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The global economic crisis of the past two years has moved the real estate industry into an unprecedented environment. Fewer properties are changing hands, occupancy rates are down, and the focus is centered on asset management and cost reduction. Packaged real estate mortgages coming due in the next few years have caused concern about the real estate marketplace's capacity to assume that debt. Insurance requirements for the real estate sector have evolved, and the insurance markets have had to adapt accordingly.
Marsh's Real Estate Practice has produced a 2009 benchmark study that compares the risk management and insurance programs of more than 370 buyers of insurance products in the real estate industry in the United States and Canada. This report combines our most current benchmarking data into one single and uniform document focused on real estate 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 2009 Real Estate Industry 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 global insurance market for the real estate industry and provides information on all major lines of coverage.
Obtain a copy of our Real Estate Risk Benchmark
Report.
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Contacts
Real Estate Practice
Global Real Estate Practice Leader
617 421 0476
Real Estate Knowledge Manager
617 421 0282
Marsh Benchmarking
212 345 1870
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