Navigating the global casualty insurance market is not for the faint-hearted and has been the subject of an Airmic benchmarking survey and additional research by the insurer Chartis. They found that careful insurer selection is essential to satisfy three key areas of concern among risk managers in the current market environment:
• legislative change – especially environmental exposures;
• the economic climate – the importance of loss control in managing leakage and margin pressure; and
• compliance – requirements from multinational carriers. The full results will be announced at the Airmic annual conference.