Collaborative Innovation Serves the Risk
Management Needs of the Underserved in Developing Markets
A group of leading companies in the insurance industry announced
today that they have established a micro insurance consortium and
micro insurance venture incubator (MVI). The consortium consists of
American International Group, Inc., Aspen Insurance Holdings
Limited, Catlin Group Limited LLC, Guy Carpenter & Company, LLC
together with Marsh & McLennan Companies, Inc., Hamilton
Insurance Group, Ltd., Transatlantic Reinsurance Company, X.L.
Group, plc, and Zurich Insurance Group.
From left to right: Daniel S. Glaser,
President & CEO of Marsh & McLennan Companies, Robert S.
Miller, Non-Executive Chairman of the Board of American
International Group, Inc., Michael Kerner, CEO General Insurance at
Zurich Insurance Group and Alexander S. Moczarski, President &
CEO of Guy Carpenter & Company and Chairman of Marsh &
McLennan International.
The MVI has committed to launching ten micro insurance ventures
over the next ten years that will deliver solutions to address the
risk management needs of the underserved. Today’s announcement was
made by Daniel S. Glaser, President & CEO of Marsh &
McLennan Companies, Robert S. Miller, Non-Executive Chairman of the
Board of American International Group, Inc., Michael Kerner, CEO
General Insurance at Zurich Insurance Group and Alexander S.
Moczarski, President & CEO of Guy Carpenter & Company and
Chairman of Marsh & McLennan International during the World
Economic Forum’s annual gathering at Davos Switzerland.
The MVI is a Bermuda-based entity formed to create markets that
deliver risk protection to the underserved in developing countries.
The MVI will innovate technology-enabled platforms, achieve
sustainability through adequate levels of profitability and advance
the role of insurance in society. The MVI is currently evaluating
opportunities in Latin America, Africa and emerging Asia, with the
initial venture to be launched in 2015. Joan Lamm-Tennant, Global
Chief Economist and Risk Strategist, Guy Carpenter, has been
appointed to serve as the MVI’s CEO and will be based in New
York.
The MVI’s strategy and operational model stem from a shared
vision of the importance of micro insurance in emerging markets and
a collaborative approach to innovation that benefits the
marketplace and the industry. Serving as an innovation incubator,
the MVI will support the launch and operations of a portfolio of
micro insurance ventures worldwide. These ventures will provide the
business services necessary to achieve scale and profitability in
the market including: unique distribution methods, local
partnerships, product development and impact services such as
measuring/monitoring social impact.
In making this announcement, the founding companies of the MVI
offered the following comments:
Alexander Moczarski, President and CEO of Guy Carpenter and
Chairman of Marsh & McLennan Companies International:
“The ability to manage and finance risk is important to the
development of a society. As an industry, we have a responsibility
to be socially relevant. The gap between economic and insured
losses continues to be an impediment to the emergence of societies.
The establishment of the MVI demonstrates our commitment to advance
the relevance of insurance in society by addressing the risk needs
of the underserved.”
Daniel S. Glaser, President & CEO of Marsh & McLennan
Companies:
“Increasingly, the growth of our industry is tied to innovation
and the positive impact we make on society. The MVI applies our
collective expertise and intellectual capital to help millions of
people around the world. On behalf of our 56,000 colleagues, Marsh
& McLennan is proud to be a founding partner of MVI.”
Michael S. McGavick, CEO of XL Group plc:
“In many regions of the world, opportunities to better oneself
and one’s community come more slowly and with devastating risks
because the resilience created by the insurance sector is not
available. This must change, and I am terribly proud that this
consortium have come together to do something about it.”
Michael Kerner, CEO General Insurance, Zurich Insurance
Group:
"Our shared expectation is that by enabling product,
distribution and operational innovation we will help create the
efficiencies and knowledge necessary to make micro-insurance a
vibrant sustainable market. When successful, it will help bring the
benefits of modern risk management to millions of first-time
insurance buyers."
