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How to Get a Seat at the Reinsurance Table
Unfortunately, but correctly so, the current reinsurance market has been compared to a game of musical chairs. The effects of secondary perils of the past five years have created a shortage of reinsurance capacity across the globe. The number of seats is limited, everyone is searching for a seat with a reinsurer. When the music…
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Are You Managing your TIV Aggregation?
Insurers are often overwhelmed when managing their Total insurable value (TIV) aggregation. This issue leads insurers to accumulate excessive exposure in concentrated areas. Legacy software was not designed to capture this exposure, and manual processes are not consistently updated. An insurance company could be lacking protection to risk from catastrophes far beyond their means. Reinsurance…
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To Merge or Not to Merge
To Merge or Not to Merge ‘Tis the Question’? Market stress is forcing smaller mutual insurance companies to look at potential affiliations and mergers as they struggle to place their reinsurance. Some mutuals feel there are no options except a merger, but this is not the case. What are the pros? A merger can be…
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Who Is Mutual Underwriters?
Who is Mutual Underwriters? Mutual Underwriters is a reinsurance MGU and administrative services company supporting reinsurance and/or operations with a primary focus on working with mutual insurance companies. We are operated by former mutual managers and executives. Reinsurance MGU, what does this mean? We have full underwriting authority to issue contracts of reinsurance on behalf…
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Top 5 ways your small insurance company can compete with large companies
Top 5 ways your small insurance company can compete with large companies In today’s insurance market with over saturation, high interest rates and over sized generic carriers it can be hard, as a smaller insurer, to stand out in the crowd. In order to compete it is important to stand out. So here are the…
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Technology Helps the Modern Underwriter
Technology helps the Modern Underwriter Technology advancements over the past decade have dramatically changed the way many insurance companies run. The insurance industry has been a leader in using new technology to analyze data helping to make more accurate claims predictions and drive better risk selection. By looking at claims and gauging hundreds of risk…