Executive Stress — More Stressed in 2025 than 2024

Sentry Insurance hired Wakefield Research to look into insurance executive stress. It turns out that 67% of insurance executives are more stressed this year than they were last year. David Dickenson is Sentry’s customer research director. He said 74% of the executives identified inadequate insurance coverages as a prime driver of that stress.

“Our research highlighted a recurring theme: managing risk is a big part of managing stress,” Dickenson said. “Executives are experiencing worsening external challenges and putting strategies in place to protect the future of their businesses. This year, many are increasing safety measures, reassessing their insurance, and making adjustments to navigate external pressures.”

Here’s a look at some of the results of the survey:

67% of the execs are more stressed in 2025 than in 2024

However, 47% expect their businesses to thrive in 2025

47% worry about economic uncertainty

44% are concerned about supply chain challenges

41% worry about the cost of employee healthcare

38% lose sleep over labor shortages

36% find inflation a huge concern

As for insurance needs:

44% are increasing coverage as their business expands

43% are lowering risk by adding more coverage

38% say there are areas in their business that are not covered but should be covered

36% say business changes require dropping some coverages

35% are experiencing new types of weather experiences

31% say the current cost of coverage is too high

One of the biggest worries — say 72% of the executives — is more litigation and the multi-million dollar verdicts impacting insurance.

“In 2025, many leaders appear to be basing their approach to business insurance on their outlooks for their respective businesses,” Sentry’s report said. “The majority of leaders (55%) who expect their companies to thrive this year are planning to boost their insurance coverage for additional protection.”

Source link: Insurance Journal — https://bit.ly/41A7sGX