Claims are expected to increase in severity due to the upwards trend of event-based litigation and the impact of ransomware on cyber security. It is essential for companies to put more emphasis on building business resilience and look to continually re-visit their decision making around risk tolerance within their risk transfer solutions to optimise their insurance product solutions
Financial lines : time to build resilience : 2021 claims analysis and trends
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Claims are expected to increase in severity due to the upwards trend of event-based litigation and the impact of ransomware on cyber security. It is essential for companies to put more emphasis on building business resilience and look to continually re-visit their decision making around risk tolerance within their risk transfer solutions to optimise their insurance product solutions