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Survey reveals risk managers are dissatisfied

06 July 2010

US corporate risk managers are reporting a serious and growing detachment between themselves and their insurance brokers and carriers, according to strategy management research firm Greenwich Associates.

US corporate risk managers are reporting a serious and growing detachment between themselves and their insurance brokers and carriers, according to strategy management research firm Greenwich Associates.

At a time when US companies are enhancing internal risk management capabilities and elevating risk management to a strategic priority, many brokers and carriers are responding to their own business pressures by becoming more income focused and transactional in the corporate insurance business.

The 683 corporate risk managers participating in Greenwich Associates’ 2010 Large Corporate Insurance Study expressed low satisfaction with the service they are receiving from virtually all US insurance providers. This lack of satisfaction has carried over...


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Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

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22%
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Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield