A vast amount of evidence seems to suggest that the frequency and severity of environmental ‘events’ is increasing, with significant risk exposure and threat across both the developed and developing world.
We were appointed to carry out a broad ranging series of interviews with corporate clients, to better understand their view on future risks and the degree of insurance support that they will need – the way in which this might change their view of ‘insurable risks’, and whether the anticipated increase in frequency and severity was driving them to make different business decisions in the immediate and longer term.
The outcome of the research was presented to the client and their senior management team, together with the recommendations from the companies interviewed. This is now under consideration in terms of how best our clients respond to those future demands.