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Understanding Catastrophic Loss and Insurance: Insights for Strategic Presentation

This PowerPoint presentation serves as an academic tool to explore the complexities of catastrophic loss in insurance, derived from the initial meeting presentation. It highlights the paradox of insurance: while catastrophic events are unlikely, they significantly influence buyers' decisions. Recommendations for coverage enhancement may be underestimated due to the perceived low risk. The presentation focuses on understanding these dynamics, utilizing proprietary risk assessments, and promoting a decentralized approach that fosters creativity and solution diversity within the insurance landscape.

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Understanding Catastrophic Loss and Insurance: Insights for Strategic Presentation

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Presentation Transcript

  1. The following power point is an academic tool and not the actual first meeting presentation. It is designed to provide you insight relative to the formation of the recorded first meeting presentation. Once you understand the essence you can further create and make it your own. You could however use this in certain situations as your presentation.

  2. Will it Pass the Test ? The Absurdity Brown & Brown

  3. Insurance Paradigm Catastrophic Loss (P=Nil to None) $10m $10,000 Most gaps or enhancements we recommend cost little to implement. Yet buyers do not place great weight to these recommendations because of their inherent low probability of coming into play. When you consider the low probability of a catastrophic loss, failure to maximize coverage and price, can be creating a false sense of security relative to coverage for the unlikely Catastrophicloss. Most Cat losses will never happen – however, regardless of the low probability, this is the main reason buyers purchase insurance. The premium paid in to the carrier is typically more then the claims paid out to the buyer, excluding comp. Insurance buyers do not self insure because of catastrophic potential. Premium No Brainer Risk (P=Nil to None) Claims Paid $ Premium Paid P= Probability

  4. Un-ringing the bell Needs & Opportunity Analysis Uncovering needs through Understanding Conference call Executive Summary (Final Proposal) Proprietary analysis And Formulation of questions Start Earning Your Business Every Day !

  5. Proprietary Risk Assessment and Analysis

  6. Proprietary Risk Assessment and Analysis

  7. Proprietary Risk Assessment and Analysis

  8. Proprietary Risk Assessment and Analysis

  9. Industry Presence

  10. Decentralization • 180 Offices • Rigidity & hierarchy • The Freedom to Choose… • Promotes Creativity & More Ideas

  11. Size of Brown & Brown • More Effective Solutions • More Diverse Options • More Strength Collective Wisdom Decentralized Approach

  12. Next Steps

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