Legal, Compliance & Risk
0 DAYS TO THE EVENT
Legal, Compliance & Risk
Dec 08, 2021, 2:00 PM EST
Online: 75-mins

Insurance. You need it, and it’s getting ever-more expensive. Whether it’s insurance of assets and portfolios or corporate insurance, such as general liability, commercial property, workers comp, data breach, premiums are rising by double-digits.

 

Since November 2019, NAREIM members have talked about year-over-year increases of 15% to 20%. In 2022, the same is expected to happen again.

 

In the first of a series of member conversations focused on Legal, Compliance & Risk, we look at insurance risk management and ask 2 key questions:

  • What are your mitigation strategies at the asset/vehicle/portfolio and corporate level?

  • How do you staff and cover insurance risk?

Check out the agenda below.

 

Complimentary

NAREIM's virtual meetings are complimentary and open to all NAREIM member firms. We invite General Counsels, CCOs, CROs, legal, compliance and risk management professionals to the following conversation.

 

Format:

NAREIM focuses on peer-to-peer conversation as much as possible.

 

Why? Because, the goal of any meeting is to network (and build personal connections) with people facing the same challenges as you. As legal, compliance and risk executives you want to talk with others about the day-in/day-out pain points of running a real estate investment management business - so you can share and learn potential solutions and best practices.

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Agenda

All times are ET
 

In the first of a series of member conversations focused on Legal, Compliance & Risk, we look at insurance risk management.

2pm ET: Welcome Comments

2.05pm: Insurance premium expectations in 2022: asset and corporate overview

A short, 15-min presentation with Lockton Companies provides members with an overview of insurance premium expectations in 2022, including property-level insurance rates as well as corporate and business coverage. We discuss:

  • Premiums, market capacity, loss ratios and insurable values

  • Presented by:

    • Danielle Lombardo, Senior Vice President, Lockton Companies

    • Tom Pipala, SVP, Northeast Real Estate Practice Leader, Lockton Companies

The presentation is followed by 10-mins of whole room Q&A.

 

Member-only discussion

2.30pm: Insurance risk mitigation strategies and staffing

In whole room Q&A, members discuss mitigation strategies and share insights into how their teams are structured around this growing function within the real estate investment management firm

  1. What are your mitigation strategies at the asset/vehicle/portfolio and corporate level?

    • General:

      • Are you accepting higher deductibles?

      • Are you finding alternative carriers?

      • What about risk evaluation reporting and loss control inspections

    • Asset-level:

      • Active risk management at the asset/vehicle/portfolio level? What measures are you taking? What’s having the greatest success? Who is leading that resiliency work? How does it integrate with existing ESG strategies?

      • What about self-insurance? Is it suitable? What’s the impact on loan docs and lender agreements?

      • Are you limiting the insurable value of certain property types within a vehicle/portfolio (such as multifamily)?

  2. How do you staff and cover insurance risk?

    • It’s a growing area for all real estate investment management firms, but how are you staffing insurance risk?

    • Do you have dedicated or designated professionals? Who takes the lead on insurance? What are the reporting lines?

    • What is working? What isn’t working for you?

3.15pm: End of meeting

Draft agenda, subject to change

Past agendas

 

Eligibility to attend:

NAREIM meetings are open to NAREIM members only and their guests. For further information on attending meeting or other NAREIM discussions, please contact Zoe Hughes, CEO. Please note that any executive who is not a NAREIM member, guest of a member or working in the real estate investment management industry will not be admitted to NAREIM events. NAREIM reserves the right to decline any registration. By registering for NAREIM events, you are consenting to NAREIM’s privacy policy.