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Five things you need to know when reducing risk spend

Author

Lisa Lipuma
July 2, 2025

As organizations tighten budgets your Board and C-suite put pressure of finding cost savings, often looking to reduce spend on insurance programs. But cutting coverage without a clear view of your total risk exposure can backfire. You can make smarter insurance decisions with a portfolio view of risk. In this insight we cover how you can contribute to organizational resilience and success with five things you should consider before making decisions to reduce risk spend:

Disclaimer

WTW hopes you found the general information provided here informative and helpful. The information contained herein is not intended to constitute legal or other professional advice and should not be relied upon in lieu of consultation with your own legal advisors. In the event you would like more information regarding your insurance coverage, please do not hesitate to reach out to us. In North America, WTW offers insurance products through licensed entities, including Willis Towers Watson Northeast, Inc. (in the United States) and Willis Canada Inc. (in Canada).

Author

Lisa Lipuma, Senior Director, Risk and Analytics

Lisa Lipuma

Enterprise Risk Consultant

Contacts

Erin Boulware, Director, Risk & Analytics

Erin Boulware

Director, Risk & Analytics

Delfin Viloria

Delfin Viloria

Director – Strategic Risk Consulting