The Retailer Winter 2018/19

Bringing certainty As many retailers grow their intangible assets, insurance is having to respond with new products that move away from simply covering a shop building that’s been flooded or burnt down. Parametric insurance meets that coverage gap and can apply equally to a retailer with a strong physical presence, pure online presence, or both. Additionally, as the parameters of each policy can be flexed to suit each retailer, the pricing of these policies can also be very competitive, particularly given the level of confidence they provide for retailers when it comes to managing their earnings volatility. Only a few years ago, cyber insurance was seen as a ‘nice to have’ but not the essential purchase that it has become today. In the same way, we expect to see parametric insurance take up a growing place in every retailer’s risk management programme as businesses look beyond traditional risks and use insurance to help them bring more certainty to their business. For further information on parametric insurance solutions contact Dan Fox, UK Retail Practice Leader, Aon. Whilst care has been taken in the production of this article and the information contained within it has been obtained from sources that Aon UK Limited believes to be reliable, Aon UK Limited does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose of the article or any part of it and can accept no liability for any loss incurred in any way whatsoever by any person who may rely on it. In any case any recipient shall be entirely responsible for the use to which it puts this article. This article has been compiled using information available to us up to 14.01.19. Aon is authorised and regulated by the Financial Conduct Authority.

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DAN FOX // Dan.fox@aon.co.uk // +44 (0)7769 742803

the retailer | winter 2019 | 17