Seize the Opportunity to Drive Impact Based on our survey findings, here are four key actions that organizations must consider to prepare for the future. Lean into insurance as a strategic tool and not a procurement exercise. 1 Risk exposures are increasing in complexity, frequency and severity. When it comes to insurance, don’t just set it and forget it. Insurance programs should be reviewed at least annually with an insurance broker and replacement costs and policy limits updated. Lean into data and analytics to power business strategy. Business leaders have gone from a “toe in the water” to a massive acceleration in the use of data and 2 analytics to manage insurance costs, enhance employee benefits and “to see around the corner.” Leading-edge organizations that use data and analytics possess greater insight into risk exposures, increase employee engagement and achieve greater alignment when it comes to decision-making. Lean into alternative risk transfer solutions. 3 When traditional insurance coverage isn’t available at an affordable cost, organizations need to explore other coverage options to protect their bottom line, company reputation and people. These alternative solutions may include captives and parametric insurance. Lean into risk management to build better resilience. 4 Organizations that integrate risk management into their corporate culture and overall business strategy are better equipped to navigate turbulence than their competitors. More importantly, such organizations gain the power to turn business disruption into opportunities for growth. 6 | HUB International North America 2025 Outlook Report HUB International 2025 North American Outlook Report | 6