Three-Quarters of Companies Underinsured Against Profit-Threatening Risks: Hub 2025 Outlook Report - Insurance-Canada.ca

Stay Competitive With a ‘Lean in, Seek Opportunity’ Approach to Strengthen Financial Stability, Workforce Vitality and Build Resilience Chicago, IL (Dec.3, 2024) – Hub International Limited, a leading global insurance brokerage and financial services firm, has released the HUB 2025 North American Outlook Report, which features insights from the Executive Survey and reveals many business leaders expressed a sense of uncertainty regarding preparedness for emerging threats.Utilizing insurance, risk management and employee benefits strategies to improve profitability, vitality and resilience continue to be untapped methods for most respondents.

“The acceleration of risk has never been faster, so organizations have to be more proactive than ever to be fully prepared,” said Marc Cohen, HUB President and CEO.“The HUB survey results show that leaders are thinking about these risks but require assistance from the right partner.Leveraging insurance to protect profitability, investing in data analytics to improve workforce vitality, and building a comprehensive ERM (enterprise risk management) plan to be resilient against future risks, are the solutions and strategies executives need to consider.” Inflation, climate change, natural disasters, cyber threats, AI and unpredictable geopolitical events are putting businesses on notice to adopt a proactive and adaptable risk and insurance approach for sustainable growth and resilience.

The HUB 2025 North American Outlook Report outlines a plan on how to prepare for these challenges, leverage data-driven insights, access strategic insurance options, and commit to employee well-being to protect profitability and build a resilient future.The survey findings highlight four key takeaways for organizations seeking to thrive in this dynamic environment: Access the report here.HUB 2025 Outlook Survey Methodology Conducted earlier this year, the survey polled 900 business leaders across corporate, risk, human resources and education/nonprofit functions from companies in 11 industries in the U.S.

and Canada.Survey findings provide insights into the risks that companies perceive in the present and future, their level of preparedness and the measures they plan to take to mitigate the identified risks.HUB also conducted a 2025 Outlook High Net Worth Survey, which surveyed 200 high-net-worth individuals and their advisors on the issues affecting affluent families and strategies to safeguard wealth.

About Hub International Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services.With more than 18,000 employees in offices located throughout North America, Hub’s vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow.For more information, please visit hubinternational.com.

Tags: Hub International, outlook / predictions, protection gap

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