Reflecting on a year of change: new Gallagher Market Overview Report out now
Published 12 November 2018
As the curtain falls on a dramatic 2018, the latest Gallagher Market Overview Report reflects on the key themes from what has been a year of change and instability for Australia.
The report, entitled Reflecting on a year of change, features insights on a range of issues impacting the Australian business landscape and insurance markets as 2018 draws to a close, including:
How thetough D&O insurance marketis impacting on IPOs
Why surety bonds are soaring as an alternative to bank guarantees
What's driving sustainable growth in the Australian transport sector
Insurance risks on the rise for the media & entertainment sector
Major fire events and needles-in-fruit crisis contributing to market uncertainty in the food production industry
Natural disasters, trade tensions and cyber risks rocking the marine sector
Sarah Lyons, Chief Executive of Gallagher Australia, said: “Throughout this year of change, one thing has remained constant: the intense scrutiny company directors are under at a time when employees, consumers and shareholders are demanding more accountability for their actions.
“The insurance sector continues to evolve to meet these changes and support businesses, but negotiating the market requires a deft hand from an experienced insurance partner.”
As well as examining developments across a range of specific insurance sectors, the report also features broader commentary on economic and political trends that have impacted the business sector, including record mergers and acquisitions activity, new data breach legislation, severe droughts in QLD and NSW, and the Hayne Royal Commission.