Assembling an effective commercial Property insurance program is similar to solving a Rubik's Cube, the popular 3-D puzzle whose solution involves manipulating the six different colors of the cube so that each face has a uniform color.
Initially, solving the 3-D puzzle was more art than science. Years later, experts — known as "speedcubers" — emerged on the scene, applying mathematical principles, such as group theory and permutation puzzles, to their solutions.
In structuring a global Property insurance program, a broker strategically decides where to position and place different insurance markets within a "panel" or portion of the overall risk.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
