2021 Real Estate Benchmark Report Published 

COLUMBUS, OHIO – The 2021 Real Estate Benchmark Report is now available from Assurex Global. This report provides real estate company executives valuable information, in addition to commentary from subject matter experts who understand the complexity of their industry and risk exposures. The study aims to help these companies build a solid framework for their own insurance purchasing decisions.   

Despite a tough 2020 for real estate, the industry remains one of the largest market segments in the U.S. economy. According to data collected from the Department of Energy and National Fire Protection Association (NFPA), there are more than 800,000 office buildings, with more than 12 billion square feet in America. There are also nearly 600,000 warehouse and storage buildings and more than 650,000 mercantile buildings.  

“It’s a big win for the Real Estate Practice Group to produce this study – a tangible expression of how we harness industry expertise across the Assurex Global network to help clients make better informed decisions,” said Andrew Krantz, Senior Vice President and Principal at Assurex Global partner firm, York International Agency. “When we can turn data into meaningful insights, we help pave a smoother path for clients in their pursuit of greater transparency and control to improve their insurance and risk management outcomes.” 

How does this relate to dollars? Real estate companies that understand what and where the risks are and the impact that it may have on the bottom line have an advantage. For example, according to the NFPA, there were 1.3 million fires, causing $15 billion in losses, 3,700 deaths, and 16,000 injuries in 2019. Also, there were more than 5,000 weather-related events exceeding an additional $25 billion in loss. These numbers directly impact companies’ risk and insurance needs. Understanding and having adequate coverage is essential to mitigate the financial risks.  

The focus on the 2021 report includes more than 1,600 U.S. companies. The concentration of the study was on property, general liability, and excess liability insurance decisions. 

Assurex Global commissions numerous reports throughout the year to assist partners and their clients. Information on other industries such as construction, education, manufacturing, and technology, are available at assurexglobal.com.  

Assurex Global (www.assurexglobal.com) is the world’s largest privately held property and casualty insurance, risk management, and employee benefits brokerage group. The company operates as an exclusive partnership, supported by more than 100 of the most respected and successful global insurance broker members.