Insurance carriers now a days are a joke. They offer less insurance protection for more premium. Also, they shy away from the bigger risks like transportation and then the higher risk accounts are forced to create their own captives or obtain alternative risk transfer methods.
There is still a lot of risk in the world, carriers need to be more willing to take it on.
Excuse me saying, however, where the hell have you been in the last 50 years!!!!!!????
Comments from the “Old One”, however, still appropriate…
Somehow I fear you are ill informed and obviously approaching the wrong Intermediaries and Carriers and Reinsurers…..The capacity in the Market place (Global)is overflowing, rates are down yet the underwriting Lines/Participations are growing…..
“Ostrich” and head buried in the sands seems more appropriate in the context of your comments….I base my own on facts and figures and current Global status!!!!
We can agree to disagree. However, I don’t take back my comments. Yes, there is less coverage for more premium on the personal lines side.
On the commercial lines side, many national carriers are less willing to take on large risks. These carriers are the ones that move the needle in the industry. They all want to fight over the same scraps. Meanwhile, they still haven’t figured out how to move away from their antiquated legacy systems nor how to streamline insurance applications.
Insurance carriers now a days are a joke. They offer less insurance protection for more premium. Also, they shy away from the bigger risks like transportation and then the higher risk accounts are forced to create their own captives or obtain alternative risk transfer methods.
There is still a lot of risk in the world, carriers need to be more willing to take it on.
Excuse me saying, however, where the hell have you been in the last 50 years!!!!!!????
Comments from the “Old One”, however, still appropriate…
Somehow I fear you are ill informed and obviously approaching the wrong Intermediaries and Carriers and Reinsurers…..The capacity in the Market place (Global)is overflowing, rates are down yet the underwriting Lines/Participations are growing…..
“Ostrich” and head buried in the sands seems more appropriate in the context of your comments….I base my own on facts and figures and current Global status!!!!
We can agree to disagree. However, I don’t take back my comments. Yes, there is less coverage for more premium on the personal lines side.
On the commercial lines side, many national carriers are less willing to take on large risks. These carriers are the ones that move the needle in the industry. They all want to fight over the same scraps. Meanwhile, they still haven’t figured out how to move away from their antiquated legacy systems nor how to streamline insurance applications.