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 The strong global economy of the last several years — notwithstanding the current slowdown — has produced increased business and consumer demand in both developed and developing markets. U.S. mobile and industrial equipment manufacturers have largely prospered during this period with expanded revenues and stronger bottom lines. From offshore sourcing and manufacturing to the expansion of export markets in the developing world, however, companies face not only their traditional risk issues, but also a new range of risk challenges.
Marsh collects and maintains extensive benchmark data for a wide variety of industries and risks. Our information is collected, aggregated, and analyzed by our industry and risk practice experts across the country.
Marsh's Manufacturing Practice has produced a new annual benchmark study, which compares the risk management and insurance programs of more than 430 buyers of insurance products in the mobile and industrial equipment manufacturing industry in the United States. This report combines our most current benchmarking data into one single and uniform document focused on the heavy manufacturing industry. Benchmarking is an extremely valuable tool that helps us validate insurance-program design, renewal strategies, and pricing targets to achieve positive results for our clients.
Marsh's Mobile and Industrial Equipment Manufacturing Risk Benchmark Report is intended to be a supplemental resource to help our clients make more informed decisions about their insurance programs. The report also outlines some of the recent trends in the insurance market for heavy manufacturing industry and provides information on all major lines of coverage.
Request a copy of the report.
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