Ryan's hope: change and more change

Article Abstract:

Dramatic changes are sweeping the insurance industry, one of which is the consolidation among brokers. Aon Chmn and CEO Patrick G. Ryan, leader of one of the largest insurance brokerage, consulting and services groups in the world, predicts that more mergers and acquisitions will be forged among the top 25 brokers. He adds that the future of insurance brokering remains bright, as it will continue to serve insurance advice and consulting needs. Ryan was bestowed by the College of Insurance with the 1997 'Insurance Leader of the Year' award.

Officials and employees, Forecasts and trends, Economic policy, Aon Corp., AOC, Insurance brokers, Ryan, Patrick G.

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Expert witness: new line for insurance agents?

Article Abstract:

Insurers should consider hiring oneself as an expert witness in cases involving health, life, and property insurance. Many cases, especially divorce cases, involve questions over insurance policies. An insurance expert can help attorneys by pointing out possible problems and challenges before they become unmanageable. Experts can also function in courtroom cases where a judge or attorney needs expert testimony concerning some aspect of insurance policies or claims.

Beliefs, opinions and attitudes, Vocational guidance, Evidence, Expert, Expert evidence, Insurance agents

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Going contingent: contingent commissions can gain value for companies and agents - if the programs are set up with the goals of both in mind

Article Abstract:

Contingent compensation arrangements or incentive commissions provided by an insurance agent always account for retention measures, market penetration of insurance products as well as loss ratios. Improvements in member retention ratios and household purchase rates of insurance products connote greater profitability. Loss ratios, on the other hand, necessitate the evaluation of incurred-but-not-reported losses, large claims and catastrophe expenses.

Usage, Accounting and auditing, Contingency fees, Business losses

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