Risk managers want broker tenders to focus on service quality, team continuity and clear fees, with technology supporting rather than complicating the decision.
Kyle Roper, GB lead, risk and analytics at WTW, says businesses need a more holistic view of risk as pressure grows on insurance spend and resilience planning.
Risk professionals need to show how their work protects cash flow, capital and resilience, rather than rely on technical insurance language, Airmic has warned.
Trade associations publish joint report with short, medium and long-term action points on how to mitigate protection gaps, including a product design pivot to focus on outcomes rather than strict lines of business
Previously a back-office function, resilience in the digital space is now in the spotlight. At an SR:500 roundtable in asssociation with Marsh, risk leaders explored how AI, regulation and culture are highlighting new strategies and demanding board-level attention.
Risk management will be characterised by embracing ESG, risk culture and smart use of artificial intelligence, according to Airmic’s Future of the Profession 2023 report.
The executive and professional lines market is offering its most favourable pricing in years – but beneath these softening conditions, global tension, rising insolvencies and digital enforcement are ever-harder to navigate. Smart buyers will use the moment to secure better cover with partners built to last, writes BHSI’s Scotland Walsh-Riddle.
As regulation, climate risk and captive demand reshape multinational insurance, HDI Global’s Phil McDowell explains why businesses need more than a patchwork of local policies – they need the consistency, control and reach that a truly global programme delivers.
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As nat cats grow more severe, insurance gaps are widening - but parametric solutions might hold the key to resilience, says Dianna Nelson, a senior structurer at Swiss Re Corporate Solutions