Abstracts » Insurance

Following business abroad

Article Abstract:

Insurance corporations are acquiring market shares on foreign shores in response to the opportunity of regulatory liberalization around the world. These insurers are advised to develop a reputation for local expertise and knowledge, and are encouraged to establish a presence in the countries where their clients set up operations to develop a strong bond with these clients, thereby contributing to effective global expansion. Companies must then focus on building economics within the group by cross-selling services and products and fusing backoffice functions upon creating a strong global image.

Foreign operations

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Succeeding in the competitive commercial lines marketplace

Article Abstract:

Several factors contribute to the success of commercial lines insurance agents and writers. Underwriters and agents need to think and act like owners of a successful small business. They are also urged to respond to customers' needs in a timely fashion. Moreover, an insurance firm's organization should effectively manage loss costs and bring about a competitive cost structure to enable underwriters and agents to adapt to market conditions.

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Will the industry speak one language in future?

Article Abstract:

The American Assn of Managing General Agents (AAMGA) and others within the insurance industry believe that the flow of insurance information can best be streamlined by developing a standard insurance form. Such a form could be used to communicate information electronically. The AAMGA is developing a draft document that it will submit for review by a variety of insurance entities.

Professional Organizations, Professional Organizations NEC, Standards, Trade and professional associations, Professional associations, Trade associations, Data communications, Telecommunications transmission technologies, Insurance policies, American Association of Managing General Agents

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