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June 25, 2013

Marsh Survey: 80% of Risk Managers Say Deeper Risk-Related Data in Needed

To control costs and optimize insurance availability an overwhelming number of risk managers feel their organization must conduct deeper research into their risk to reap the full benefits of analytics, according to an online survey taken by insurance broker Marsh.

Nearly 80 percent of risk managers attending a Marsh webinar, "Using Data and Analytics for Optimal Risk Management," says their companies need to take a closer examination of risk-related data.

Of companies employing a risk manager, close to 44 percent say they do not have a set dollar-amount threshold for unexpected losses and 29 percent do not know if their company is aware of how much risk they can take on—about the same number that do quantify and share risk information with their insurance managers.

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http://www.propertycasualty360.com/2013/06/25/marsh-survey-80-of-risk-managers-say-deeper-risk-r

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