Introduction

Advanced Manufacturing

Manufacturing is a thriving industry experiencing significant growth, increased investment, and growing payrolls.

Advances in technology, an evolving marketplace, and speed and transparency of the supply chain has led to interconnected challenges prompting manufacturers to rethink and transform virtually every aspect of their operation.

The U.S. manufacturing middle market defined

*Based on data from The National Center for The Middle Market 1q 2018.

Rapid transformation and continual advancement


Based on a report from McKinsey & Company "The Fourth Industrial Revolution and the factories of the future".

Rapid transformation and continual advancement


Based on a report from McKinsey & Company "The Fourth Industrial Revolution and the factories of the future".

Rapid transformation and continual advancement


Based on a report from McKinsey & Company "The Fourth Industrial Revolution and the factories of the future".

Rapid transformation and continual advancement


Based on a report from McKinsey & Company "The Fourth Industrial Revolution and the factories of the future".

New opportunities

While middle market manufacturers have new opportunities—new markets to serve, new ways of winning and keeping customers, and new flexibility in operations—they also confront new exposures for which they may not be fully prepared.

Publico 1.000 0 -- OpenType - PS 1783356468 Publico-Roman 1783356468 Installation Services

As manufacturing becomes more dynamic, the third party liability exposures it presents become more complicated. Manufacturers need insurance solutions that enable them to react quickly when products must be withdrawn from the marketplace and when third parties sustain injury or damage.

As opportunities continue to expand in the global market, manufacturers need insurance solutions that address exposures anywhere in the world.

As manufacturers become increasingly reliant on sophisticated machinery, equipment breakdown insurance can help guard against financial injury stemming from a costly system malfunction or failure.

In a highly competitive manufacturing industry, skilled workers are in high demand. With employee safety a top priority, risk mitigation is a critical part of a workers compensation insurance solution.

Advances in technology allow for increased interconnectivity of machines involved in the manufacturing process often resulting in efficiency. However, it also results in new exposures, such as cyber vulnerability. Consider cyber protection to mitigate this new and rapidly evolving risk.

As manufacturing transforms to a product-as-a-service model, manufacturers may require Errors & Omissions protection for financial injuries sustained by customers.

As manufacturers become more interdependent, protection against property and business interruption exposures is critical to avoid disruption in operations.

The challenges

Manufacturers cite a host of challenges that impact business performance

44% 46% 39% 34% 40% 33% 31% 29% 33% 18% 16% 15% 15% 7% 9% 7% 6% 7% Competitive environment Raw materials cost Talent management Cybersecurity Advanced manufacturing techniques Customer management Supply chain management Changing product & service mix Taxes
Competitive environment Raw materials cost Talent management Cybersecurity Advanced manufacturing techniques Customer management Supply chain management Changing product & service mix Taxes 18% 44% 46% 39% 34% 40% 33% 29% 31% 33% 7% 16% 9% 15% 7% 15% 6% 7%
Extremely challenging Very challenging

Source: Middle Market Manufacturing Survey "How to Thrive in a Transforming Environment".

The insights

See all insights

Resources

Learn more about Advanced Manufacturing

Take an interactive survey, download the detailed report, read the benchmarking analysis, or register for a webinar, to dive deep into middle market advanced manufacturing.


If you're an appointed agent or broker and would like to co-brand these resources, click here for instructions.

Take the survey

By answering a few short questions about your manufacturing operation, you can see how your responses stack-up to those surveyed in the research report.

Learn More

Join us for a webinar

Middle market manufacturing: How to thrive in a transforming environment

Presented by:

Mike Williams, Chubb EVP Head of Manufacturing

Tom Stewart, Exec. Director of The National Center for MM

Watch Webinar Now Watch Now

Mike Williams

Mike Williams

Chubb EVP, Manufacturing Industry Practices Manager

Tom Stewart

Tom Stewart

Exec. Director of The National Center for the Middle Market

Find an agent

Connect with an agent for a custom quote.

Find an Agent