Slides from Career Institute
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The document summarizes information from a career conference hosted by the Griffith Insurance Education Foundation in Columbus, Ohio from August 9-11, 2010. The conference goals were to network and gain ideas for communicating careers to high school students, understand career opportunities in the insurance industry, and gain career information resources. The document provided statistics on employment in the Ohio insurance industry, highlighted in-demand jobs in insurance, and discussed opportunities and competitive wages across insurance sectors including property/casualty.
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Progressive Corporation analyzed opportunities and threats in the auto insurance industry from 1984-1993 using PEST analysis. Key changes included compulsory auto insurance laws, rising consumer incomes boosting car ownership, and new computer technologies. Progressive grew by targeting the non-standard customer segment with lower rates, immediate claims responses, and 14,000 customized premiums. Through training, technology investments and efficient operations, Progressive achieved higher profits and returns than competitors over this period.
Statewide - Allianz Introduction to D&O Insurance
D&O insurance policies offer liability cover for company managers to protect them from claims which may arise from the decisions and actions taken within the scope of their regular duties. D&O cover was first conceived in the late 19th century, and after a long period of obscurity has spread rapidly throughout the industrialized world since the 1980s. Such policies cover the personal liability of company directors and officers as individuals, reimbursement of the insured company if it pays a claim on behalf of its managers, and cover for securities claims against publicly listed companies. The document discusses why companies purchase D&O insurance, how D&O cover functions in terms of who and what is covered, and developments in the D&O insurance market globally.
Alfalah[1] final[2]
Alfalah Insurance Co. Ltd. is a subsidiary of Abu Dhabi Group established in 2006. It aims to be a leading insurer providing comprehensive and flexible insurance. Its mission is to provide world-class service, increase security for clients, and enhance confidence in Pakistan's insurance industry. It has over 230 million in paid-up capital and offices across major Pakistani cities. Alfalah offers various property, engineering, and pecuniary insurance products and has an A+ rating from PACRA. While it has strengths like its rating and guidelines, it faces weaknesses in awareness and specialization. It sees opportunities in expanding services but threats from competition. Its financial highlights show increasing business year-over-year.
Terry Miller, Transport Risk Management
The document discusses the insurability of unmanned aircraft systems (UAS) and unmanned aerial vehicles (UAV) for private and commercial use. It identifies the key risks to insure such as physical damage to the vehicle and legal liability from potential accidents. It also examines factors for determining insurance rates like the safety record of UAS operations, available industry capacity, and balancing affordability and profitability. Aviation insurers are well suited to provide UAS coverage due to their expertise and existing aviation insurance policies that could be adapted for this new class of risk.
Willis_RM05v55 proof (singles)
The document discusses various challenges and opportunities facing the aviation industry. Technological changes are helping airlines meet growing demand for air travel while coping with high fuel prices and environmental regulations. New materials and automated systems allow for more fuel efficient aircraft, helping address concerns over aviation's carbon emissions. However, risks remain from geopolitical instability, public health issues, and intense competition within the industry. The rapid pace of innovation could help aviation continue its trajectory of overcoming adversity through technological progress.
Insurance Legal Liability
The document discusses pollution legal liability insurance for institutions of higher education from AIG Higher Education Risk Solutions. It outlines various pollution risks schools face from leaking storage tanks, mold, chemical spills, and more. The policy covers on-site clean up, third party claims, and business interruption due to pollution incidents. It also provides risk assessment and emergency response services to help prevent losses and efficiently handle environmental crises.
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Slides from Career Institute
- 1. INFORM+INSPIRE Career Institute August 9-11, 2010 Columbus, Ohio The Griffith Insurance Education Foundation Griffith Insurance Education Foundation Presented by the Katie School of Insurance
- 2. Griffith Career Institute Goals Network and Gain Ideas for Communicating Careers to High School Students Gain Understanding of Career Opportunities That Exist in Insurance Industry Gain Career Information Resources to Take Back to School and Use The Griffith Insurance Education Foundation
- 3. Who is in the audience with you? Survey Shared Challenges Shared Solutions The Griffith Insurance Education Foundation
- 4. Employment Facts About the Insurance Industry in Ohio The Griffith Insurance Education Foundation
- 5. The Griffith Insurance Education Foundation
- 6. Job Availability and Advancement Potential in RMI High exposure to aging workforce & retirees (See graph below) Workers 55+ have increased 74% in Insurance and Risk Management in the past 10 years compared to a 45% increase in overall workforce By 2018, the projected number of workers nearing retirement in industry will be 25% 8/12/2010 The Griffith Insurance Education Foundation
- 7. Category 1: Jobs Unique to Insurance Actuarial Sciences Claims Risk Management Underwriting Reinsurance Insurance Agent and Broker Personal Financial Planner The Griffith Insurance Education Foundation
- 8. The Griffith Insurance Education Foundation U.S News and World Report: The Ten Best Jobs* Biologist Actuary Financial planner Computer-systems analyst Accountant Software engineer Meteorologist Paralegal assistant Statistician Astronomer * Ranks 250 occupations on the basis of six key criteria: environment, income, employment outlook, physical demands, security, and stress.
- 9. Comparative Competitive Wages The Griffith Insurance Education Foundation
- 10. Comparative Competitive Wages The Griffith Insurance Education Foundation
- 11. Comparative Competitive Wages The Griffith Insurance Education Foundation
- 12. Opportunities for Professional Designations & Advancement 8/12/2010 The Griffith Insurance Education Foundation
- 13. Category 2: “General” Jobs Working in Insurance Industry IT/Systems Finance/Accounting Legal Marketing Communications Training and Development The Griffith Insurance Education Foundation
- 14. Insurance Industry Sectors 8/12/2010 The Griffith Insurance Education Foundation
- 15. Property/Casualty Insurance Sector Personal Lines Examples Commercial Lines Examples The Griffith Insurance Education Foundation
- 16. The Griffith Insurance Education Foundation 1 Building & contents – Property coverage 2 Business interruption – Gross earnings 3 Business interruption – Extra expense 4 Business interruption – Loss of rents 5 Contingent business interruption – Supplier 6 Contingent business interruption – Recipient 7 Contingent business interruption – Leader 8 Plate glass coverage 9 Aircraft hull10 Aircraft liability11 Workers compensation12 Automobile insurance – Comprehensive13 General liability14 Umbrella15 Catastrophe reinsurance16 Finite risk insurance17 Fine arts floater – Inland Marine18 Jewelry floater – Inland Marine19 Group life20 Individual life21 Group health22 Individual health23 Short term disability24 Long term disability25 Homeowners insurance – Unscheduled property26 Clash insurance27 Boiler & Machinery physical damage28 Loss of power29 Transmission and distribution lines30 Event cancellation31 Retrocessional coverage Numerous Insurance Products The adjacent list shows the types of insurance coverages paid for resulting from the World Trade Center Loss
- 17. Why Insurance Industry May Appeal to Gen Y 2010 McKinsey Survey of RMI alumni 83% agree that industry offers good work/life balance as well as a flexible working environment 93% believe industry professionals provide intellectual challenges 93% agree that industry provides significant value to society The Griffith Insurance Education Foundation
- 18. INFORM+INSPIRE James R. Jones, CPCU Director – Katie School of Insurance James.jones@ilstu.edu (309) 438-7754 The Griffith Insurance Education Foundation Questions About Careers in Insurance or Griffith Insurance Education Foundation? Jason Terrell Director – Insurance Education Institutes jterrell@griffithfoundation.org (614) 880-9870