Broker Service and What Risk Managers want for the next 5 years:
Expertise, Innovations and Breadth of Product Offerings 48%
Better Broker Partnership 33%
Access to Specialized Markets (E&S) 19%
5 Risks Your Business Should Prepare For This Year
Cyber Risk– Driven by increased global reliance on technology against a background where data breaches are on the rise
DIC - Earthquake and Flood – The earthquake and flood insurance marketplace is very soft, which leaves an opportune time for businesses to pick up this policy very cheap. It’s time to buy this coverage.
Employment Practice Liability – With employment related issues in California and across the country challenging employers, this policy is a requirement these days. Wage and Hour is increasingly becoming more and more difficult to purchase. We suggest looking into this risk transfer vehicle.
Environmental & Natural Catastrophe Risks – There is an unprecedented number of extreme weather events happening every year, changes in global weather patterns, El Nino coming this year and the environmental impact of global energy production.
Political Risks – Given the consistent rise in geopolitical tensions and political violence.