2015 Risk & Insurance Outlook: Are These Projections Holding True?

It’s hard to believe we are almost two months into 2015. Is it us or is this year flying by?

Back in January, our team got together to discuss the trends expected to hit the risk and insurance industry this year. Below is a brief synopsis of some of our findings.

The market will continue to soften.
Experts report that worldwide property losses totaled $21 billion in the first 6 months of 2014. That’s $4 billion less than the first six months of 2013. As we approach the end of February, it’s looking like the downward trend may in fact continue.
Data will remain powerful and relevant.
Being able to differentiate your property risk profile by collecting and maintaining COPE and secondary COPE data continues to carry weight when it comes to receiving the most favorable pricing from your insurance provider.
Technology will continue to change the way business is done.
Continued shifts in the way information is consumed along with the emphasis on more data and less paper has led many entities to adopt software solutions for managing property data and insurable values.

We’re curious what you think. Are you seeing evidence of these trends in your day-to-day? What other trends do you see on the horizon? E-mail us at info@assetworks.com to comment on this blog post!

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2020-11-12T13:47:08-05:00Tags: , , |

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