Advisen and Archipelago 2021 Property Risk Management Report
What do over 200 risk managers with portfolios of $100M+ in TIV think of the state of the property insurance space? This report outlines their thoughts.
The 2021 Property Risk Management Report is here! Archipelago and Advisen’s first annual survey brings to light the evolving opinions and roles of U.S. risk managers with large portfolios of insured property.
The results indicate the reliance that is placed upon risk managers to be an authority on business strategy and want more than just capacity from their insurance partners. Risk managers stated they wish to have more control of their own destiny and have challenged the industry to be more transparent and innovative in how they price and provide property insurance coverage solutions.
Some highlights of the report include:
59% of respondents aren’t satisfied with their property insurance program.
71% of respondents are not satisfied with how insurers price their property risk.
64% of risk managers want more insight from insurers on mitigating risks.