CHOOSING A COMMERCIAL INSURANCE BROKER

April 15, 2018

Selecting a commercial insurance broker is a decision that can have a meaningful impact on the bottom line, but the process can be di¬cult to manage. To make the best choice possible, Marsh & McLennan Insurance Agency LLC (MMA) recommends that a company has a complete understanding of the process when seeking to evaluate or change brokers.

Spotlight

Midwestern Insurance Alliance

Formed in 1960, Midwestern Insurance Alliance operates as a managing general agency providing workers' compensation coverage. Unlike insurance agencies or brokers that sell insurance coverage, managing general agencies, such as Midwestern Insurance Alliance, are authorized by insurers to bind risks. Midwestern Insurance Alliance performs underwriting, claims management and loss control in-house. Midwestern Insurance Alliance provides workers' compensation and specializes in several industry niches. Transportation, wood products and recycling are key business targets however a wide variety workers comp class codes can be written in several states. See midwesterninsurance.com for state specific program information. Midwestern has a strong management team, proven expertise in underwriting and claims handling, and a customer-focused culture.

OTHER WHITEPAPERS
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Streamlining the Automotive Claims Process via Integrated Intelligent Automation

whitePaper | November 21, 2019

As intelligent automation (IA) emerges as a best practice across numerous industries, insurers and technology service providers alike are racing to build out use cases for IA that streamline the various stages of an automotive insurance claim. While automation cannot be viewed as an isolated lever or standalone solution to bring efficiency and cost savings, when IA integrates with other channels, technologies and platforms, it unleashes its full potential.

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Munich Re Global Cyber Risk and Insurance Survey 2022

whitePaper | May 20, 2022

Anticipating the risks of tomorrow is embedded in our DNA at Munich Re, which is why we have been involved in managing cyber risk from the first moment it became a consideration - and continue to keep pace with its lightning-fast development. As the challenges this risk class poses to the global economy grow, we, and the insurance industry as a whole, need to provide proper solutions capable of addressing risk capacity and sustainability for this line of business. The numbers clearly show that the need for cyber security and insurance is increasing steadily: Munich Re estimates global cyber premiums to be $9.2 billion (beginning of 2022) and expects that they will reach approximately $22 billion by 2025. Given the ever-increasing frequency and severity of cyber-attacks, our survey reveals that the insurance gap is disproportionately high. And the mismatch between risk awareness and implementation of protection measures and the need for more capacity for larger risks remains a real challenge in what is an increasingly difficult environment for the entire insurance industry.

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Finance transformation projects in insurance

whitePaper | May 4, 2022

A small percentage of insurers have already started their finance transformation journey and doubtless others will begin the journey in the coming years. This white paper sheds light on ten factors driving the need for finance transformation within insurance and how to ensure a smooth transition.

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Automating for End-to-End Claims Processing

whitePaper | May 3, 2022

The insurance industry is no stranger to technological change, whether it was forced to change or inspired by grander visions. For decades, the insurers that led the industry ranked as some of the most technologically innovative operations in the world. But the exact technologies that used to showcase the C-suite’s willingness to adopt cuttingedge solutions are now holding them back.

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Expecting The Unexpected: Australia’s preparation for financial uncertainty

whitePaper | March 15, 2023

For the seventh consecutive year, NobleOak has commissioned research into Australia’s life insurance industry. The goal? To better understand the forces shaping consumer demand in a rapidly evolving sector. Why? Because we hope our findings can help improve the customer experience and the value that Australians receive from products within the life insurance industry.

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7 Questions to Ask Before Designing Your Insurance

whitePaper | January 14, 2020

After months of strategy and budget meetings, you’ve got the green light – it’s time to begin building your company’s quality assurance program. But are you prepared for the realities of the creation process? Can you address the inevitable questions and setbacks as they appear?

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Spotlight

Midwestern Insurance Alliance

Formed in 1960, Midwestern Insurance Alliance operates as a managing general agency providing workers' compensation coverage. Unlike insurance agencies or brokers that sell insurance coverage, managing general agencies, such as Midwestern Insurance Alliance, are authorized by insurers to bind risks. Midwestern Insurance Alliance performs underwriting, claims management and loss control in-house. Midwestern Insurance Alliance provides workers' compensation and specializes in several industry niches. Transportation, wood products and recycling are key business targets however a wide variety workers comp class codes can be written in several states. See midwesterninsurance.com for state specific program information. Midwestern has a strong management team, proven expertise in underwriting and claims handling, and a customer-focused culture.

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