Things have been tough in the world of insurance.
From bushfires and floods to class actions and a global pandemic, an ongoing string of environmental, legal and health crises in Australia has caused insurance premiums to rise. In addition, the increasing consolidation of brokers and shrinking availability of coverage has left a lot of companies struggling to know how to best meet their insurance needs.
But what can companies do to better understand their insurance needs? How can companies achieve better access to insurance markets or get better rates on their premiums? What other options are out there; how can companies best adapt?
Please join us for the G100 session ‘Insurance for Organisations in the Current Environment’ where Jefferson Gibbs (KPMG Partner and 2021 President of the Actuaries Institute) and his team will discuss:
- what’s driving increasing premiums and shrinking capacity in local and international insurance markets;
- the different ways in which the hardening market is impacting almost all companies – directly and indirectly;
- how companies are adapting, through alternative risk financing solutions and challenging established norms.