NU Online News Service, April 12, 2:35 p.m. EST
With rates rising in many commercial-insurance lines—although not uniformly across all lines—risk managers may have to deliver unpleasant news at budget time, but they should stress the value of the products, rather than just the cost, Willis' chief executive says.
In an introduction to Willis' latest “Market Realities” report, Chairman and Chief Executive Officer Joseph Plumeri writes, “The role of the insurer is to make sure they survive the storms so that when their clients need them, they will be here. What insurers offer…is their own resilience.”
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