Across Asia, businesses are facing rising volatility and accelerating intensity and severity of losses from issues such as supply chain disruptions, natural catastrophes, cyberattacks, and directors and officers liabilities.
Combined with an inflationary environment, these issues are causing an impact on asset valuations and business interruption (BI) declared values. As these values shift and organisations’ corporate insurance programs and coverage limits remain unchanged, the key concern is a growing protection gap that leaves companies increasingly underinsured.
For any organisation, realising that an existing insurance program has become inadequate only after a risk event has occurred can result in far-reaching and costly financial, operational, and even reputational consequences. An inflationary environment further exacerbates the uncertainty over future claims, exposing the business to higher risk of underestimating current claims.
In particular, small- and medium-sized businesses that are underinsured might not have the financial means to bear uninsured losses and the higher-than-expected recovery costs following a risk event or crisis.
To accurately assess your organisation’s preparedness and adequacy of its existing corporate insurance program and risk controls, Marsh has created the Corporate Insurance Survey — a free diagnostic that takes only seven minutes to complete. The survey focuses on five key areas where underinsurance could most likely arise for businesses:
Your responses to your company’s existing risk controls in these key areas will be comprehensively analysed and assessed.
After completing the assessment, you will receive your customised report within 48 hours.
Once your report is ready, you can connect with our experts anytime to receive further analysis on your benchmarked ratings, identify potential protection gaps and areas of underinsurance, and discuss the report’s recommendations.
The report is your starting point to building and implementing strategic risk controls that are well-aligned with your business’s needs.
Marsh, the world’s largest insurance broker and risk advisor, is dedicated to helping clients globally and in Asia manage risk effectively. Leveraging robust technology and data capabilities, Marsh’s long-standing expertise in designing, developing, and implementing innovative and efficient risk solutions across diverse industries and geographies delivers sustainable benefits for clients and empowers them to take advantage of opportunities that foster resilient business growth and expansion.