Alliances
In an effort to "Make the Effort" on behalf of our clients and prospects, we will highlight products & services here that we feel would be of value to you. Please check back from time to time to see additional services.
Trading System: CATEX (www.catex.com)CATEX is the only impartial, global, Internet-based trading system for the reinsurance and risk-bearing industry. A licensed reinsurance intermediary, CATEX brings insurers, reinsurers, brokers, self-insureds, and others together over the Internet to match buyers and sellers of reinsurance and to transact reinsurance risks. CATEX facilitates various risks, including environmental liability, marine, aviation, auto insurance, and other lines of business. CATEX enables primary insurers and reinsurers to more widely distribute their risks, as well as to diversify the perils they insure against.
CATEX provides a flexible, secure environment for the negotiation of trades using an open "bid and ask" market, or exchange. The speed, efficiency, and flexibility of the CATEX Trading System enables insurers to fashion innovative, integrated risk management strategies and packages. CATEX provides an ideal forum to enable electronic reinsurance transactions involving cash premiums payments, as well as pure risk swaps, and subscribers can use the trading system to sell or purchase traditional reinsurance products such as quota share, per risk excess, or catastrophe excess coverage. CATEX also allows insurers and self-insured companies to purchase reinsurance directly from CATEX subscriber reinsurers. Risk-bearers can diversify their potential liabilities by gaining access to wider risk distributions at minimal costs. Parties are able to respond to listings and negotiate trades by various methods, including CATEX e-mail, real-time text dialog, on-line conferences, collaborative document processing, telephone, fax, or mail. The terms of an agreed trade can be finalized by traditional paper methods or by using the "Deal Mail" facility to construct an electronic proposal or slip. Finally, completed trades are registered with CATEX and the details of the trade are then publicized to all subscribers.
In addition, CATEX also develops computer software systems for reinsurance companies and brokers.
Training: Experience Builders (www.experiencebuilders.com)
Many industry experts predict a shortage of professional talent in the insurance and reinsurance industries over the coming years. An annual shortfall of new entrants coupled with poor training are often cited as the chief culprits. Typically, insurance and reinsurance training is based on self-study of textbooks and knowledge is verified by standardized national tests. While this method might be a start, it seldom covers the actual day-to-day functions of an insurance professional.
In an effort to improve this situation, we’ve partnered with one of the premiere e-learning companies, Experience Builders. Their focus is on "Learning by Doing" --- they specialize in the development of online role-playing simulations customized to reflect the culture and job-specific skills you want to teach. If you want to change the way employees, customers, or vendors think and act, their brand of objectives-based simulations do a better job of skill transfer than other online learning products. And their collaborative development process ensures your satisfaction with the end product while making the best use of your budget.
As before, their philosophy involves "Learning by Doing". Put simply, can someone learn how to ride a bike by reading about it? Or by hearing a lecture? Even with animations, video, or streaming audio, the answer is no. This may sound silly, but it’s no different for mastering most business skills. Like learning how to ride a bike, the only way to learn how to sell, manage, follow safety rules, or make business judgments is to do it.
Why not build training that lets people practice the skills they’re supposed to learn? This is Experience Builders’ sole mission: to make it possible for organizations to develop training like the real thing. You can contact them directly at: www.experiencebuilders.com.
Reinsurance Brokers:
We also have the advantage of having formed "strategic affiliations" with most of the major reinsurance brokers. These affiliations allow our clients the dual advantage of the market weight of the "mega-brokers" coupled with the personal service of The Cleave Group, LLC. (In this hard market, you’ll find our personal service and responsiveness to be the difference in successful placement of your risk.)