A recent panel discussion brought together experts from Willis, Marsh, and Risk Strategies to talk about the challenges and risks companies face in corporate insurance. The event, part of the Q3 Professional Risks Power Panel, focused on key areas including how to set insurance limits and retentions wisely, the growing concern around risks tied to artificial intelligence, and the impact of environmental, social, and governance (ESG) issues on management liability insurance.
One of the big topics was the difficulty brokers have in securing enough excess directors and officers (D&O) insurance capacity. This coverage protects company leaders from personal losses if they are sued for decisions made on behalf of the business, and demand for it is rising as risks evolve.
Panelists also looked ahead to the emerging threats companies could face as AI technology becomes more common. They highlighted the need for careful advice and new strategies to handle these risks effectively.
Additionally, there was talk about how ESG issues are shaping insurance packages, with brokers needing to keep these factors in mind when putting together management liability cover. The conversation emphasized that companies and brokers alike must stay alert and prepared for these shifts.
This discussion was part of a wider series of conversations around insurance topics, with other recent sessions covering areas like cyber insurance, the future of wholesale insurance, talent challenges in the industry, and changes in self-funded healthcare plans. The panel offered valuable insight for anyone involved in corporate insurance, helping shape how businesses can protect themselves in a rapidly changing world.