Experts: More midsize firms are pursuing qualitative broker reviews

03/25/2013 | Business Insurance (tiered subscription model)

More risk managers, particularly those with midsize companies, are using qualitative assessments to evaluate their brokers' performance in meeting risk-management requirements, experts say. "Midsized corporations can't afford the large payrolls they would need to hire in-house experts in a lot of these fields. ... We've got to look to the outside for someone who can deliver that robust expertise at a reasonable price," said Daniel Sielicki, risk-management director at Baker Concrete Construction.

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