Economic Recovery Create Risk Profile Change WEBINAR TODAY 11Am EDT

Economic Recovery Create Risk Profile Change WEBINAR TODAY 11am EDT

Our Risk/Recovery Webinar will be held today at 11am EDT featuring Kurt Karl, Swiss Re’s head of Economic Research and Consulting; Joel Goldberg, CEO, Aurico; and Patrick Clarke, Manager; Absence, Health, and Productivity Services, Zurich North America with Advisen’s Dave Bradford as they examine risk management strategies during the economic recovery. This webinar is sponsored by Zurich.

https://www1.gotomeeting.com/register/915580281

Our panel will examine risk management strategies during the economic recovery. The improving economic climate is good news, but the risk profiles of companies change as business activity picks up. Increased activity means not only proportionately more losses, but also increased exposure in areas such as workers’ compensation and employment related suits. This free one hour Advisen Webinar is aimed at insurance buyers and CFOs, and is sponsored by Zurich.

The improving economic climate is good news, but the risk profiles of companies change as business activity picks up. Increased activity means not only proportionately more losses, but also increased exposure in areas such as workers' compensation and employment related suits. This free one hour Advisen Webinar is aimed at insurance buyers and CFOs, and is sponsored by Zurich.

PANELISTS

• Patrick Clarke, Manager; Absence, Health, and Productivity Services, Zurich North America

• Kurt Karl, SVP and head of Swiss Re’s Economic Research and Consulting, North America.

• Joel Goldberg, CEO, Aurico Reports, Inc.

• Calvin Beyer, Vice President; Head of Manufacturing, Zurich North America Commercial

• David Bradford, EVP & Chief Knowledge Officer at Advisen

LIVE & UNREHEARSED

Dave Bradford will moderate this panel. As is the standard for Advisen’s Webinars, we expect a lively and informative discussion as well as engaging Q&A. If you would like to suggest a question in advance, send it to Tim Walsh at

INTRODUCTION

Slowly, but with growing certainty, the economy is recovering. US GDP grew 5.6 percent in the fourth quarter, and consumer confidence is on the rise. Improving economic vitality is good news, but for many companies, their risk profiles change as business activity picks up. Increased activity means proportionately more losses: more trucks driving more miles will inevitably result in more accidents, for example. Where the important changes to the risk profile take place, however, is in areas where exposure to loss increases disproportionately to the growth in business activity.

As the economy improves, companies should identify those areas where exposure to loss increases and take steps to manage the risk. Those steps can include various safety and loss control measures, but also should entail a review of insurance programs to be certain the coverages in place are adequate and appropriate to the changing risk profile.

Concerns about increased risks should not dissuade any company from taking full advantage of an improving economy, but companies should not let growth overwhelm prudent risk management. Many companies are likely to see their risk profiles change as business activity picks up, but by understanding where within their organizations exposures are likely to increase, business owners and managers can take steps to keep risk in check without dampening growth.