12 3Budget wisely and inform senior leaders within your organization that uncertainties in the property marketplace—especially catastrophe-exposed assets—could have negative e昀昀ects on your property coverage terms and/or pricing. 4There’s no “one size 昀椀ts all” approach when it comes to managing risk. MMA has a track record for strong performance in any market conditions through our broad market access. Work with MMA to: » Adopt a holistic loss control focus, which » Explore alternative risk solutions such as includes investment to mitigate and reduce captives and parametric insurance, especially risk. This investment not only includes when traditional risk transfer insurance annual maintenance, but immediate capital may prove too costly or unavailable. outlay to address critical loss control » In昀氀uence carriers to potentially refocus recommendations. Insureds can work with margin clauses or other coverage MMA and their insurers to prioritize the limitations to the areas of most loss prevention measures that will best minimize rate increases. signi昀椀cance instead of letting carriers use a broad brush across your entire program. » Optimize insurance purchasing decisions » Obtain, when possible, early property and design of risk transfer options. renewal commitments from carriers and » Get a thorough submission to market bind coverage quickly. at least 60–75+ days in advance of your property renewal.