e-tail therapy.
New economy businesses are built around intangible assets and key people, while insurance tends to be modelled on old economy business built around physical assets and management. Howard Pearson looks at changing insurance in changing times.
Insurance is changing. Goods are still manufactured, wholesaled andretailed. The pricing of the legal industry continues to be a mystery.
Large companies still dominate certain sectors with small companies
supplying them with everything from sandwiches to staff. And commercial
insurance brokers struggle to make a margin that would be acceptable in
any of their clients' businesses. So what is different about the 'new'
economy?
From a broker's viewpoint, the main change is in the point at which risk
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