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This message has been cross-posted to both the Risk Professionals and the Enterprise Risk Management E-Groups.
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I am interested in hearing how others are preparing for upcoming renewals this year as opposed to previous years. It is apparent that as buyers we can (should) no longer simply rely on carrier
ratings and broker minimum financial guidelines. What particulars are others delving into when assessing the financial solvency of the insurers? Surplus, reserves, investment portfolios, direction of the firm, stock prices, etc? Is your team gathering & analyzing the info or are you relying on your broker to bring the information to the table?
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Karyn
Connor
IEEE
Insurance Program Manager
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