🌪️ Extreme weather is on the rise — and so are #CommercialRealEstateinsurance premiums. Although these weather events are likely to continue, the pricing heat doesn't have to, according to Deloitte's Renea Burns and Timothy Coy. Explore the strategies building owners can employ to help protect their investments, mitigate rising commercial property insurance costs, and keep their bottom lines afloat. https://lnkd.in/gCTNVTBm
Deloitte Sustainability’s Post
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☀️ Home insurers’ profitability forecast: Sunny with a chance of savings By investing in resiliency, making strategic partnerships, and addressing climate-related risks head-on, home insurance companies can help reduce weather-related claims losses by $37 billion by 2030. Deloitte's Kelly Cusick and Michelle B Canaan share their research and the proactive steps insurers can take as they work to bask in a better, brighter, future. https://lnkd.in/gz5fSXpb
From Risk to Resilience: Reducing Weather-Related Claims
www2.deloitte.com
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Deloitte predicts that by 2032, insurers could write around $4.7B in annual global AI insurance premiums. But to get there, insurance firms must quickly expand their pricing and risk management capabilities. More predictions in our latest FSI Predictions 2024: https://deloi.tt/3wRwAhe
FSI Predictions 2024
www2.deloitte.com
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Provide solutions - compliance digital suite, including whistleblowing solutions Passionate for Business Development, Partnership. Experienced in Sales, Channel - Commercial in Telco, Tech/SaaS and Financial Advisory
Deloitte predicts that by 2032, insurers could write around $4.7B in annual global AI insurance premiums. But to get there, insurance firms must quickly expand their pricing and risk management capabilities. More predictions in our latest FSI Predictions 2024: https://deloi.tt/3wRwAhe
FSI Predictions 2024
www2.deloitte.com
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"Climate change to increase US commercial real estate insurance costs: The links between climate change, extreme weather and insurance costs will likely remain for the foreseeable future. Deloitte predicts that the average monthly cost of insurance for a commercial building in the US could increase from $2,726 per month in 2023 to $4,890 per month in 2030, at an 8.7% compound annual growth rate. For states with the greatest extreme weather risk, current monthly costs could more than double." - Deloitte
FSI Predictions 2024
www2.deloitte.com
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Connector I Business Strategist I Mentor I Smart Technology Nerd I Executive Coach I Board Advisor I Industry Speaker I Energy Efficiency Advocate I GreenTech Evangelist I PropTech Tracker I Critical Thinker I AI Geek
Take a look at Deloitte FSI Predictions... #Retailers will face significantly higher operating costs due to a projected rise in commercial real estate insurance premiums associated with #climatechange, increasing from $2,726 per month in 2023 to $4,890 per month in 2030. For retailers with distributed portfolios, these costs will compound, straining budgets and potentially reducing funds available for other critical areas such as staffing and expansion. #retail #Energymanagementsystems #carbonreduction #climatechange
"Climate change to increase US commercial real estate insurance costs: The links between climate change, extreme weather and insurance costs will likely remain for the foreseeable future. Deloitte predicts that the average monthly cost of insurance for a commercial building in the US could increase from $2,726 per month in 2023 to $4,890 per month in 2030, at an 8.7% compound annual growth rate. For states with the greatest extreme weather risk, current monthly costs could more than double." - Deloitte
FSI Predictions 2024
www2.deloitte.com
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A reminder that the main rate of Class 1 Employee National Insurance contributions (NIC) will be reduced from 6 January 2024. This change will see Class 1 NICs reduced by 2% from 12% to 10% in a change set to benefit some 27 million employees. #NICreduction #NIC
Changes to NIC from January 2024
denmarkforrester.co.uk
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Inspiring a community of purposeful business - one beer at a time | Business Growth Adviser 🐘 | NED | Trustee | Great Taste award-winning craft beer 🍻 | Cotswold Lakes Camping ⛺️
We get a real buzz from working with such a diverse range of brilliant businesses, helping to develop purposeful growth journeys and inspiring business leaders to find their Why 💭💡 If you’d like a confidential discussion around your business growth ambitions and explore how Elephants Child can help you realise your full potential then please do get in touch 🐘 #purposedrivenbusiness #businessgrowth #findyourwhy
"A fantastic 4 days! The superb course content was matched by the discussions & sharing of ideas by the attendees." “This made me think about starting with the bigger picture, not diving straight into the detail." Fantastic feedback from the most recent cohort of our Building a World Class Advisory Practice delivered for the Chartered Insurance Institute. Whether we are working with a group of business owners or supporting an individual company, shaping holistic business growth plans that are practical and actionable is key to what we do. The next cohort with the CII starts in June. Find out more at https://lnkd.in/eU9hQbmH
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Excited to share our team is performing the Insurance ESG Survey for 2023/2024 - looking forward to see what is driving ESG change in the insurance market - please reach out if you want to take part! #esgreporting #insurance #sustainabilityreporting
I’m excited to share that our annual EY UK insurance sustainable finance survey is now live! If you’re a Life, General or Specialty insurer, please participate to drive a better understanding of the progress being made across the UK insurance market in the following areas: 🧭 ESG objectives 🌍 ESG integration across investments, underwriting, operations, risk, strategy, claims, and finance 🤝 Business partner engagement 📢 Communications and reporting 💻 ESG data strategy and tech infrastructure Take a look at last year’s snapshot summary for the latest findings. Insurers that take part will benefit from a comprehensive report including benchmarking analysis against industry peers, and will also be offered a session to deep-dive into our findings and to answer any questions. We will be collecting responses from now until late January 2024. To take part, please drop a line to Riti Patel at [email protected] or Tom Woodhouse at [email protected], and they will send you the survey link. In the meantime, have a good festive period! #esg #EYInsurance #sustainablefinance Martina Neary; James Tufts; Benedict Reid; Rodney Bonnard; Diego Jimenez-Huerta
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Pinnacle’s May APEX Webinar, “Governmental Risk Pools: Adding Value to the Public Entity Insurance Market” is now available for registration! Join Senior Consulting Actuary Daniel Linton and Consulting Actuary Nicole McArdle as they provide an overview of the market conditions that drove the formation of governmental risk pools, the challenges they continue to face and discuss how actuaries can serve as a collaborative partner in helping risk pools achieve their goals. Register now! https://lnkd.in/giKgdhHE
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Managing Director at Deloitte Consulting LLP | Human Capital COO | Credentialed Actuary & Consultant with 27 years of experience
Emerging technologies, regulatory developments, and hybrid work are changing the role of actuaries. Read the latest point of view from my Deloitte colleagues Tony Johnson, Nathan Pohle, and Sarah O'Toole about how these factors will change the job of an actuary and learn the skills and trainings that will be needed by actuaries in the future. https://lnkd.in/g_dD7s_q
Actuarial Roles of the Future
https://www.theactuarymagazine.org
