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Insurance: Rising Risk. Rising Premiums. Rising Alternatives?

Date & Time April 16, 2024
1:00 pm EST
Venue Zoom Meeting

Presentation slides here.

Panelists: John Kempton, SVP, FHS Risk Management, Aiden Joo, Head of Alternative Risk Transfer, Marsh
Moderator: Robert Griswold, CRE, President, Griswold Real Estate Management

Commercial real estate insurance costs have risen 7.5% annually on average since 2017. Insurance costs as a percentage of income more than doubled in the last five years. The result? Higher operating expenses and downward pressure on net operating income.
Our panel will discuss:
· What real estate owners—large and small—are doing to reduce risk
· The emerging use of Alternative Risk Transfer insurance products and their benefits
· The challenge of higher reinsurance rates for American and European insurers
· The concept of insurance without insurance companies