Event Description

With the commercial insurance market constantly evolving, understanding the latest trends and forecasts is crucial for making informed decisions. This webinar will not only provide an update on the current state of the commercial market across various lines of insurance but will also introduce innovative cost-saving opportunities. Specifically, the presentation on group self-insurance captives will highlight how they can offer long-term financial stability and savings, presenting a potentially valuable strategy for many businesses.  Highlights include medical stop-loss, property, workers compensation, and professional & general liability insurance.

Moreover, the webinar will share best practices and practical tips for preparing for insurance renewals. This guidance can be invaluable in ensuring that you are well-prepared, potentially leading to more favorable terms and conditions in your insurance arrangements. This webinar offers critical insights and strategies that can help optimize your insurance portfolio and contribute to your organization’s overall financial health.

Designed For

Ideal for any financial professional who is currently involved in decision-making regarding insurance placement, or may have an interest in the insurance industry.

Objectives

From attending the webinar, participants will be able to:

1. Understand Current Market Dynamics: Gain insights into the latest trends, challenges, and forecasts within the commercial insurance market. This knowledge will enable attendees to better navigate the market’s complexities and make more informed decisions regarding their insurance needs.
2. Explore Cost-Saving Strategies: Learn about group self-insurance captives as a viable cost-saving measure. Attendees will be equipped with the knowledge to assess whether this approach could be beneficial for their organizations, potentially leading to significant long-term savings and financial stability.
3. Prepare Effectively for Renewals: Receive actionable best practices and tips for preparing for insurance renewals. This guidance will help attendees approach their renewals with confidence, ensuring they are well-prepared to negotiate terms, manage risks more effectively, and secure the best possible outcomes for their insurance portfolios.

Major Subjects

1. Insurance Market Update

• General Market Conditions
• What to Expect with Specific Lines of Coverage

2. Risk Financing/Insurance Options with Pros and Cons

• Commercial Insurance
• Group Self-Insurance
• Individual Self-Insurance

3. Case Study

4. Seven Renewal Strategies and Tips