June 2015

Spotlight – In international business, almost every market around the world does things in a different way. This often leads to misunderstandings and unfulfilled expectations. However, different does not need to mean difficult and knowledge of the needs and characteristics of specific geographic markets is an advantage to those who are active in the global economy. These articles help you understand different aspects of the insurance industry around the world, enabling those who do business there to feel more “at home, abroad.”

Ten years ago, Hurricane Katrina scythed through New Orleans causing massive damage and taking many lives. 80% of the residents were evacuated before the storm struck; 80% of the city was flooded. There were major implications for the population, economy and politics. New Orleans was a – if not is – the place to go for a successful conference and for those who ever attended RIMS (the annual conference of the North American Risk Management Society), very few of the other venues were as popular as New Orleans. Stories of what happened in the French Quarter abound – and they are never exaggerated. It is not difficult to believe, therefore, the many loyal RIMS-goers having to cope with the thought that they would no longer be able to experience and celebrate insurance and risk management fortunes in New Orleans.

Well, after a lot of sweat and tears, the once-deemed impossible has happened again and almost everybody went. Leading the many who wished to see how NOLA (as the city warmly calls itself now), managed to rise out of the mud and destruction, our illustrious and adventurous PIA colleague took a long look. Alexander Hodges, founder of ISN, the Insurance Services Network produces a gem of a newsletter, The Lettertm and he has produced a special issue of the Letter – RIMS 2015, see here.

While the emphasis of the editorial and some of the articles relate to NOLA and RIMS, readers will have a chance to see why ISN has chiselled a unique and elite reputation in the world of insurance media. Any questions or comments should be directed to Alex Hodges at info@irletter.com