A.M.BestTV: Study Shows Commercial Insurers Draw Mixed Reviews

OLDWICK, N.J.--()--This A.M.BestTV episode looks at a new study that found risk managers favored commercial insurers that offer flexible coverages and identified emerging risks. Insurers with frequent client interaction scored best.

Tim Bebout, commercial insurance practice leader at J.D. Power, discussed the survey that was conducted by J.D. Power and Risk and Insurance Management Society, Inc., which examined the performance of large business commercial insurers and brokers, and highlights best practices that are critical to satisfying large business insurance customers.

“Primarily it was to find out one of the key areas that companies and brokers should really focus on if they really want to satisfy their customers—the risk professionals, ” said Bebout.

“The questions were geared toward what is critical to you as a risk professional in terms of buying your insurance coverage,” said Bebout. “What types of coverages—property, workers’ compensation and automobile, are they meeting your needs in terms of risk that you had? Questions such as whether or not you felt like the broker interacted with you often throughout the policy period, and did they provide you guidance on what types of coverages you might need to buy to match your risk?”

Click here to view the entire video program: http://www.ambest.com/v.asp?v=bebout215.

Recent episodes of A.M.BestTV include:

  • Disabled Veterans Prep for Business’ ‘Best Kept Secret’: A program by the Disabled Veterans Insurance Careers (DVIC), which offers disabled military veterans (vets) job training, opportunities and the prospect of joining the insurance industry. This program is considered by some to be the “best kept secret in the business world.” http://www.ambest.com/v.asp?v=vets215.
  • Risk and Insurance Management Society, Inc. Property/Casualty Insurers Take Small Steps Toward Health Distribution: Experts discussed the potential for property/casualty insurers to cross sector lines into the health care arena, and if so, whether that entry could be at the underwriting level or would it be limited to distribution channels:http://www.ambest.com/v.asp?v=pchealth215.
  • Leading Analysts Discuss Global Economy; State of Russia Insurance Industry; Persisting Losses at U.S. Co-Ops: The latest episode of “First Monday” looks at global economic divergence, tough operating conditions for Russian insurers and the financial viability of U.S. health co-ops: http://www.ambest.com/v.asp?v=firstmonday215.
  • 2014 Was a Surprising Year for Natural Catastrophes: The recent storms in Japan, Belgium, Germany and the United States, top the list of 2014’s largest insured losses, according to a reinsurer’s new report. Additionally, a series of winter storms drove up claims, with the most damaging storm being in India: http://www.ambest.com/v.asp?v=cats115.

A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at http://www.ambest.tv.

A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Contacts

A.M. Best Company
Lee McDonald, 908-439-2200, ext. 5561
Group Vice President, Publication and News Services
lee.mcdonald@ambest.com

Contacts

A.M. Best Company
Lee McDonald, 908-439-2200, ext. 5561
Group Vice President, Publication and News Services
lee.mcdonald@ambest.com