Vito Manzi, vice president commercial lines production and marketing, Julius A. Rose., Inc.

Insurance companies tend to listen to producers more during a soft market than a hard market. In a soft market, [carriers] are seeking business opportunities and look for 'ease of doing business' suggestions. They are more receptive to niche and other marketing strategies. They look for ways to enhance their product to give them a competitive advantage. In a hard market, they pick and choose based on their appetites and experience and are more reluctant to consider suggestions from producers.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.