Tracey Skinner, Airmic
Timing of renewals is also a concern, says Skinner ahead of Airmic Fest.
In the face of the hard market that has followed COVID-19, insurance buyers are now focusing far more on the core of what they really want to buy, according to Airmic chair Tracey Skinner.
“It is a case of buying what you can afford rather than what you had, and making some really difficult choices,” she said.
“For those of us lucky enough to have a captive, there is certainly far more use of that today than there was before, and for those that can be a bit more bullish and take on more self-insurance captive or not captive-related that is becoming an option.
Airmic, Risk Management, Insurance, Reinsurance, Tracey Skinner, North America