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Banking

Insurance poll 2008: results index

“Misunderstanding risk is, now more than ever, a potentially fatal risk for business” -Gregory Case, Aon Corporation

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























  














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

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