“Not all risks can be managed out of existence and it’s time for insurers to step up”.
Risk/reward, the pivot on which almost all business decisions turn, has rarely been so out of kilter. A cocktail of toxic events, Covid, the war in Ukraine, cyber crime, climate change, inflation, has loaded the balance so heavily towards risk that businesses are being forced to reassess even day to day processes and functions. Or at least that’s what they should be doing.
In this article, Bruce Hepburn, CEO at Mactavish, analyses the current situation of the insurance industry and the importance of getting the right insurance cover, to not rely on off-the-peg products.
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