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Posted: December 20, 2016
2016 Year in Review: Anthony Kammas, Skyline Risk Management
Anthony Kammas, Skyline Risk ManagementName & Title: Anthony Kammas, Partner
Company Name: Skyline Risk Management
What was your most notable project, deal, transaction or professional achievement in 2016?
Our greatest accomplishment in 2016 was our company’s continued growth in the construction insurance market. We have been able to leverage our relationships to expand our presence. All the while helping our insureds procure proper coverage and solidifying our reputation as a leader in the space.
What project, transaction, market trend or product had the greatest impact on your industry this year?
The continued existence of the Scaffold Law (NYS Labor Law sections 240/241) which imposes “absolute liability” for elevation-related injuries on contractors and property owners in N.Y. This unique to N.Y. law continues to hurt the construction insurance market and every year including this one, more carriers leave the market because of the massive risk it subjects them to. This in turn drives up construction costs and makes it very difficult to procure proper coverage for N.Y. construction.
How will you be supercharging your productivity in 2017?
By leveraging new technologies and applying them in ways never before used in the insurance industry. In addition to licensing cutting edge agency management software, we are developing proprietary systems to make sure we provide each customer with best in class service in a timely manner.
What emerging trends will drive investment and development in 2017?
The insurance industry has traditionally been very slow in keeping up with technology. The emerging trend in Insurance is to be more proactive when it comes to technology. This applies not only to how business gets done but to what insurance products are on the market. The adoption of cyber liability insurance for example is exploding. Insurance brokers and their insureds have realized that in today’s world, businesses of all shapes and sizes require cyber liability insurance and this will continue well into 2017 as technology continues to change how people conduct business.
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