In a season of unprecedented change and hyperbolic rhetoric, we want to sound a word of caution and suggest the U.S. property/casualty insurance industry think critically about the possible adverse consequences of a headlong rush to impose steep rate increases to cover anticipated loss exposures. While raising rates might be how the industry has respondedContinue reading “Panic pricing might bring insurers unexpected results”
Tag Archives: risk management
Managing risk in a time of coronavirus
As companies emerge from government mandated COVID-19 shutdowns and begin the process of re-opening, they will have to balance a desire to resume operations with the risk of a liability exposure from customers or employees who get sick and claim the business was to blame. In tomorrow’s fragile economic recovery, such litigation could mean theContinue reading “Managing risk in a time of coronavirus”
Podcast: How to Enable Insurance for Pandemic Risk
Amid the ongoing coronavirus pandemic, there is huge concern about the economic impact from not only the spread of the virus but also how the US and other countries are working to limit its spread. Event cancellations, business interruption and economic losses are widespread and in many cases will not be covered by insurance. WayneContinue reading “Podcast: How to Enable Insurance for Pandemic Risk”
Embracing Risk Management as a Driver of Value
We have been telling everyone who would listen for a long time that the future of the insurance industry will be dictated, not by the insurers, but by the clients. We have also been telling you that this reorientation will manifest itself first on the commercial side of things, if for no other reason thanContinue reading “Embracing Risk Management as a Driver of Value”
Podcast: Risk Management Opportunities & Challenges
Wayne Allen and Chris Mandel, Senior VP of Strategic Risk for Sedgwick and Director of the Sedgwick Institute, discuss the opportunities and challenges for risk managers to improve the value they provide their organizations, and how many risk managers are not being provided with advice and insight on technology innovation that could improve the managementContinue reading “Podcast: Risk Management Opportunities & Challenges”