Legal, Compliance & Risk
Exhaust the data and create a piecemeal carrier approach to mitigate 10%+ insurance premium hikes
Dec 10, 2021: Insurance rates are expected to increase up to 10% in 2022. The best way to mitigate double-digit increases in insurance rates is to exhaust all carrier options - and the asset-level data, the NAREIM Legal, Compliance & Risk meeting heard.
How will 2022 insurance premium trends impact legal, compliance & risk roles in real estate investment management?
With insurance premiums expected to continue their climb in 2022, NAREIM members discussed their mitigation strategies at the asset/vehicle/portfolio and corporate levels.