Supply Chain Insurance Woes

Executives report difficulties in recovering losses.

As supply chains grow longer and the risks increase, some companies are finding available insurance solutions wanting. According to a recent survey, 61% of executives at big companies have experienced a supply chain interruption in the last five years that led to a loss, but only 30% had recovered losses or extra expenses from their insurers. More than half (52%) of the executives say they have never recovered on a claim related to a supply chain or operational loss.

The survey of 67 executives, most of them risk managers, was conducted by Dempsey Partners, a forensic accounting, claims management and risk consulting company in New York City.

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