Understand the macro factors affecting rates and underwriting attitudes.
by Steven D. Davis
November 19, 2013

of concerns. Being exposed to an “average” rate increase is frustrating when you believe you’re well above average. Sell your story. It will make a difference.

Best practices, safety management and quality control will continue to be on the short list of the underwriting focus. Remember, underwriters will see hundreds of programs from other contractors, so be innovative, demonstrate knowledge and share information that will impact their macro factors.

While no one knew what would happen this year, we survived it. The ride was occasionally rough and the journey longer than desired, but in the end, the market’s “bark” far exceeded its “bite.”

The upcoming year will pose new challenges, some expected, most not. Maintaining a strategic risk management vision, supported by a fluid plan, will best serve your company.