Risky Business Newsletter
Welcome to the first 2024 edition of our ‘Risky Business’ newsletter, with the latest insights and trends in the insurance industry. In this issue, we cover topics such as our 2024 predictions, challenges facing global business leaders, property insurance shifts, cyber attacker techniques, PFAS risk landscape, social influence risks, M&A insurance frontiers, and the impact of social inflation.
2024 Risk & Resilience Predictions
Some of our senior executives share their thoughts on how emerging risks like extreme weather, cyber threats, AI, employer risk, ESG regulation, energy transition and geopolitical risks are likely to impact businesses in 2024.
Spotlight on Business Risk with Bethany Greenwood
In this video, Bethany Greenwood , Group Head of Specialty Risks, shares her insights on the biggest challenges facing global business leaders. Bethany also discusses how prepared leaders are for the next crisis, and how the shift to hybrid working has created new risks. Watch the video to learn more about how leaders can navigate these complex and uncertain times.
Major Shifts in the Property Insurance Landscape in 2024
What does the future hold for property insurance in 2024? Richard Montminy , Group Head of Property Risks, predicts a transformative shift in property insurance this year. As climate-related risks surge, expect changes in market dynamics and a focus on specialised risk management strategies.
The Evolution of Cyber Attacker Techniques
In our recent Cyber Services Snapshot report we unveiled the dynamic evolution of cyber attacker techniques, highlighting faster lateral movements within IT systems and increased speed in ransomware deployment. Discover insights into emerging trends and threats, including phishing, fraudulent instructions, and social engineering tactics.
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Helping Life Science Firms Navigate the Complex PFAS Risk Landscape
PFAS are a group of durable chemicals used for many products but they can cause serious health and environmental problems. Life Sciences companies need to pay more attention to the possible dangers of PFAS and how to avoid or reduce the use of them. Learn more in this article by Oliver Fudge , Underwriter - International Miscellaneous Medical & Life Sciences.
Safeguarding the Power of Social Influence in the Digital Age
Social media influencers can face legal risks such as defamation, privacy, and disclosure of sponsored content. In this article, Angela Weaver , Focus Group Leader - Media, explains these issues and how to avoid them.
New Frontiers in M&A Insurance
Merger & Acquisition (M&A) insurance can help mitigate the risks and uncertainties that come with entering new markets and jurisdictions. However, not all regions are equally familiar with this product and its benefits. In this blog, M&A Underwriters, Lorraine Lloyd-Thomas and Cameron McCoy , share their insights on how M&A insurance has evolved and expanded in emerging regions.
In this video, Beth Diamond , Group Head of Claims, shares insights about the impact of social inflation on claim settlements. Beth emphasises the importance of working closely with the expert claims team to understand the risks of a jury verdict in the specific jurisdiction and to make strategic decisions early on about whether to settle or to go to trial.
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Disclaimer
The information set forth in this newsletter is intended as general risk management information. Beazley does not provide legal services or advice.?The exact coverage afforded by any products described in this newsletter is subject to and governed by the terms and conditions of each policy issued. The publication and delivery of the information contained herein is not intended as a solicitation for the purchase of insurance. Coverages are underwritten by Beazley syndicates at Lloyd's and will vary depending on individual country law requirements and may be unavailable in some countries. In the US, coverages may be underwritten on an admitted basis in some but not all US jurisdictions through Beazley Insurance Company, Inc.?Some coverages may also be underwritten on a surplus lines basis through either Beazley Excess and Surplus Insurance, Inc. or licensed surplus lines brokers underwritten by Beazley syndicates at Lloyd’s.?Beazley USA Services, Inc. is licensed and regulated by insurance regulatory authorities in the respective states of the US and transacts business in the State of California as Beazley Insurance Services (License#: OG55497).?Beazley Insurance Company, Inc. and Beazley Excess and Surplus Insurance, Inc. are located at 30 Batterson Park Road Farmington, CT 06032.