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

Download the Insurance 2023 - The year ahead report

Themes

Casualty

Climate change

Corporate

Cyber & Technology

Emerging risks

Insurance line specific