As existing P/C captives expand to include employee benefits risks, often under the guidance of risk managers, understanding their concerns and challenges may prove useful for client relationship managers more accustomed to dealing with human resources departments. Risk managers face a growing confusion of challenges and new demands according to a Lockton survey of risk management professionals. The survey, presented officially at Lockton’s Complex Risk Symposium in mid-June 2017,
Alight, the former outsourcing business that Aon in February 2017 sold to private equity firm Blackstone, in June 2017 re-emerges as a standalone firm. Chris Michalak, CEO of Alight Solutions: “We are using this opportunity to ignite an entrepreneurial spirit and a culture focused on innovation to help companies and their people meet their rapidly changing benefits, HR and financial needs. […] we believe that businesses are powered by
Arthur J. Gallagher in June 2017 announced the acquisition of Ann Arbor, Michigan-based Armstrong/Robitaille/Riegle and Ann Arbor Business Advisors. Terms of the transaction were not disclosed. Brokerage Armstrong/Robitaille/Riegle offers employee benefits, retirement planning, life insurance and human resource consulting, as well as commercial and personal property/casualty coverages, to clients primarily in Michigan and in California. Ann Arbor Business Advisors provides retirement plan services for institutional clients. Laurie E. Riegle,
According to a global survey of insurance executives released in June 2017 by Earnix, a provider of analytics solutions for the financial services industry, there is wide adoption of Machine Learning by insurers across the globe, and expectation that machine learning will bring “significant” change to the industry over the next three to five years. According to Wikipedia, machine learning gives “computers the ability to learn without being explicitly