We review various media publications for information that provides insight into professional liability and related risks. We keep our clients up-to-date on pertinent studies and articles that are of specific interest, including providing analysis of claim notifications linked to specific locations, industry groups, or risk themes.
We flag risks with the potential of developing into trends and communicate key talking-points in annual reports and in timely communications. When a trend promises to have a substantial impact on an industry group it is added to our Global Trends report which helps clients understand potential impacts on their operations. We routinely engage with clients via conference calls and on-site meetings to discuss current and emerging risk trends.
We provide qualitative information about current business litigation and regulatory actions gathered solely from public sources. These summaries of Publicly Known Matters (PKMs) assist in understanding the source, quantum and details around matters that can impact risk management decisions related to potential risks, and may offer an opportunity to consider the availability and comprehensiveness of firms’ insurance coverage and the adequacy of insurance limits.
We remain current in respect to Publicly Known Matters around the globe. In highlighting the key aspects of the cases, our PKMs provide clear, tangible examples of matters when discussing litigation risk with concerned stakeholders. PKMs are also used to provide background on the professional liability landscape of various countries and to demonstrate the development of litigation and liability trends within these jurisdictions.
Our premium distribution models can be tailored to meet the needs of clients. These models address the equitable allocation of premiums between the national partnerships that comprise a global network. For these models, we have developed frameworks for evaluating environmental risk that estimate the relative level of prospective risk in various jurisdictions.
Objective, third-party assessment of relative risk between jurisdictions, sensitive to national and regional considerations, is the key to an appropriate and unbiased allocation methodology. Additionally, because allocation can be a delicate issue, we meet with firms to discuss the results of the risk rating model through a review and analysis of the risk environment at a country level.
Increasingly, risk management professionals are being asked to explain the impact of risks on business continuity, reputation, and risk financing. We help these professionals integrate discussions of risk into the strategic decision-making process.
Drawing on our research and analysis, we can carry out custom research projects that support clients in developing well-articulated and defensible risk management recommendations.