Emerging Niches for Insurance

Table of Contents

1. Insurance Industry' s Tryst with Diversity

• Newer Avenues for Growth...

2. Insurance Products for Diverse Risks and Divergent Target Groups

2a. Insurance for Nonprofits - Impact of a Hardening Market

• Structural Differences Prove a Hindrance
• Looking Towards Purchasing Groups
• Property Coverage to Become Scarce
• Opportunities Do Exist

2b. Insurance for Public Entities

• Role of Insurance Pools
• Schools Hit Hard
• Carriers Have the Say
• Outlook

2c. Environmental Pollution Policies - Not Just for Industries

• Environmental Responsibilities of Insurance Firms
• A Complex Market
• Transaction Insurance
• Why the Sudden Rush?
• Upswing for Dry Cleaners Pollution Policies
• Policies for Contractors
• Signing of the UN Statement
• Techniques For Inspecting Environmental Claims- Related Sites
• The Superfund Issue

2d. Fine Art Policies - Insuring Treasures

• Types of Policies
• Theft, not the No.1 Risk
• Yet, Risk of Theft Cannot be Ignored
• Focus on Customer Service

2e. Spectator Liability Insurance

• The Darker Side of Sporting Events
• The Need for Spectator Liability Coverage
• Stadiums and Structures on Red Alert
• Terrorism Exclusion Comes As a Breather

2f. Event Cancellation Coverage

• Tough Times

2g. Insurance for the Film Industry

• Insurance Keeps Hollywood in ' Motion'
• Completion Bonding - Entrenched...
• The New Entrants...

2h. Intellectual Property Coverage - Valuing Intangibles

• The Obstacles...
• There is a Need...

2i. Kidnap/Ransom & Extortion (KRE) Insurance

• US KRE Insurance Market - In Tandem with London Market

2j. Online Risks - New Age Perils

• First-Party Damage...
• Third-Party Liability...

2k. Insurance for Chemical Industry

• Problems Aplenty for Chemical Processing Industry
• Rise in Claims...
• Rise in Prices...
• Reasons for Price Increase...
• Entry of New Insurers
• Exclusions from Liability Risk
• Diligence is the Buzz Word!
• Alternative Risk Transfer Gaining Momentum

2l. Engineering Insurance

• Hong Kong - Engineering Reinsurance
• Argentina - Engineering/Construction Insurance
• US - Construction Insurance

2m. Agriculture Insurance - Abounding Potential in Emerging Markets

• A Brief Snapshot of Agriculture Insurance Across World
• Chile
• Table 1: Gross Written Premium in CLP Billion for Chilean Agriculture Sector (2000 & 2001)
• Livestock Insurance
• China
• Table 2: Chinese Agricultural Insurance Market (2003): Percentage Value Breakdown of Premium by Company - PICC, China United and Others (includes corresponding Graph/Chart)
• Brazil
• Agricultural Insurance Expands

3. Recent Industry Activity

• Hiscox Buys Eriks Assuradeuren' s Renewal Rights
• HCC Insurance Acquires CineFinance
• Willis Group Holdings Ltd. Acquires Vision Insurance Group
• JumpStart Acquires Stake in Cleverland Holdings

4. Product Launches/Service Innovations in Past

• Tokio Marine Launches Two Products
• AIG Launches AIG PowerBuild
• BAT Offers General Contractor-Residential Program
• Zurich NA Modifies E-Commerce Program
• Glenlake Insures Package Invoices
• Skandia Launches Skandia Global Funds
• Chubb Unveils "Customarq for Wineries"
• Federal Crop Approves Program of American Agri
• Hartford Introduces Program for Fish Farmers
• HSB OneSource from Hartford
• Travelers Offers Comprehensive Plan for Employee-Related Risk
• Venture Programs Offers IP Coverage
• Zurich NA' s Coverage for Product Recalls
• Tamarack American Introduces RevenueGuard
• AIG Launches WebMerchantGuard
• Progressive' s Internet Banking Protection Package
• Atlantic Mutual Releases Fine-Arts Policy
• BISA Launches Special Event-Convention Program
• Chubb Launches Remediation Cost-Cap Policy
• Chubb' s Protection for Community Asso. Leaders Policy
• inreon Launches EURO CAT
• Insurance Brokers' Kidnap & Ransom Facility
• Munich Re Offers Policy for World Cup
• Western Security Introduces New Product
• Bank of America, Overseas Private Cover Currency Devaluation
• Stuckey & Co.' s Foreign Coverage Program
• AIG Announces War & Hijack Coverage
• Miller Offers Stand-Alone Terrorism Insurance
• Willis Deploys War Risk Products