Insurance industry predictions 2019

Each working day throughout December we will be publishing insurance industry predictions from Clyde & Co's global insurance practice.

January 4th

• Edward Kirk predicts that D&O insurers will be impacted by climate change disclosure claims in 2019. Read his full prediction here.

January 3rd

• James Cooper predicts that directors and officers will face scrutiny over their assessment of climate change risks in 2019. Read his full prediction here.

January 2nd

• Toby Scott predicts that claimaint firms' business development efforts are likely to increase over the next 12 months as they look for new revenue streams, as traditional business models come under pressure. Read his full prediction here. 
• Damian Rourke predicts that Section 57 will deter fundamentally dishonest claims from being made. Read his full prediction here. 

December 31st

• Andrew Holderness predicts that tech superiority will increasingly become a key transaction driver in 2019. Read his full prediction here. 

December 28th

• Mark Hemsted predicts that autonomous vehicles will move closer to becoming a reality but public scrutiny over safety concerns will not let up. Read his full prediction here.
• Henning Schaloske predicts that the EU's focus on collective redress will lead to significant changes to the liability landscape in 2019. Read his full prediction here. 

December 24th

• Simon Konsta predicts that the insurance industry will start to develop a much needed ethical framework for AI. Read his full prediction here. 

December 21th

• Joan D'Ambrosio expects fraudulent wire transfer scams to continue to increase in 2019. Read her full prediction here.
• James Koelzer predicts that rebuilding from California wildfires will lead to an increase in construction-defect claims. Read his full prediction here.

December 20th

• Kim West advises D&O insurers to prepare for a new wave of class actions against tech companies in 2019. Read his full prediction here.
• Joyce Chan and Gillian Morrissey expect a wave of consolidation to take place in the intermediary market in Hong Kong in 2019. Read their full prediction here.

December 19th

• Vikram Sidhu predicts that the US States’ patchwork of cybersecurity regulations will increase the compliance burden for insurers. Read his full prediction here.

• Jennette Newman predicts that Brexit will spur the innovation that the London market needs. Read her full prediction here.

December 18th

• Julie Hawkinson predicts that insurers in the US will see more claims related to the collection and use of personal data in 2019. Read her full prediction here.
• Robert Fisher predicts that claims teams will come under pressure in 2019 due to increased severity and frequency of catastrophic events. Read his full prediction here.

December 17th

• Laura Cooke predicts that the recent increase in corporate insolvencies will put directors and officers under scrutiny in 2019. Read her full prediction here.

• Neil Beresford expects the growth of environmental product liability litigation worldwide to continue in 2019. Read his full prediction here.

December 14th

• Peter Hodgins lists three things to watch out for in the Middle East in 2019. Read his full prediction here.

December 13th

• Karen Boto predicts that 2019 will define the insurance landscape for cryptocurrencies. Read her full prediction here.

December 12th

• Graeme Watson predicts that the number of historic abuse claims in Scotland will increase in 2019. Read his full prediction here.
• Kim West predicts that employment-related claims for private tech companies will rise in 2019. Read his full prediction here.

December 11th

• Hilary Rowen predicts that autonomous vehicles will gain traction in the US in the upcoming year. Read her full prediction here.
• Leslie Ahari predicts that risk awareness of ICOs will rise in 2019. Read her full prediction here.

December 10th

• Michael Cripps predicts that foreign insurer interest levels in China's insurance market will increase in 2019. Read his full prediction here.

December 7th

• Avryl Lattin and Yvonne Lam predict that new rules will increase the regulatory burden on insurers in Australia in 2019. Read their full prediction here.
• Dean Carrigan and Naoko Aoo predict that accountability for Australian senior executives will remain a hot topic in the upcoming year. Read their full prediction here.

December 6th

• Vikram Sidhu predicts that insurtech M&A in the US will expand in 2019 as maturing start-ups are targeted for acquisition by established market players. Read his full prediction here.
• Kevin Martin predicts that investors looking to Asia will start to consider alternative market entry options in 2019. Read his full prediction here.

December 5th

• Stirling Leech predicts that new data privacy legislation in Brazil will drive demand for cyber insurance in 2019. Read his full prediction here. 

December 4th

• Mark Sutton predicts that insurers will feel the impact of the expanding remit of #MeToo claims in the upcoming year. Read his full prediction here.

December 3rd

• Lee Bacon predicts that 2019 will be the year in which blockchain starts to come of age in the insurance sector. Read his full prediction here.

• Ian Stewart predicts that digital insurance broking will take off in Singapore in 2019. Read his full prediction here.