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General Liability Trends Update: Towards 2022

2021 presented the general insurance industry with many uncertainties. Our 2020 GL Trends Report provided foresight into several trends that have impacted, and continue to impact, the general liability market in Australia and New Zealand, including historical abuse claims across different sectors, concussion and its impact on sport, as well as COVID-19 risks as it was developing.

In our latest GL Trends Update, we look at several general liability trends strengthening or emerging in 2021 and likely to have an impact for insurers, underwriters and brokers into 2022. We have also produced a series of short video summaries on each topic below.

We will continue to bring you further updates and new developments as they arise. If you would like to discuss any of the articles in this update, please contact one of W+K’s General Liability partners

Click here to view the full update as an e-book or download a copy using the button below.

Charles Simon
Partner & General Liability Practice Leader
T: +61 2 8273 9911
charles.simon@wottonkearney.com.au

 


Videos summaries:

GL Trends – Construction Risks

Sydney Partner James Clohesy provides an update on construction liability risks, including a spotlight on the construction of residential dwellings in flood prone areas and on reclaimed land and an expected uptick in claims related to COVID-19 supply chain and delay issues.

GL Trends – Product Liability Risks

Perth Special Counsel Trent O’Neill talks about recent developments in the product liability space, including a concerning number of businesses taking advantage of the COVID-19 outbreak, the ACCC’s latest list of product safety priorities, and threshold changes that will impact consumer guarantees under the ACL.

GL Trends – COVID-19 Impacts

Our Brisbane Managing Partner Paul Spezza provides an update on the impact COVID-19 is having on the general liability landscape, including the different state and territory responses, recent class action activity and potential claims related to mandatory vaccinations, remote working arrangements and mental health risks.

GL Trends – Global Supply Chain Risks

Melbourne Partner Chantal Van Grieken discusses emerging global supply chain risks, including the need for liability insurers to be confident that insureds assess and control how their goods are produced, stored and transported, how technology can help in this area, and key areas of concern such as unscrupulous suppliers.

GL Trends – Social Inflation

Sydney Partner Lesley Woodmore discusses the impact social inflation is having on general liability claims, including the rise of public opinion, increasing appetite for litigation driven by access to litigation funding, and the need for insurers to consider social inflation in all aspects of their business.

GL Trends - Climate Change Risks

Melbourne Senior Associate Matthew Elson discusses the impact climate change risks are having on general liability claims in Australia.

© Wotton + Kearney 2021
This publication is intended to provide commentary and general information. It should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this publication. Persons listed may not be admitted in all states and territories. For our ILP operating in South Australia, liability is limited by a scheme approved under Professional Standards Legislation.
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