You’ve probably heard that a butterfly flapping its wings in one part of the world could set off a chain reaction leading to a hurricane.   But have you heard the [insurance] saying that a hurricane in Florida impacts your D&O in California?   The seemingly convoluted nature of insurance premiums become clearer once you understand them, and so are the broker solutions.

Who controls your legal defense - the insurer or you? Many companies assume their insurance will cover the cost of their preferred law firm, only to discover too late that their policy gives the insurer full control over counsel selection and reimbursement rates. This blog unpacks the Duty to Defend  provision, its financial impact, and what companies can do to negotiate better terms before a claim arises. #insurtech #riskmanagement #generalcounsel #cfo #fintech #regulatoryclaims

Benchmarking is everywhere in corporate insurance, but does it actually help clients? Too often, benchmarking is used as a shortcut- showing what other companies buy rather than what a business actually needs. The reality is that risk isn’t one-size-fits-all. True risk assessment requires more than just averages; it demands a deep understanding of industry-specific exposures, financial impact, and litigation trends. At URM, we’re using AI-driven insights to move beyond benchmarking and deliver precision in risk recommendations. #insurtech #riskmanagement #AI #insurancebrokers #benchmarking #insurancedata

AI is streamlining the insurance process, but when it comes to completing applications, brokers need to be careful. While automation can speed up data entry and reduce errors, it also shifts liability. If a broker (or an AI tool) fills out an application incorrectly, the company, not the client, may be held responsible for omissions or misrepresentations. Understanding where technology enhances efficiency versus where it introduces risk is critical for both brokers and their clients. #insurtech #riskmanagement #AI #insurancebrokers #fintech #insurance