From Live to Legacy: Four Ways to Optimize Underperforming Portfolios
Q: At this year’s CPCU Society Leadership Summit, what did insurance carrier executives say are the main challenges facing the industry?
The insurance industry’s regulatory environment is complex, ever-changing, and difficult to navigate, but staying on top of risk governance and regulatory obligations is our job. Through our Carrier Practice, our partners entrust Gallagher Bassett in a host of highly nuanced regulatory and risk industries to ensure that the burden of maintaining compliance doesn’t rest solely on their shoulders.
With our dedicated Carrier Practice compliance team, you can act with confidence knowing we have the power and expertise needed to keep pace with the constantly evolving regulatory landscape. With our team on the case, you can focus on the strategies that will advance your business while we deliver best-in-class protection, enhancements, and opportunities.
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.
Utilizing remote technology to accommodate experts across the country, Gallagher Bassett has put together units that have extensive claims experience in both international and Defense Base Act claims handling. Our multi-lingual staff has over 150 years combined industry experience, with 70+ years handling DBA.
For 60 years Gallagher Bassett has successfully partnered with the industry’s most reputable program administrators, captive managers and insurance carriers. GB’s Carrier Practice was created with one goal in mind – address the unique challenges facing today’s claim leadership teams through partnered operating models that deliver superior results.
Few Third-Party Administrators have the resources or expertise to conquer those challenges, including those created by work-related injuries from a multi-national workforce. In response, Gallagher Bassett has assembled experienced units with the specialized resources and the expertise needed to address the associated risks.
Discover new opportunities to drive business productivity, growth and expansion.
We understand that carriers are under pressure to grow profitably, continuously develop products, expand in markets, delight customers, and keep pace with technology.
The growing reliance the U.S. Government has placed upon civilian support has created a unique set of challenges for Contractors working overseas in hazardous zones…
For 60 years Gallagher Bassett has successfully partnered with the industry’s most reputable
program administrators, captive managers and insurance carriers. GB’s Carrier Practice was…
The growing reliance the U.S. Government has placed upon civilian support has created a unique set of challenges for Contractors working overseas in hazardous zones. Few Third Party Administrators have…
Within a dynamic insurance marketplace, the ability to continuously develop products, expand in markets, delight customers and keep pace…
Defense Base Act (DBA) niche coverage offers statutory federal Workers’ Compensation and Employer’s Liability Insurance to US Government contractors working outside of the country. Delivering claims management and administration support, GB’s Federal Act knowledge and expertise was critical to ensure a seamless and relevant approach. Now established as a market leader in the Federal Acts niche, GB continues to help their client grow its DBA profit and portfolio by actively training and providing a dedicated talent pool of DBA claims experts, suited for a tightly regulated and highly competitive market.
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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