In the current market we are seeing marked variations in both the terms and conditions and the price of cover, as well as the quality of the insurance capacity behind it in many lines of insurance. Some of the factors for businesses to consider are how much risk to retain versus transfer, and setting appropriate limits, deductibles and sub-limits for the different policies they require.
Topics covered include
Placement – why making a case for cover to local insurers is important.
Claims – the impacts of weather events on supply chain delays and claims inflation.
Directors and officers’ liability – new capacity brings lower premiums but also risks for the unwary.
Disability sector – the factors making insurance for this sector hard to find.
Regional construction costs – how climbing costs are driving premium increases.
Environmental, social responsibility and governance (ESG) – with an increased focus on ethical business practice insurers are scrutinising accountability.
Cyber security – how businesses need to meet the escalation of the risk environment.
How this report can help businesses face the future with confidence
Experts within the Gallagher network offer perspectives on critical trends and changes shaping the insurance and business landscape to help inform business risk strategies and practices. Working with Gallagher provides access to industry experts who can assist your business in formulating the risk and insurance solutions that achieve optimum protection amidst navigating complex market conditions.
Gallagher provides insurance, risk management and benefits consulting services for clients in response to both known and unknown risk exposures. When providing analysis and recommendations regarding potential insurance coverage, potential claims and/or operational strategy in response to national emergencies (including health crises), we do so from an insurance and/or risk management perspective.