Rising ‘Social Inflation’ Is Putting Midsize Businesses at Risk. Here’s Why.
On the podcast, QBE North America’s chief underwriting officer explains the drivers of liability and litigation risks in the middle market.
John Beckman, QBE North America’s chief underwriting officer, joins the podcast to discuss the risks to businesses posed by liability and litigation. Together, they represent the top risk facing midsize companies, according to findings from a recent QBE survey that examined risk in the middle market.
In the second of three podcast episodes featuring QBE leaders, Beckman explains the concept of “social inflation,” a key driver for increased liability and litigation risk. He also outlines what businesses can do to protect themselves, and the technology solutions available to help mitigate risk.
An earlier podcast episode featured Tom Fitzgerald, president of QBE North America’s Specialty & Commercial business, who described the top macro risks revealed by the survey.
Check back in the coming weeks to hear the final interview with QBE and a further exploration of risk in the middle market. Find the full risk report on QBE’s website.