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Insurance

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Going global requires attention to details

Article Abstract:

US insurance firms should consider expanding internationally to capture a slice of the growing global market. Insurance business is expanding rapidly around the world, and those firms with enough capital to form their own global network will find plenty of opportunity. About 96% of those US firms that are exporting products or services are small- to medium-sized firms. Insurance companies that are considering international operations must deal with cultural differences, licensing, staffing and other special problems as they expand.

Foreign operations

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Underwriters should form industry advocacy groups

Article Abstract:

Insurance companies can add value to their business and help defray the costs of insurance claims overall by seeking to prevent problems before they occur. This is best exemplified by insurance industry's role in expanding seatbelt regulations, child restraint laws, and the recent battle over high technology theft. By partnering with consumer groups and their corporate clients, insurers can improve their clients' lives while reducing their own risk in coverage.

Political activity

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Refueling industry means refining outreach efforts

Article Abstract:

Insurance companies need to continue to attract promising employees by recruiting college graduates. Although the industry has been experiencing a growth wave in employment during the past several years, college graduates can help companies pursue new lines with technological expertise and knowledge. As internetworking sales opportunities open up for the industry, such recruits will be in a prime position to expand sales.

Human resource management

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