Reinsurers should offer more than just reinsurance
Article Abstract:
Reinsurance companies need to offer more than just reinsurance to their clientele to achieve success in an increasingly competitive market. Customer service is the key to success and competitiveness in all business endeavors, and insurance companies and buyers of insurance will expect higher levels of service from reinsurers in the future. In addition to selling reinsurance, reinsurers will have to provide their clientele with strategies for buying coverage that cover all relevant risks while containing costs.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1996
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Passing gear
Article Abstract:
The reinsurance industry's business focus is on nonstandard auto insurance coverage because those policies are priced higher than that for standard private passenger cars. The goal is to make an underwriting profit. Statistics reveal that with nearly $130 billion in total premium written in 1996, auto insurance is the single largest and most profitable segment of the US property/casualty insurance industry.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
User Contributions:
Comment about this article or add new information about this topic: