In a market experience intense competition against a backdrop of economic uncertainty, property insurance is entering a period of 'managed change.' We are now seeing a tightening of premiums, ending an historic trend of reducing premiums, and also increased scrutiny on complex claims. Poor investment returns, growing competition and claims deterioration are leading insurers to be more risk averse and adopt a number of strategies to protect their profit margins.
At Gallagher, through our close working relationships with insurer partners, we are working together with clients to navigate the new market norm. We also have a strong track record with claims advocacy which can be a significant value-add in the event of a complex claim where you need the support of a specialist team.
Our advice is based on practical, proven knowledge of the needs and a deep understanding of the challenges with property insurance. As always in insurance. relationships and information are critical to success.
How we can help
The first step is always to get a deep understanding of the structure of your business, where the key risks exist and identifying gaps in coverage. This includes meeting key stakeholders and understanding their concerns. From there we develop a robust risk management and insurance response to the specific nature of your business and seek the best available cover.
For an obligation-free consultation and to speak with one of our Property Insurance specialists, call 1800 240 432 or complete the form opposite along with your preferred time for a call. We would be delighted to work with your team to support the business going forward.
Some other areas worth considering as part of your insurance review:
- Public Liability
- Cyber Risk Insurance
- Directors and Officers Liability
- Workers Compensation and Workplace Risk
Ready to discuss your current Property insurance arrangements? Let's get started.
Call us on 1800 240 432 for an oblligation free conversation with our Property team. Alternatively, complete the form opposite and we'll get in touch at your preferred time.