Beazley report warns of 2022 business risks

risk management

The study suggests that 2022 may be the year in which supply chain, D&O, reputation and employment liability concerns ‘leak’ across insurance classes, creating complex, integrated risks with no “obvious or traditional insurance solution”.

In Beazley’s newly-launched ‘Spotlight on business risks’ report, the insurer highlights that business leaders believe they are more resilient as we move into 2022, but 34% still place business risks as their top concern for the year.

According to the report, most organisations have leveraged the pandemic to improve operations from the ground, which led 84% of business leaders to believe they will be more resilient in 2022.

However, business risks are still emerging. Over a third (34%) of

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ABI records 3% home premiums rise in Q1

Average home insurance premiums for buildings and contents cover rose by 3% to £375 in the first quarter of this year, pushing the year-on-year rise up to 19%, according to the Association of British Insurers.

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