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Global commercial insurance prices increased 4% in the first quarter of 2023, the same rate as the fourth quarter of 2022, according to the Global Insurance Market Index released today by Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan.
The report, published by Marsh Specialty, identifies four areas where increasing risk threatens global trading, security, and investment environments into 2023: persistent political instability; economic retrenchment; competition for strategic resources; and supply chain diversification.
Marsh’s report, Evaluating ESG and pandemic risk reporting trends: FTSE 100 and global exchanges risk analysis 2021, examines the annual reports of the companies comprising the FTSE100 Index as well as 60 leading companies listed on the New York Stock Exchange, Euronext, and Hong Kong Stock Exchange, covering the July 2020-July 2021 reporting period.
Climate risks dominate global concerns as the world enters the third year of the pandemic. According to the Global Risks Report 2022, while the top long-term risks relate to climate, the top shorter-term global concerns include societal divides, livelihood crises and mental health deterioration.
In order to support the accelerating changes in the global sharing economy and mobility sector, new forms of insurance, including programs to support gig-workers at scale, will need to be created, according to a new report published today by Marsh, the world’s leading insurance broker and risk advisor.
According to a report published today by Marsh, the world’s leading insurance broker and risk advisor, in collaboration with Microsoft, international law firm CMS, and Kivu, a global cyber security firm, malicious cyber events accounted for 80% of cyber claims made in Continental Europe last year, up from 70% in 2019.