There is a growing disconnect between corporate risk managers and their insurance brokers and carriers, according to a new report. The 2010 Large Corporate Insurance Study, conducted by Greenwich Associates, targeted 683 corporate risk managers who expressed low satisfaction with the service they are receiving from virtually all U.S. insurance providers.
At a time when U.S. companies are enhancing internal risk management capabilities and elevating risk management to a strategic priority, many brokers and carriers are responding to their own business pressures by becoming more bottom-line focused and transactional in the corporate insurance business, notes the Stamford, Ct., advisory firm.
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