Kevin Hogan, Chief Executive Officer, AIG Consumer
Insurance:
“We have invested in a number of microinsurance initiatives in
various countries and are eager to expand our reach through the
promising work of this consortium. Microinsurance is not only a
viable business, but one that presents a unique opportunity to
serve individuals and small businesses who do not typically have
access to our world class products and services. Partnering with
our industry peers allows us to leverage our global reach, better
mitigate risks, successfully reach more individuals and make an
even more meaningful impact on communities and people around the
world.”
Mario P. Vitale, CEO, Aspen Insurance and President Aspen
U.S. Insurance:
“With a structure designed to serve as an innovation incubator,
the MVI will attract and engage young talent. Both Aspen and the
millennial generation highly value innovation and creative
approaches to solving problems, and this consortium will clearly
resonate with that generation. This is a really important endeavor
which I fully support and we look forward to contributing to its
success.”
Paul Jardine, Chief Operating Officer, Catlin Group,
Limited:
“We at Catlin are excited to participate in the MVI, which
brings together a broad spectrum of companies of all shapes and
sizes within the insurance industry. I believe that the MVI will
not only benefit potential clients in emerging markets, but also
will provide the MVI’s participants with essential knowledge about
markets which are currently under-served by our industry.”
Michael C. Sapnar, President and CEO, Transatlantic
Reinsurance Company:
“This venture is about empowering local communities. By working
together, we will be able to create a better solution than any one
of us would be able to offer on our own. Each of us brings our own
diverse experiences and skills: collectively we will be able to
offer a more resilient, more effective insurance protection to
currently underserved communities worldwide.”
Brian Duperreault, CEO, Hamilton Insurance Group:
“Innovative research and development enabled by the MVI will
make affordable insurance products accessible to millions in the
developing world. Greatly reducing the cost of distribution on a
global scale through reverse innovation could be one the most
enduring legacies of this project.”
Joan Lamm-Tennant, Global Chief Economist and Risk
Strategist, Guy Carpenter and MVI CEO-elect:
“Endeavors of this scope and ambition would not be possible
without the support and vision of our founding leaders. Our
differentiated strategy is to learn and respond to the risk needs
of the underserved. By forging strategic alliances with entities
that have direct and trusted relationships, we will understand the
needs of the customer, and subsequently identify specific ventures
and solutions accordingly. I am excited about this unique business
model. It has been designed to allow for the long term focus needed
to balance profitability with social impact. Collaborative
ownership enables the MVI to access the vast and specialized
knowledge and resources of founding firms to the benefit of the
underserved.”
About Founding Companies
American International Group, Inc. (AIG)
American International Group, Inc. (AIG) is a leading
international insurance organization serving customers in more than
130 countries. AIG companies serve commercial, institutional, and
individual customers through one of the most extensive worldwide
property-casualty networks of any insurer. In addition, AIG
companies are leading providers of life insurance and retirement
services in the United States. AIG common stock is listed on the
New York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig | Twitter: @AIG_LatestNews | LinkedIn:
http://www.linkedin.com/company/aig
AIG is the marketing name for the worldwide property-casualty,
life and retirement, and general insurance operations of American
International Group, Inc. For additional information, please visit
our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International
Group, Inc. Products or services may not be available in all
countries, and coverage is subject to actual policy language.
Non-insurance products and services may be provided by independent
third parties. Certain property-casualty coverages may be provided
by a surplus lines insurer. Surplus lines insurers do not generally
participate in state guaranty funds, and insureds are therefore not
protected by such funds.
Aspen Insurance Holdings Limited
Aspen provides reinsurance and insurance coverage to clients in
various domestic and global markets through wholly-owned
subsidiaries and offices in Bermuda, France, Germany, Ireland,
Singapore, Switzerland, the United Kingdom and the United States.
For the year ended December 31, 2013, Aspen reported $10.2 billion
in total assets, $4.7 billion in gross reserves, $3.3 billion in
shareholders’ equity and $2.6 billion in gross written premiums.
Its operating subsidiaries have been assigned a rating of “A”
(“Strong”) by Standard & Poor’s Ratings Services, an “A”
(“Excellent”) by A.M. Best Company Inc. and an “A2” (“Good”) by
Moody’s Investors Service, Inc
Catlin Group Limited
Catlin Group Limited, headquartered in Bermuda, is an
international specialist property/casualty insurer and reinsurer.
