info@teutenriskconsulting.com
*LATEST NEWS*
Baltimore, MD, 8th June 2011 - Peter Teuten and Teuten Risk Consulting complete the development of Insurance Agency and Lloyd's Coverholder for Marinalife LLC, a leading provider of Concierge services to the Boating Industry in the US....read more.
THE BASICS: HERE'S WHAT YOU NEED TO KNOW ABOUT RISK
- A little about risk – enough to know and care that it is potentially fatal if unmanaged!
- That it can be used to gain a competitive advantage.
- That taking action is the only path to any form of defensibility – inaction is not a viable option.
- Accidents are not inevitable. Death and the cycle of life are inevitable, not accidents. They can be avoided.
- Some of the smartest people in the world are caught out by risk events. Being smart is unfortunately not enough. Learn more...
WHAT WE BRING TO THE TABLE
Teuten Risk Consulting is an expert risk and ERM consulting service to business and government. We deliver solutions in three key areas:
Risk Consulting
Custom Risk Assessments; Risk Impact Analyses; Insurance portfolio, purchasing and claimsmanagement; Controls Frameworks, Risk Registers and Internal Audit interfaces; Advocacy with regulatory authorities. learn more
Technology Advisory
Transition from manual processes to automation; Software implementation and configuration; Process automation and definition. learn more
Training
Risk management training and education; Management control workshops; Group Risk Seminars. learn more
BLOG
- Marinalife Insurance Services is born!
- The year in Risk - 2010's most memorable moments!
- Process first..and the numbers will follow
- Measure, Manage, Monitor - The Reality!
INDUSTRY NEWS
Gains in Insurance Divisions Help Pace AIG's Profit Surge
Sunday, May 6, 2012
American International Group Inc. AIG -3.84% said its first-quarter profit more than doubled to $3.21 billion, driven by improved results at the bailed-out company's main insurance businesses and market-price gains in the value of two major assets. AIG's operating income of $3.1 billion, or .. .. read more..
Innovation, Customer Service and Emerging Markets Top Insurers’ Concerns
Thursday, March 29, 2012
Auto insurers are getting more proactive in preventing car accidents with sensor devices, Big Data, telematics and social media, according to a new study. PwC’s “Top Issues in Insurance,” study reported that innovation is enabling insurers to make better and smarter use of greater.. .. read more..
U.S. to sell $6 billion in AIG stock
Thursday, March 8, 2012
WASHINGTON (Reuters)—The U.S. Treasury Department said on Wednesday it will sell $6 billion worth of American International Group Inc. stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind t.. .. read more..
Captive insurers strengthen business resilience
Wednesday, February 1, 2012
MIAMI—Resilience is more important than anticipation for businesses, Willis Group Holdings P.L.C. Chairman and CEO Joseph J. Plumeri told the 2012 World Captive Forum on Tuesday, but without a captive insurer a company's resilience is limited. Giving the keynote presentation at the World Capti.. .. read more..
Costa Concordia disaster hits marine insurers
Sunday, January 29, 2012
ISOLA DEL GIGLIO, Italy—Insurers continue to count the cost of the Costa Concordia cruise ship disaster and attorneys are preparing class action claims on victims' behalf, but experts say the impact of the tragedy on marine insurance rates is not yet clear. The loss of the 126,214 ton ship, .... .. read more..
WHAT WE ARE UP TO
Marinalife Insurance Services launches Concierge Boaters Insurance Product
Baltimore, MD, 8th June 2011. Marinalife, the leading online concierge service for boaters launched Marinalife Insurance Services (MIS) to provide expert insurance and risk management services to its membership community. MIS was created and established by Peter Teuten and Teuten Risk Management.......read more
Executive Pay – Overpaid with your money!
How can we justify massive pay packages for public companies losing money in a downward cycle? That’s an interesting, and ever controversial subject, which plays out with must partisan discourse in the court of public opinion. I saw the issue in its simplest terms in April 2009 (and still do!) .....read more and see video
TRC Announces the CAPTURE™ enterprise risk initiative
Having lead global market thinking in the early concepts of ERM well before ERM was ‘fashionable’, we have developed an advanced ERM 2.0 process implementation model to enable transition ERM initiatives from concept to reality... read more
WHAT OUR CLIENTS ARE SAYING
TCOM, LP in Columbia, MD has a very full order book thanks to a highly unique suite of Aerostat products and heightened global security. “The challenge of measuring, managing, and monitoring our diverse portfolio of risks is highly demanding. Peter Teuten is our highly trusted partner in making this a reality.” according to Carl Koontz, CFO, TCOM L.P. Columbia, MD
“Understanding the complexity of Marine and Boater related risks requires a deep knowledge and experience in the industry. Peter Teuten delivers that, as well as a broad range of business and entrepreneurial skills.” according to Joy McPeters, CEO of Marinalife LLC in Baltimore, MD
Sigma Risk is managing dozens of adjustments from the 2010 US Gulf Oil spill on behalf of both insured’s and in conjunction with regulators. “Business has been brisk and many lessons learned along the way.” according to Sigma President, Todd Thomas. “As businesses ponder the risks of the future ERM is coming to the fore and that is why Peter Teuten, with his in depth experience in the field, is so valuable to our franchise.”
