As P&C insurers shift toward “predict and prevent” models, fee-based risk management services could more than double revenue by 2030, transforming traditional business approaches, Deloitte says.
Both executives demonstrate how risk professionals have become driving forces behind business resilience and innovation in their respective industries.
Allianz report reveals 51% of companies fear civil unrest as protests spike worldwide; terrorism, state-sponsored sabotage, and environmental activism pose growing threats to operations.
Staffing shortages create additional risk as companies increase dashcam adoption by 29% and expand hands-free policies to protect drivers, a Nationwide survey finds.
Sensors collecting hyper-localized data on dozens of environmental factors are helping to build a better understanding of exposure to extreme weather events, and giving insureds more opportunities to predict and prevent losses.
The cyber insurance market is evolving rapidly, balancing competitive pricing with rising threats. Businesses must stay proactive in managing cyber risks.
Half of middle-market businesses feel unprepared for business risks, despite widespread safety measures and technology adoption, Nationwide survey finds.
Labor and interest rate issues have been top risk concerns for the construction sector in recent years. Construction supply chain risk management is also a key focus.