Catlin has established operating hubs in London, Bermuda, the
United States, the Asia-Pacific region, Europe and Canada. Through
these hubs, Catlin works closely with policyholders and their
brokers. The hubs also provide Catlin with product and geographic
diversity. Altogether, Catlin operates more than 50 offices in 25
countries. Catlin’s London hub manages the largest syndicate
operating at Lloyd’s of London. Catlin shares are traded on the
London Stock Exchange (ticker symbol:CGL). More information about
Catlin can be found at www.catlin.com.
Hamilton Insurance Group
Hamilton Insurance Group leverages analytics and research to
create underwriting and investment value for its clients and
shareholders. As of December 31, 2014, Hamilton Insurance Group had
over $1 billion of capital.
About Marsh & McLennan Companies
MARSH & McLENNAN COMPANIES (NYSE:MMC) is a global
professional services firm offering clients advice and solutions in
the areas of risk, strategy, and human capital. Marsh is a global
leader in insurance broking and risk management; Mercer is a global
leader in talent, health, retirement, and investment consulting;
Oliver Wyman is a global leader in management consulting; and Guy
Carpenter is a global leader in providing risk and reinsurance
intermediary services and delivering capital market solutions for
clients around the globe. Guy Carpenter’s line-of-business
expertise includes agriculture; aviation; casualty clash;
construction and engineering; cyber solutions; excess and umbrella;
excess and surplus lines; healthcare & life; marine and energy;
mutual insurance companies; political risk and trade credit;
professional liability; property; retrocessional reinsurance;
surety; terrorism and workers compensation. With annual revenue
exceeding $12 billion, Marsh & McLennan Companies’ 56,000
colleagues worldwide provide analysis, advice, and transactional
capabilities to clients in more than 130 countries. The Company
prides itself on being a responsible corporate citizen and making a
positive impact in the communities in which it operates. Visit
www.mmc.com and www.guycarp.com for more information and follow Guy
Carpenter on Twitter @GuyCarpenter.
Transatlantic Reinsurance Company (TransRe)
TransRe is the brand name for Transatlantic Holdings, Inc. and
its operating subsidiaries (including Transatlantic Reinsurance
Company). TransRe, wholly owned by Alleghany Corporation (NYSE:Y),
is a reinsurer headquartered in New York with operations worldwide.
Since 1978, TransRe has been offering its clients the capacity,
expertise and creativity necessary to structure programs across the
full spectrum of property and casualty risks. Visit www.transre.com
for additional information.
XL Group plc
XL Group plc (NYSE:XL), through its subsidiaries, is a global
insurance and reinsurance company providing property, casualty and
specialty products to industrial, commercial and professional
firms, insurance companies and other enterprises throughout the
world. XL is the company clients look to for answers to their most
complex risks and to help move their world forward. To learn more,
visit xlgroup.com
XL Group is the global brand used by XL Group plc’s insurance
and reinsurance subsidiaries.
Zurich Insurance Group
Zurich Insurance Group (Zurich) is a leading multi-line insurer
that serves its customers in global and local markets. With more
than 55,000 employees, it provides a wide range of general
insurance and life insurance products and services. Zurich’s
customers include individuals, small businesses, and mid-sized and
large companies, including multinational corporations, in more than
170 countries. The Group is headquartered in Zurich, Switzerland,
where it was founded in 1872. The holding company, Zurich Insurance
Group (ZURN), is listed on the SIX Swiss Exchange and has a level I
American Depositary Receipt (ZURVY) program, which is traded
over-the-counter on OTCQX. Further information about Zurich is
available at www.zurich.com.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20150122005781/en/
Media Contact:Marsh & McLennan CompaniesEdward L.
Dandridge,
+1-212-345-9751ed.dandridge@mmc.comorInvestor
Contact:Marsh & McLennan CompaniesKeith Walsh,
+1-212-345-0057keith.walsh@mmc.com
Zurich Insurance (QX) (USOTC:ZURVY)
過去 株価チャート
から 12 2024 まで 1 2025
Zurich Insurance (QX) (USOTC:ZURVY)
過去 株価チャート
から 1 2024 まで 1 2025
