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RIMS RISKWORLD 2025: How Global Shifts Are Reshaping Supply Chain Insurance Needs
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With economic uncertainty, evolving global trade dynamics, and potential new tariffs, businesses are facing heightened risks within their supply chains. These disruptions make it more critical than ever for risk managers to reassess and restructure their insurance programs. The discussion breaks down the three types of business interruption (BI) coverage—traditional BI, extended BI, and contingent BI—and emphasizes the growing relevance of contingent BI due to supplier volatility. As companies shift suppliers—onshoring or relocating to avoid tariffs—understanding and adapting to new exposures becomes essential for resilience. Watch this interview at RIMS RISKWORLD in Chicago with Insurance Journal Vice President of Content, Andrea Wells and North America Leader of Risk Consulting at Aon, Joe Galusha.
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