Private equity firms’ knowledge of the insurance market and strategic use of cover remains relatively limited, according to research from Gallagher. The company is one of the largest insurance broking, risk management, and consulting services in the world.
PE Industry by the Numbers
Risk management has been the most important aspect of navigating through COVID-19 for private equity firms. Benefiting from pricing dislocation and quickly responding to emerging opportunities over an investment cycle are at the top of the to-do list.
According to Gallagher, 17% of global private equity firms report a deep knowledge and awareness of the insurance market. Additionally, 19% of PE firms are unsure what insurance their firm has in place.
In the first quarter of 2020, thorough insurance…