- Underutilized Alternative Risk Strategies – Captive protection, parametric and other alternative solutions are still not fully explored by many customers. “If you don’t proactively evaluate these options, you’re going to face significant headwinds,” warns Stadler.
- Cyber risk complexity – Many companies purchase cyber insurance as a one-size-fits-all solution rather than customized to their actual risk profile. As cyber claims become more advanced, this makes them vulnerable.
- Casualty Severity Trends – The surge in mid-range claims requires more rigorous risk prevention and claims management, Stadler said.
Different markets require holistic risk strategies
Stadler said that while real estate prices are slowing, casualties are still rising sharply, driven by social inflation, nuclear verdicts and an increase in moderately serious claims of $1 million to $20 million. He warned brokers and middle market leaders not to view these trends in isolation.
