Chief Executive Officer
- Account Manager
- Consultant
- VP Client Services
- Business Development Manager
- Senior Account Executive