Premium increases Premium rates have risen approximately 10‒15% due to the lack of capacity in the last quarter of 2021, mostly in small to medium sized transactions.
M&A providers likely to increase With 20212 demand exhausting the capacity of the some 35 insurers offering M&A cover, we are likely to see some new entrants and specialisms in the 2022 market.
Broader cover availability Few sectors are outright uninsurable now. Financial institutions, mining, construction and high-tech deals are being regularly covered.
More specialised policy offerings The report predicts that although synthetic warranty and indemnity (W&I) cover is slightly more expensive and require sell side cooperation they may become more common in 2022.
Claims service increasingly important As the percentage of claims and notifications have increased clients are placing greater focus on insurers’ claims handing experience.
Gallagher provides insurance, risk management and benefits consulting services for clients in response to both known and unknown risk exposures. When providing analysis and recommendations regarding potential insurance coverage, potential claims and/or operational strategy in response to national emergencies (including health crises), we do so from an insurance and/or risk management perspective.