Insurance 2023 - the year ahead
Clyde & Co insurance experts highlight the trends, risks and opportunities likely to impact the insurance industry in 2023.
Overview
Making predictions is never a straightforward exercise. But the shifting landscapes in the insurance sector, for instance in relation to climate change, to fraud and to digital disruption, all against the backdrop of the war in Ukraine, have made this exercise all the more complex.
Nonetheless, our experts across our global offices have come together to identify what’s on the horizon for insurance in the coming year – the trends behind the news, the challenges that need to be managed, and the opportunities able to be seized by stakeholders in the sector.
Predictions
- Casualty: Excessive policyholder coverage arguments will be less impactful in a post-covid 2023 market
- Climate change: More industries will come under spotlight as climate litigation arena grows
- Corporate: Against a fast-evolving D&O claims landscape, risk mitigation strategies will be under close scrutiny
- Cyber & Technology: 2023 will see increased sensitivity around collection and use of data
- Emerging risks: Autonomous technologies and developing climate concerns will accelerate an increase in global litigation and arbitration
- Insurance line specific: D&O-centric claims, concerning both nuclear and ESG cases, will become more prevalent in 2023
Themes
Cyber & Technology
Emerging risks
Insurance line specific
Insurance 2023 - the year ahead
Key Contact
Contact our Insurance team
James Cooper
Partner
David Méheut
Partner
Dr. Henning Schaloske
Partner
Mark Beswetherick
Partner
Amelia Costa
Partner
Eileen King Bower
Partner
Carolena Gordon
Global Senior Partner and Chair of Global Management Board
Ricardo Lewandowski
Partner
Ian Roberts
Partner
Gloria Jones
Partner
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