CATEGORY

Insurance Services EMEA

It has been observed that major fortune 500 companies arrange for insurance brokerage services through global insurance broker channel in order to leverage an optimum coverage.

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    Insurance Services EMEA Suppliers


    Insurance Services EMEA Supplier

    Find the right-fit insurance services emea supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    American Express Company
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    6
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    42

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    85
    Social
    31
    Governance
    48
    6 Domains Performance (/100)
    Business behaviour
    39
    Human rights
    47
    Community Environment
    26
    Corporate governance
    54
    Human resources
    21
    Security Scorecard
    90

    Threat indicators
    B
    83
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    A
    97
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    86
    Application Security
    Detecting common website application vulnerbilities
    B
    86
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    98
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    amexglobalbusinesstravel.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    12
    Human Rights Issues
    0
    Production Supply Chain Issues
    2
    Environmental Non Compliance Flags
    14
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    26
    Fraud Issues
    3
    Labor Health Safety Flags
    3
    Regulatory Issues
    22
    Workforce Disputes
    0
    Sanctions
    1
    esg energy transition
    86
    Discrimination Workforce Rights Issues
    3
    esg controversies critical severity
    No

    Insurance Services EMEA market report transcript


    Regional Market Outlook on Insurance Services 

    Insurance is a coverage that protects businesses from loss, due to events that may occur during the normal course of business. There may be many types of insurance for business, including coverage for property damage, legal liability, and employee-related risks. Large corporates evaluate their insurance needs based on potential risks, which can vary depending on the type of environment in which the company operates. The insurance industry is classified globally, as life and non-life insurance where property and Casualty form a sub-category of non-life insurance.

    Property Damage and Business Interruption

    • Property insurance is a policy that provides financial reimbursement to the owner or renter of a structure and its contents, in the event of damage or theft.
    • Business Interruption insurance is a form of insurance coverage that replaces business income lost, as a result of an event that interrupts the operations of the business, such as fire or natural disaster.

    General and Product Liability Insurance

    • General and Product Liability Insurance is a form of insurance coverage that replaces business income lost, as a result of an event that interrupts the operations of the business, such as fire or a natural disaster.

    Marine/Cargo/ Transport Insurance

    • Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between the points of origin and final destination. Cargo insurance is a branch of marine insurance

    Directors and Officers Insurance

    • Directors and officers liability Insurance is a liability insurance payable to the directors and officers of a company, or to the organization itself, as indemnification for loss or advancement of defence cost in the event an insured suffers such a loss, as a result of legal action brought for alleged wrongful acts in their capacity as directors and officers.

    Market Size, Growth, and Outlook

    The global insurance industry is set to grow at 4.5% per annum during 2017 and 2018. It is predicted the premium income is expected to grow nominally, slightly higher real growth of 3.0% expected in 2018.

    Market Outlook

    P&C - In North America, premium growth is likely to remain nominally stable compared with 2016.

    It is predicted that property casualty business will recover in the developed markets of the Asia-Pacific, Latin America, and sub-Saharan Africa.

    Life insurance premium development is projected to be relatively stable at a high level premium growth in the most emerging markets for 2017 and 2018 is expected to be average 6.5% (5% in real terms) in Eastern Europe, 8.5% (6.5% in real terms) in Latin America, and 8.0% in the MENA region

    Market Drivers and Constraints

    Drivers

    • Growth in the global non-life insurance premiums are projected to be driven by the emerging markets
    • Pricing in commercial lines continues to deteriorate, but at a slower pace, demand for cyber insurance solutions are increasing at a rapid pace
    • Emerging market life premiums is expected to grow strongly, driven by demand for savings in emerging Asia
    • An aging global population and rising disposable income are the key forces causing the increase in demand of life insurance products
    • Emerging technologies, such as artificial intelligence and machine learning, provide scope for intelligent automation
    • Automation will reduce the cost of operations and process time

    Constraints

    • It was observed that competitive pressure remained high for commercial lines, though the average price decline moderated
    • The global economic market slowed in 2016, as both advanced and emerging markets saw a diminished growth
    • Equity markets and interest rates progressed favorably toward the end of 2016, improvement can at best be gradual with the political landscape being in a flux
    • To say alert to extended territorial impact for insurers with offshore data processing
    • Preventing data breaches, even as most insurers and brokers are still going through initial digitization.