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Key Takeaways From Advisen’s Casualty Insights Conference 2016

“We’re grappling with issues today that weren’t even on our radar just a few years ago,” explained Steve Kempsey, Marsh’s US Casualty leader, as he discussed some of the key takeaways from Advisen’s 2016 Casualty Insights Conference, held in New York.

 Among the primary issues on the minds of risk managers and other risk professionals these days is dealing with a quickly changing casualty risk landscape as innovations such as the on-demand economy, autonomous vehicles, drones, and other new technologies challenge insureds and insurers alike.

Kempsey also discusses how the role of the risk manager is changing. “Risk managers are tasked more with providing strategic insights to better manage risks. It’s clear from the conference that the risk managers who are most impactful are those who are the closest and most in tune with their core operations,” Kempsey pointed out.

Kempsey also covered the changing regulatory environment and the growing role of data and analytics in helping businesses keep up with today’s changes. He concludes by touching on how Marsh’s  MPACT® approach and data and analytics help companies not only adapt to a rapidly changing environment but also uncover opportunities.