Insurance Age year in review - Andy Bord
Andy Bord of Flood Re reflects on the challenges and opportunities of 2021 and points out what 2022 might hold for the insurance industry.
What has been most challenging in the insurance space in 2021?
The ongoing impact of the pandemic and Brexit on supply chains and the resulting challenges on both costs and timescales for completing repairs, as well as the prolonged trauma for consumers – especially after flooding.
What has been positive for the sector?
The focus on the environment and climate risk. COP26 was a pivotal moment, and it was good to see the insurance sector heavily involved and build on existing commitments in
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