News & Insights

Trust, data and reputation issues the focus of Gallagher Q2-18 Market Overview Report

Published 30 July 2018

The erosion of public trust in government, media and corporate institutions, and the flow-on impact on insurance premiums, is the focus of Gallagher's Q2-18 Market Overview Report, entitled Into the breach: trust and data regulate the new norm.

Key insights from the report include:

  • Boardroom trust issues, shareholder class actions and the impact on D&O insurance cover
  • Insurer pushback on dirty energy projects; increasing appetite for renewable projects
  • Australian businesses increase cyber security spend as breach reporting laws kick in
  • Legal claims from failed students a key risk as international student population booms
  • Critical gap between data and medical science in managing sports concussion injuries 

Access the interactive online version of the report herechevron-right

Sarah Lyons, Chief Executive of Gallagher Australia, comments: “Protecting brands and reputation in a data-driven world places the onus on boards to take proactive measures to safeguard customer data and preserve consumer confidence. We are seeing increased calls for company directors and executives to get to grips with rapidly evolving cyber and data privacy requirements.

“Add into the mix the spectre of inadequate corporate governance and enhanced regulator scrutiny, and you have an environment in which any suspected breach of trust can have serious ramifications for businesses, from both a financial and reputational perspective.”

The report also highlights how Australia has transitioned into a low-trust environment, citing the Royal Commission, ‘fake news’, high-profile sporting scandals and the #metoo movement as factors contributing to eroding levels of consumer confidence in national institutions.

The report is available for free download as an interactive web publication or abridged PDF via the banner below.

Access the reportchevron-right


 

Global State of the Market Report for Directors’ and Officers’ (D&O)
Professional & Financial Risks | Report

Global State of the Market Report for Directors’ and Officers’ (D&O)

19 August 2021
Insolvent trading post COVID-19 pandemic relief: directors’ liability risks
Insolvency and Turnaround | Article

Insolvent trading post COVID-19 pandemic relief: directors’ liability risks

22 April 2021
Implications of cyber breaches for company boards of directors
Cyber | Webinar

Implications of cyber breaches for company boards of directors

01 April 2021