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RAPPORT

Product Recall

Managing the impact of the new risk landscape

A product recall is potentially the most risk-laden situation a company can face. And whether a manufacturer, retailer or wholesaler, this risk is increasing, as supply chains grow more complex and the regulatory landscape becomes more robust. Yet businesses can often underestimate the impact of a recall and the negative effect it can have in terms of financial and reputational damage, despite the growing number of large loss events.

This report examines current and emerging risk and loss trends in product recall and includes exclusive insurance claims analysis. It focuses primarily on the automotive and food and beverage industries, but also incorporates other sectors. The report also highlights the increasingly important role of crisis management services, including specialized insurance, in a recall scenario and outlines what can be done to mitigate the fall-out when an incident occurs.

 

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