The industry now faces a whole host of emerging risks, ranging from cyber/data breaches, rapid digital transformation, post COVID issues through to Environmental, Social and Governance (ESG) considerations.
The claims landscape for the insurance industry continues to evolve at a fast pace
Expensive “nuclear verdicts” and settlements are creating a worrying trend for insurers. It’s essential for insurers and insureds alike to mitigate their risk by adapting their approach to this evolving litigation landscape.
Social inflation is increasing financial burdens
on insurers
Sweeping ESG regulatory changes will drive significant increases in regulatory and shareholder actions against companies and their directors and officers relating to environmental, social and governance risks as these new regulations come into force and political debate around ESG intensifies.
Implementation of new ESG rules to bring more regulatory actions
The current economic uncertainty, and the ongoing impact of the conflict in Ukraine, will continue to have a serious impact in the coming year. Volatile markets and ongoing geopolitical instability suggest that inflation will remain high, and it is vital that businesses consider the ramifications.
In the face of economic uncertainty, risks and opportunities increase across the industry
The industry now faces a whole host of emerging risks, ranging from cyber/data breaches, rapid digital transformation, post COVID issues through to Environmental, Social and Governance (ESG) considerations.
The claims landscape for
the insurance industry continues
to evolve at a fast pace
Expensive “nuclear verdicts” and settlements are creating a worrying trend for insurers. It’s essential for insurers and insureds alike to mitigate their risk by adapting their approach to this evolving litigation landscape.
Social inflation is increasing financial burdens on insurers
Sweeping ESG regulatory changes will drive significant increases in regulatory and shareholder actions against companies and their directors and officers relating to environmental, social and governance risks as these new regulations come into force and political debate around ESG intensifies.
Implementation of new ESG rules to bring more regulatory actions
The current economic uncertainty, and the ongoing impact of the conflict in Ukraine, will continue to have a serious impact in the coming year. Volatile markets and ongoing geopolitical instability suggest that inflation will remain high, and it is vital that businesses consider the ramifications.
In the face of economic uncertainty, risks and opportunities increase across the industry
The industry continues to experience legislative and regulatory reform
The UK construction industry has experienced its most significant legislative and regulatory reform since 1996, creating three new regulators responsible for policing the industry. Further reforms will occur, as more secondary legislation is passed. Businesses have to be aware and familiar with these new, and future, changes.
The drive for sustainability offers opportunities across the industry
Companies around the world are striving to achieve net zero, while also providing people with sustainably built, greener buildings in which to live and work. Globally, there is tremendous opportunity for companies to leverage greener building and working practices to create sustainable buildings and projects.
Embracing renewables drives sustainability and growth
Renewables play an increasing role in driving sustainability. Opportunities are there to construct renewables schemes, and understanding how to navigate the particular contract requirements of each sector, whether they relate to solar, wind or hydro, is vital for success.
The UK Government’s Public Procurement Bill promises new rules and procedures for central government departments and the wider public sector when selecting suppliers and awarding certain contracts. The Subsidy Control Act has fundamentally changed how public subsidy can be passed to industry.
New public procurement and subsidy controls promise new rules and opportunities
All this calls for an agile and informed response. Our global teams use their deep insurance sector knowledge and commercial understanding to advise on issues such as dispute resolution, multi-jurisdictional litigation, coverage issues, contentious regulatory proceedings, policy wording issues, product development, corporate and commercial services, and recoveries.