Team Focus Insurance Group’s Post

For all of us in the #P&C #insurance industry, it's the time of year that we all do the same thing... 👀 Watch the skies. When managing risk, 🌀 CAT moratoriums are essential tools for P&C #carriers. By adhering to best practices and leveraging advanced technologies, insurers can enhance the efficiency, effectiveness, and accuracy 🎯 of their moratorium processes. Use the link below to check out the most recent blog co-authored by Team Focus Insurance Group President, Peter Crowe, for insightful 💡 information about steps insurance companies can take to not only protect their financial stability 💵, but also ensure fair treatment for #policyholders 🙋🙋♂️ - even during the rockiest of times. Best Practices for Hurricane (CAT) Moratoriums: Enhancing Efficiency and Reducing Errors with Technology - Team Focus Insurance Group https://hubs.ly/Q02HSrBS0

This article puts the spotlight on how #insurers can support #homeowners in high-risk areas through better #exposuremanagement. With the increasing frequency of #naturaldisasters, managing risk has never been more critical for homeowners #insurance providers. At Focus Technologies, we offer state-of-the-art exposure management solutions that help insurers balance their portfolios while providing continuous coverage to their customers. Our technology helps insurers assess risks accurately and take proactive steps to mitigate potential losses. #HomeownersInsurance #ExposureManagement #RiskManagement #InsurTech #Insurance https://hubs.ly/Q02GCRj20

As Hurricane Beryl cut a path across the southern Carribbean over the end of June and first part of July, meteorologists and researchers from the University at Albany, Weather Underground, University of Miami, and MIT watched the storm break with norms and perhaps set a precedent for one of the deadliest, most severe hurricane seasons since 2005 – the year of Hurricanes Katrina, Wilma, Dennis, and Rita. Especially sea surface temperatures and the presence of La Nina were cited as contributing factors, but all the experts agree, seeing a storm like Beryl form in June does not bode well for the next few months. Read more from the experts in this article from Carrier Management: https://hubs.ly/Q02GCJD10

In March 2024, an enthusiastic collection of Team Focus Insurance Group employees participated in the Lexus Corporate Run 🏃♀️🏃♂️. This is a great event as it not only promotes a healthy lifestyle - it also benefits the local community! The team recently received a package which included a plaque for being the 🏆1st Place Co-Ed Team! 🌟To qualify for this category, the top two results for a team's males and females are entered as the Co-Ed Team - and our top two took first place! 🙌Congratulations to those team members, Willie Brown, Andrew Joseph, Ashley Malarski, and Sarah McShane, and all the Team Focus Insurance Group employees who participated. 💕Thank you for representing our organization so well at such an impactful event!💖 #LexusCorporateRun #TeamFocusInsuranceGroup #WellnessInTheWorkplace #givingback #WorkplaceValues #CompanyCulture #communitysupport

The parallels between the early USA and a modern startup insurer or managing general agency (MGA) are striking. As soon as you gain some traction, you face an immediate exposure management problem. Draw inspiration from this historical example to navigate your own challenges and achieve lasting success. For insight into today’s Exposure Management and ways it can help you maximize your returns, 📣 read the full article on our website: https://hubs.ly/Q02GGtxQ0 #exposuremanagement #riskexposure #underwriting #insurance #insurancecompany #insurancecarriers #mgas #InsuranceTech #insuranceservices #AI #InsuranceSolutions #policyadministration #teamfocusinsurancegroup #focustechnologies #focusinsuranceservices

Watch and listen as @Nicolas Michellod and @Andrew Schwartz of @Celent delve into the driving forces behind the pressures and priorities of the #P&C #insurance industry in this on-demand webinar, “Dimensions: P&C Insurance IT Pressures and Priorities 2024.” This dynamic discussion covers #insurtech budgets and investment plans for P&C #insurers in 2024, ways these budgets and plans vary globally and across regional markets, and finally, touches on how the #GenAI phenomenon is impacting insurers’ budgets and priorities. https://hubs.ly/Q02GzY-S0

The early onset and severity of Hurricane Beryl set a new standard for this year’s hurricane season. Colorado State University hurricane researchers are now predicting a more severe season than had originally been expected. Read more in Carrier Management by clicking here: https://hubs.ly/Q02G842f0

Swiss Re Chairman Jacques de Vaucleroy thinks homeowners in high-risk areas aren’t paying enough for insurance. “Homes are still being built in places they shouldn’t be, he noted, and often grandly at that. Premiums relative to the potential payout for a claim are still acceptable for many consumers.” We, respectfully, think Florida homeowners, in particular, would disagree. Read more about Vaucleroy’s views in Carrier Management here: https://hubs.ly/Q02FRLx50

“On July 4th, 1776, a remarkable startup was born. Dubbed the United States of America, this fledgling entity struggled in a world dominated by established powers. Much like any new business venture, the USA had to fight—quite literally—to establish its place. Once it found its footing, the next challenge was determining how to survive and thrive amidst formidable competitors.” Read more here: https://lnkd.in/gV_UPUfA