Strategic Techniques to Mitigate Rising Commercial Insurance Costs
Commercial insurance has evolved from a routine expense to a volatile financial challenge for businesses globally. Premiums surged 19% on average in Q2 2020—the eleventh consecutive quarter of increases since 2012. Passive cost-cutting measures no longer suffice.
CFOs must now deploy advanced risk engineering and data monetization to fundamentally alter their risk profiles. Seven strategic approaches—from proprietary methodologies to financial structuring—are critical to securing sustainable rate reductions.