The global insurance market is undergoing changes that are creating interesting convergence and opportunities with the capital markets. We therefore decided to expand our coverage of insurance.
We polled over 250 risk managers, treasurers and chief financial officers at the top companies in 31 countries. We asked them to rank the best insurers, brokers and also the best companies working in alternative market mechanisms.
Results:
Global Insurance survey results
Includes:
Best broker
Best for efficiency
Best for favourable contracts
Best for Alternative Market Mechanisms
Best insurer
Best for property insurance
Best for D& 0 insurance
Best for claims resolution
Best for innovation
Best for price
Best product range
Results will open in a new window
Use the outline to the left of the rankings to navigate
 Regional: Western Europe Eastern Europe North America South America Asia Other countries: Israel and Kuwait |
METHODOLOGY
Respondents to Euromoney’s Insurance survey are the direct buyers
of insurance at major companies worldwide. The majority are
risk managers. Other respondents included chief financial officers,
insurance managers, heads of treasury and vice-presidents.
The survey had four parts.
In the first part, after providing our researchers with information
on their two main forms of insurance coverage, respondents
gave their opinion of the company from which they purchased
this insurance and were asked to give their reasons. These are
elaborated in our result statistics.
For the second part, they were asked to name first and second
choices for insurance companies in categories of price, product
range, claims resolution and product innovation.
The third part focused on insurance brokers. Here our select
group of respondents named the first and second best brokers,
in their experience, for efficiency and the ability to negotiate
favourable contract terms.
The fourth part concerned alternative market mechanisms.
Respondents were asked if they used any alternative market
mechanisms for their risk transfer needs. If they did, they were
given the option of selecting a mechanism, or naming their own.
They also were given the option of naming any company they
use for the management of these mechanisms.
The poll was conducted from Monday, October 29 until Friday
December 21 2007. We received a total of 1,210 nominations
from 254 of the world’s top companies.
Global and regional results are aggregates of country results.
Firms that received votes from more than one country were
included in regional rankings. Firms that received votes in more
than one region were included in global results.
From the format of the survey not all insurance companies
will be nominated, and it is possible that companies are being
nominated for services provided from neighbouring countries, or
by other parts of the parent company.
Related editorial coverage:
The New Masters of Risk? How insurers are testing out their capabilities in finance