America’s heavy freight network is instrumental in the supply of goods and services. Like other forms of transport, heavy freight, otherwise known as trucking, connects our nation on more than one level.

To ensure our organization is best positioned to evolve with the needs of the carrier marketplace, we are delighted to share the appointment of Joe Berrios as Managing Director, Carrier Practice, effective immediately.

In parallel with core Origami software feature sets, we leverage our claims expertise and internal data science resources to integrate select proprietary computing tools into our LUMINOS RMIS product suite.

Here at Gallagher Bassett, we acknowledge the ever-evolving risks associated with the construction industry. In this environment, it is critical for contractors and developers to invest in risk-management resources and promote a culture of loss prevention and safety. Doing so effectively can help drive down a company’s TCOR and create opportunities to secure the insurance solutions that meet their unique project needs by aligning long-term partnerships with service providers.

Working with successful risk management professionals, we have identified that data is one of the keys to managing the cost of risk. In line with our goal of continually evaluating client, carrier, and broker risk-data management, LUMINOS has been designed to deliver the most robust RMIS tool suit available in the bundled TPA market.

We are committed to developing talent, establishing systems to support emerging technologies, and creating an innovative culture within the team that will ensure that our workplace is one where people want to be.

But what kind of data should be analyzed to help you expand your organizational risk program awareness?

It has been interesting to see the various impacts COVID-19 has had on claim frequency and severity across industries, which has led to program partners seeking consultation to help predict post-pandemic claim volumes and plan for new program development. 

Back in 2010, I remember hearing at the global CPCU designation conferment that 400,000 open jobs were forecasted to be available in the year 2020. This seemed almost inconceivable at the time, but we now realize that the talent crunch, which has been exacerbated by the pandemic, is more severe than the industry could have predicted. As more senior professionals begin to retire in what’s being called the “Silver Tsunami,” the whole industry needs to address the aging demographic and ensure they’re offering compelling employee propositions to draw in new talent.

Protecting employees, properties, and enterprise brands is essential to reducing claim frequency, severity, and total cost of risk (TCOR). When paired with our superior claims management service, LUMINOS delivers industry-leading RMIS loss control functionality to all partners.

As we make our way to the end of 2022, it’s a good chance to reflect on the tangible expressions of how we are living our values.

Joe Berrios and Rob Blasio sat down with Insurance Business Talk to discuss the challenges and opportunities facing Program Administrators and MGAs. Listen to the podcast to discover tips for overcoming the biggest industry challenges and learn how to stand out from the competition.