The current casualty risk landscape is creating numerous challenges for organizations. A heightened litigation environment, longer claim cycles, and increasing jury verdicts all contribute to higher casualty rates.
Faced with an increasingly challenging environment, it is important for senior leaders to take a proactive approach to managing their casualty risks, both through actions to minimize the risk of incidents as well as by identifying and addressing potentially problematic claims early. Data-driven insights can help companies identify potential pitfalls to reduce the risk of catastrophic losses and also provide critical information to help them refine their risk retention and transfer approaches.
In this episode of Risk in Context, our speakers share effective strategies that organizations should consider to control their casualty risks and they discuss actions that senior leaders can take to optimize their casualty insurance program in line with evolving and emerging risks.