Carriers are under pressure to grow profitably which can be a challenge due to the high fixed operational costs associated with maintaining an in-house claims function. However, it is possible to redeploy your capital toward the expansion and growth of your business by streamlining your cost structure through a strategic partnership with Gallagher Bassett.
Our dedicated Carrier Practice is a cost-effective solution that can flex with the ebbs and flows of your business.
We deliver complete claims management solutions aligned to your specific goals for enhanced operational efficiency and focused scalability freeing up capital to fuel growth.
Why not tap into Gallagher Bassett’s specialized carrier expertise, talent pool, and performance tools to grow and expand in line with your strategic objectives.
Increase your profitability through the superior outcomes powered by Gallagher Bassett’s best-practice claims management and cost containment strategies, which will:
We understand that carriers are under pressure to grow profitably, continuously develop products, expand in markets, delight customers, and keep pace with technology. Explore our solution and services today.
In times of uncertainty, insurance carriers can remain resilient and continue to grow by stabilizing, reimaging, and transforming their operations.
Gallagher Bassett’s specialist carrier team shares its advice to meet and exceed the challenges and expectations of an evolving insurance industry. Explore five challenges and how to meet them head on.
Discover our tailored approach to meet the priorities of mutual and mid-market carriers.
Discover new opportunities to drive business productivity, growth and expansion.
A mutual carrier was leveraging various TPAs to handle claims outside of its core footprint in an effort to hasten profitable growth. The carrier was able to compete on a national scale by leveraging GB’s footprint, expertise, and technology. They streamlined oversight by using fewer TPAs and GBs RMIS to easily see and monitor results while being confident GB was delivering an excellent customer experience.
Read how collaborating as partners, claims volume handled by GB for this mutual carrier client increased from hundreds in a few states in one LOB to a national presence in both Workers’ Compensation and Commercial Automobile Liability. This partnership facilitated growth of a differentiated product in a competitive landscape.
Now established as a market leader in the Federal Acts niche, GB continues to help clients grow their Federal Lines profit and portfolios by actively providing a dedicated talent pool of expertly trained claims professionals, suited for a tightly regulated and highly competitive market.
In this unique situation, we partnered with a carrier to fill a gap in coverage for international and federal workers while working abroad. Learn how GB’s Federal capabilities were critical to ensure a seamless and relevant approach enabling the carrier to satisfy policyholders and fuel growth.
Q: At this year’s CPCU Society Leadership Summit, what did insurance carrier executives say are the main challenges facing the industry?
Robust, creative, and strategic planning is paramount for long-term success in the mutual insurance industry. At a time when NAMIC has revealed the sector faces increasing pressures from reinsurance factors, it has never been more important for carriers to take proactive steps to grow, balance capital constraints, and transform their businesses.
The insurance industry is dynamic with new risks emerging as well as the strategies organizations develop to mitigate them, but within the captive industry, these risks and the unique challenges captives face require specific solutions to address them.
In today’s highly competitive carrier landscape, organizations encounter a wide variety of challenges when it comes to enhancing their talent management strategies, mitigating turnover, and attracting new talent. Joe Berrios, Managing Director — Carrier Practice, shares a few of Gallagher Bassett’s (GB) key talent initiatives aimed at cultivating a workforce that excels in delivering service excellence and superior claims results to our carrier partners.
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