Marsh hires Michele Pignotti as global growth leader, credit specialties

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In a statement, Marsh said Pignotti will work to “deliver the services and solutions offered by credit specialties to support clients in managing their surety, credit, and political risk and insurance needs, particularly as they adapt to the post COVID-19 trading environment and growing environmental, social, and governance (ESG) regulatory requirements.”

Pignotti joins Marsh Specialty from trade credit insurer Euler Hermes, where he was the board member responsible for marketing, distribution, and commercial underwriting for five years.

He held several senior positions during his 17 years at Euler Hermes, including head of the Mediterranean, Middle East, and Africa region, and

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EY study dives deep into financial protection gap

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Financial vulnerability and health-related concerns are more prevalent among young consumers in emerging market countries, spurring an increased desire for insurance protection, according to the EY Global Insurance Consumer Survey. The survey polled 4,200 consumers in seven countries across Africa, Asia, North America and South America.

The research explores the growing protection gap between consumers in emerging markets and consumers in developed markets. It also offers insights into how the COVID-19 pandemic has impacted consumers’ financial risks, vulnerabilities and needs regarding insurance preferences.

The survey found that consumers in emerging markets experienced more financial impact from the pandemic than

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Enterprise Insider

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With our greatest-promoting course Begin-a-Business one hundred and one. An entity looking for to transfer risk (an individual, company, or affiliation of any kind, and so on.) becomes the “insured” celebration once threat is assumed by an “insurer”, the insuring party, by means of a contract , known as an insurance coverage coverage Generally, an insurance contract consists of, at a minimum, the next components: identification of participating events (the insurer, the insured, the beneficiaries), the premium, the interval of protection, the actual loss occasion lined, the amount of coverage (i.e., the quantity to be paid to the insured or … Read More

Gallagher Re brings in automated analytics platform

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Global reinsurance broker Gallagher Re has announced the launch of Gallagher Automated Insurance Analytics (GAIA), a proprietary automated analytics platform.

GAIA is a single integrated platform that houses all analytics capabilities in one place, Gallagher Re said. The company estimated that combining all capabilities into one platform could shave up to 80% off the time required to generate the same level of insights using multiple tools.

Benefits of the platform include:

  • Scalability: Using cloud-based technology, GAIA will be able to scale quickly and globally, and can adapt in line with Gallagher Re’s growth plans, allowing for easy expansion across
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