Tag: industrial insurance
For which industrial insurers and industrial brokers is the BiPRO intermediary settlement interesting?
Settlement processes between insurers and brokers are among the more complex processes in industrial insurance. Premiums, brokerage fees and claims payments are usually not settled individually among each other, but in collective settlements carried out on a monthly or quarterly basis. Insurers and brokers use the terms bordero, agent or insurer collection settlement or brokerage or commission settlement in this context. Tax settlement also frequently falls within this range of topics, as payment flows between the end customer, broker and risk carrier must also be settled here.
Together with the insurance broker GOSSLER, GOBERT & WOLTERS (GGW), mgm has implemented the decision announced in the summer of 2020 and founded the insurance broker "IPP northport InsurancePartner Platform GmbH", based in Hamburg, in equal parts.
German and European insurance and brokerage companies in the industrial insurance sector are lagging far behind the possibilities when it comes to digitalisation. The opportunities lie in digital platforms.
The digitalization of the industrial insurance sector involves very complex and individual processes. In such an environment, a change process is recommended that takes into account the requirements of your own organization and the market participants.