Insurance Clusters

An insurance cluster is an association or group of insurers that collectively join together in order to offer mutual benefits and better service. It is like a network, but personalized and more geared towards the particular concerns and issues of specific insurance companies. This means that you know not only your individual company's challenges and pain points, but the pain points of other insurance companies as well. It means that there are common points of focus and you can all work together to get realistic solutions. A cluster of insurers is usually made up of smaller businesses with very similar issues and goals. The key to being successful in this type of relationship is to be transparent and up front about your expectations and the problems you face. When you know where your company stands you will have more leverage and greater control of how you interact with other companies. By having a good relationship with the others, you will be able to reach mutually beneficial goal...