December 2, 2019

Insurance predictions 2020

Each working day throughout December, we will be publishing insurance industry predictions from our global insurance practice.

3 January

  • Dean Carrigan and Johann Spies predict that climate change will heighten the focus on parametric insurance in Australia. Read their full prediction here.
  • Avryl Lattin and Ashley Etheredge predict that insurers operating in Australia can expect another layer of consumer protection through the extension of the existing unfair contract terms regime. Read their full prediction here

2 January

  • Judith Martin predicts that economic conditions combined with attitudinal shifts could make workplace disputes ‘fertile pastures’ for claimant firms. Read her full prediction here.
  • Damian Rourke predicts that criminals (and opportunistic amateurs) will turn their attention to areas such as public liability as motor-related soft tissues injuries become less valuable as fraudulent claims. Read his full prediction here.

31 December

  • Simon McConnell predicts that Hong Kong's insurance industry will face a period of adjustment as the Insurance Authority takes over regulatory control of insurance intermediaries. Read his full prediction here.
  • Wim Cilliers predicts that state owned enterprises, entities controlled by provincial government and local municipalities in South Africa will face a floodgate of claims in 2020. Read his full prediction here.

30 December

  • Cheryl Yakey predicts that blockchain will enjoy widespread adoption in the insurance industry in 2020. Read her full prediction here.
  • Vikram Sidhu predicts that US insurers will seek to engage in Insurance Business Transfers and corporate divisions in 2020. Read his full prediction here.
  • Michael Knoerzer predicts that arbitration clauses will continue to dominate in reinsurance contracts in 2020. Read his full prediction here.

24 December

  • Ernie van der Vyver predicts that the micro-insurance industry in South Africa will take-off in 2020. Read his full prediction here
  • Lee Astfalck predicts that South African directors will face increased legal scrutiny in 2020. Read his full prediction here

23 December

  • Laura Cooke predicts that proposed enhanced powers for pensions regulation will impact D&Os in 2020. Read her full prediction here
  • Mark Sutton predicts that D&O insurers and brokers face a rocky road ahead. Read his full prediction here

20 December

  • Yannis Samothrakis predicts that Brexit will create policyholder distress in 2020. Read his full prediction here.

19 December

  • Prachi Shah predicts that the Internet of Things will see an increase in regulation and self-regulation in 2020. Read her full prediction here.

  • Trevor McCann and Prachi Shah predict that Cannabis 2.0 will bring opportunities for insurers in Canada in 2020. Read their full prediction here.

18 December

  • Avryl Lattin and Yvonne Lam expect boards of Australian insurance companies to come under closer scrutiny in 2020. Read their full prediction here.
  • Dean Carrigan and Rishiv Rathore predict that remuneration requirements for insurers will be a hot topic in Australia in 2020. Read their full prediction here.

17 December

  • Wynne Lawrence predicts that insurers will ramp up their efforts to identify and manage climate risk more strategically in 2020. Read her full prediction here.
  • Vikram Sidhu predicts that climate change risks will lead to innovation in the US insurance market in 2020. Read his full prediction here.

16 December

  • James Cooper predicts that 2020 will be a turning point in Lloyd’s history. Read his full prediction here.

13 December

  • Kathrin Feldmann predicts that Germany's regulator and insurers will accelerate moves to clarify cyber exposures in 2020. Read her full prediction here.
  • Henning Schaloske predicts that continental European D&O markets will harden in 2020. Read his full prediction here.

12 December

  • Gordon Keyden predicts that Scotland’s compensation system will tip in favour of the claimant in 2020. Read his full prediction here.
  • Graeme Watson predicts that the Scottish Child Abuse Inquiry will throw a spotlight on child migration and independent schools in Scotland in 2020. Read his full prediction here.

11 December

  • Michael Cripps predicts that Chinese motor insurers will increase preparations for large-scale autonomous vehicle adoption in the next few years. Read his full prediction here.

10 December

  • Nicole Britton predicts that the number of traditional South African intermediaries will fall in 2020. Read her full prediction here.
  • Ernie van der Vyver expects increased regulatory supervision to lead to a reduction in cell owners in South Africa in 2020. Read his full prediction here.

9 December

  • Nick Elwell-Sutton predicts that MGAs and other intermediaries will struggle to manage the complexities of the SMCR and FCA conduct rules in 2020. Read his full prediction here.
  • James Cooper predicts that the issue of liquidity mismatch will be under the investor and regulatory spotlight in 2020. Read his full prediction here.

6 December

  • Karen Boto predicts that 2020 will see an increased demand for comprehensive, standalone fintech insurance. Read her full prediction here. 

5 December

  • Kathryn Ashton expects policyholder demands for coverage in response to CCPA claims to be rife in 2020. Read her full prediction here.
  • Jeff Ellis predicts that the insurance and legal sectors will face issues that test the limits of coverage in 2020. Read his full prediction here.

4 December

  • Joyce Chan expects insurtech collaboration between insurers and healthcare providers to transform the healthcare experience in 2020. Read her full prediction here.
  • Stirling Leech predicts that insurtechs will lead a revolution in the way insurance products are contracted in Brazil. Read his full prediction here.

3 December

  • Wayne Jones expects the UAE's life insurance sector to face a fundamental shake-up following new regulations. Read his full prediction here.
  • Peter Hodgins predicts that the UAE will get a unified financial services regulator in 2020. Read his full prediction here.
  • Mark Beswetherick predicts that new regulations in the UAE will reshape the way in which disputed insurance claims are handled in 2020. Read his full prediction here.

2 December

  • Jennette Newman predicts that the UK's MGA market will become a more popular feature of the London market in 2020. Read her full prediction here.