Lloyd’s CEO Discusses ‘Mega-Trends, Insurance Industry’s Future

November 8, 2007

  • November 8, 2007 at 8:35 am
    Ol Man Of The Mountain says:
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    I predict:

    That claims adjusters of the future will be required to have MBA degrees to qualify as “Professional Claims Adjusters”.

    That “Professional Claims Adjusters” will finally be recognized as business professionals on par with financial planners, attorneys and other current “General Adjusters.”

    That reportable claims will be pared down to 10% of current reported claims as a result of large deductibles ($10,000 and up to $ the sky’s limit.) resulting in extremely well investigated and documented claims adjustments commanding service fees of multi-fold amounts above current fees. The days of the “Staff Adjusters” are numbered and limited.
    That catastrophe claims will still be in high demand for “qualified” adjusters and appraisers due to the shear numbers of claims to be serviced.

  • November 8, 2007 at 8:42 am
    Ol Man Of The Mountain says:
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    To continue…. before my computer blew a fuse…..

    That: I wish I was young enough to “join” this insurance-revolution change and be a part of the new expertise of claims adjusting.



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