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

Casualty

Casualty

Climate change

Climate change

Corporate

Corporate

Cyber & Technology

Cyber & Technology

Emerging risks

Emerging risks

Insurance line specific

Insurance line specific

Insurance 2023 - the year ahead

Key Contact

James Cooper

Partner

James is the chair of the Global Insurance Practice Group and head of the Financial Institutions and D&O team

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Insurance

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Contact our Insurance team

James Cooper
James Cooper

Partner

David Méheut
David Méheut

Partner

Dr. Henning Schaloske
Dr. Henning Schaloske

Partner

Mark Beswetherick
Mark Beswetherick

Partner

Amelia Costa
Amelia Costa

Partner

Eileen King Bower
Eileen King Bower

Partner

Carolena Gordon
Carolena Gordon

Global Senior Partner and Chair of Global Management Board

Ricardo Lewandowski
Ricardo Lewandowski

Partner

Ian Roberts
Ian Roberts

Partner

Gloria Jones
Gloria Jones

Partner

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