Filed Under:Agent Broker, Commercial Business

At RIMS, Industry Execs Talk Pricing, Business Interruption & Cyber Risk

NU Online News Service, April 23, 12:00 p.m. EDT

PHILADELPHIA—Three subjects appeared to be most prominent in discussions between executives and risk managers in Philadelphia at this year’s Risk and Insurance Management Society meeting: price, business interruption and cyber risk.

Hall says risk managers have done a good job of understanding their contingent-business-interruption risk (a shutdown of a supplier that can affect their operation), but “now they have to do a great job and need to know the threats to their supply chain.”

That means quantifying that risk and defining the loss of a particular facility in their supply chain to their operation.

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