CFOs & Insurance Benchmarking: Confidence Under Pressure with Data Backed Decisions

A 2024 survey of CFOs leading companies with 500+ employees revealed some eyebrow-raising statistics.

One that leaps off the page? 67% of those surveyed have sole responsibility for purchasing commercial Property & Casualty insurance.

Key words – “sole responsibility.”

Just you…on a decision-making island…with no lifeboat…no flare gun…and definitely no emergency stash of rum.

And should a large claim come knocking—one your policy doesn’t adequately cover—there better be solid data backing up your decision. Otherwise, things could get…unpleasant.

Cue the Nightmare Deposition

Attorney: "How did you develop your insurance program?"

You: "Uh… I just kind of went with what felt right?"

Attorney: "Why were the limits insufficient to cover this large claim?"

You: "Well, I assumed it would be fine…"

Attorney: "Did you prioritize saving money over managing overall risk?"

You: [sweating profusely]

If your company can’t financially recover, the ripple effects will last for years. Public scrutiny? Uncomfortable job interviews? Former employees updating their résumés? Sleepless nights and a LinkedIn feed full of regret.

Enter the Clearinghouse Benchmark Report

If you ever find yourself in that dreaded deposition chair, wouldn’t you rather sit with confidence, knowing your insurance decisions were based on actual data?

That’s where the Clearinghouse Benchmark Report comes in.

Available through select agents and brokers, this subscription-based analysis provides real-time, tailored data to help guide your decisions. Companies across the country voluntarily (and anonymously) report their industry, revenue, employee count, policy limits, retentions, and premiums. Using this data, we generate a detailed report showing exactly how your coverage compares to industry peers who have submitted data within the last 12 months (and beyond).

The result? Clear, data-driven guidance on how your premiums, limits, and retentions stack up—calculating a rate-per-million comparison and helping you determine if your coverage is actually sufficient.

And it doesn’t stop there. The report also includes loss analytics, breaking down:

? The types of claims filed (active and settled)

? The nature of the allegations

? The length and cost of litigation

? Total payouts—all by coverage line

No Guesswork. Just Facts.

The Clearinghouse Benchmark Report doesn’t just justify your decisions—it provides peace of mind, knowing your strategy is built on real-time data, not gut feelings.

So, before you begrudgingly sign off on your next renewal, consider verifying your purchase with real-time analytics.

Your future self (and your legal team) will thank you.