Since late March 2020, the world has changed. COVID-19 has had a global impact, affecting individuals and economies worldwide. The insurance industry has found itself having to adapt to a situation that nobody could predict. However, even before the pandemic, the industry was driving change.
Our latest Market Monitor outlines the challenges within the insurance sector, with most classes of insurance business suffering with availability of risk capacity and a need to increase premiums. What does that mean for businesses? Thinking differently about how you buy your insurance and what covers you buy has never been more important.
In the report, we cover: