United Risk starts new insurance division - Alu conquers the USA!
United Risk starts new insurance division - Alu conquers the USA!
Miramar, Florida, USA - United Risk has founded a new business area called Applied Logistics Underwriters (ALU) to promote its expansion in the USA and strategic global markets. The management of the new division is responsible for Alejandro "Alex" Rosas-Salgado, who has over 155 years of family tradition in the insurance industry. Earlier positions of Rosas-Salgado included significant roles at Integand Assurance Company, Blue Waters Insurers Corp., Sompo International and Amwins, where he set up the Specialty Logistics Underwriting Division. Alu's new office is located in Miramar, Florida.
The business area will initially focus on US customers, but will soon be planning an expansion into international markets. ALU will offer technology-based underwriting procedures that are tailored to the needs of logistics, transport and seafaring industry. The services include a variety of insurance types, including sea freight, domestic transport, all-risk insurance, as well as liability insurance for carriers and freighters and their errors and verticals.
technological focus and industry requirements
The technological focus of aluminum is on the integration of modern analysis to improve efficiency in the industry. This is particularly important in a market in which there is a lack of excellent transaction methods, as Rosas-Salgado emphasizes. The aim is to win the loyalty of brokers and their customers and to switch the underwriting practices of experience-based approaches to data-based methods.
The challenges in the US market should not be underestimated. Increasing compensation amounts and collecting lawsuits represent risks that primarily affect exposure in the United States. In addition, dealing with PFAs (per- and polyfluorinated alkyl substances) in the European Union brings potential risks that can influence insurance management alike. These risks require a precise analysis and a strategic approach.
With this new start -up, United Risk closes a gap that is available in the industry and thus offers opportunities for customers and challenges for competitors. Alu has the potential to play a key role in the further development of the insurance market, in particular through the combination of traditional insurance competence and the latest technology.United Risk Global is an international platform for property and liability insurance with headquarters in New York. Applied Underwriters, the parent company of United Risk, is a global risk management company with a wide range of services in the USA, the United Kingdom, the EU and the Middle East.
In summary, it can be said that the establishment of aluminum by United Risk is an important step in the insurance industry, especially in an environment that is characterized by technological innovations and complex risk structures. It remains to be seen how Alu will position itself on the international market.
Kommentare (0)