To control costs and optimize insurance availability an overwhelming number of risk managers feel their organization must conduct deeper research into their risk to reap the full benefits of analytics, according to an online survey taken by insurance broker Marsh.
Nearly 80 percent of risk managers attending a Marsh webinar, "Using Data and Analytics for Optimal Risk Management," says their companies need to take a closer examination of risk-related data.
Of companies employing a risk manager, close to 44 percent say they do not have a set dollar-amount threshold for unexpected losses and 29 percent do not know if their company is aware of how much risk they can take on—about the same number that do quantify and share risk information with their insurance managers.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
