Use strategic partnerships to increase selling options
Article Abstract:
Insurance companies can benefit from forging strategic relationships with other financial service institutions. The majority of insurers are losing market share to their competitors because they have failed to utilize new technological customer interfaces and adapt their marketing and distribution strategies to the rise of computer literacy. Financial institutions can offer insurers expertise regarding how to position technology to compliment existing distribution methods and insurers can offer banks and mutual funds access to their underwriting expertise and their developed products.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Taking the measure of Lloyd's
Article Abstract:
'Lloyd's' is a society of corporate and individual members that provide capital to back the underwriting liabilities of its syndicates. If a member fails to meet its syndicate's underwriting liabilities, a chain of security is activated to provide the capital required to meet the underwriting liabilities of all policies issued by the syndicate. The marketwide rating received by Lloyd's reflects the organization's outstanding market position and strong capitalization and liquidity.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Promise or peril? Leaving surplus lines out in the cold. The redlining fire continues to burn
- Abstracts: Merger mania - reinsurance repercussions. Treating the agony of assumptions
- Abstracts: Program business delivers custom made market. Selling to America's rainbow. Following the leaders
- Abstracts: Going global requires attention to details. Refueling industry means refining outreach efforts. Underwriters should form industry advocacy groups
- Abstracts: CD-ROM's business use is music to agents' ears. Tap the Internet's endless supply of information. Peeking into insurance's online future