Navigating the Private Insurance Market

Have you ever considered how the complexities of the insurance market can impact your personal and business decisions?

In this episode, Brian is joined by Kama Moseley from Lockton Private Risk Solutions. With her unique blend of legal expertise and insurance knowledge, Kama delves into the unprecedented challenges of the current insurance market. They explore how severe weather events, interest rates, and inflation are reshaping insurance strategies, especially for ultra-high-net-worth individuals. Kama shares insightful tips on navigating this turbulent market, emphasizing the importance of comprehensive risk management and the role of insurance in legacy preservation.

[00:01 - 08:08] Introduction to Kama Moseley and Lockton

• Kama's background in law and insurance
• Lockton's status as a privately owned company influences its operations
• Lockton's unique position in the insurance market

[08:09 - 15:17] Discussing the Hard Market in Insurance

• Understanding of what a hard market in insurance means
• How clients are affected by rising premiums and policy changes
• The importance of having a knowledgeable broker in tough markets

[15:18 - 22:08] Private Risk and Liability Concerns

• The evolving nature of private risk insurance
• The significance of liability coverage in protecting assets
• Strategies for managing personal risk

[22:09 - 30:00] Breaking Down Insurance Terms

• Clarity on fundamental insurance terms
• Insight into the reasons behind rising premiums
• The potential future trajectory of insurance costs

[30:01 - 38:30] Liability and Risk Management Strategies

• The need for comprehensive risk management
• The role of insurance in legacy preservation
• Effective strategies for ultra-high-net-worth individuals

Key Quotes:

"In an unprecedented hard market, it's about finding new avenues to manage risks effectively." - Kama Moseley

"Insurance is not just about premiums; it's about understanding and covering your true risks." - Kama Moseley

Connect with Kama!

Website:https://global.lockton.com/co/es 

LinkedIn: https://www.linkedin.com/in/kamamoseley



This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.

Connect with me:

https://www.linkedin.com/in/brian-c-adams/  (LinkedIn)

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