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Informed Insurance: 2020 Predictions Report

We are pleased to share our latest Legalign Global thought leadership publication, Informed Insurance: 2020 Predictions, which has been launched in our region today.

Aimed at supporting the global insurance market in preparing for the opportunities and challenges ahead, the report includes over 80 predictions by senior lawyers at the Legalign Global alliance firms, including Wotton + Kearney, to provide global insights on emerging market issues across all insurance lines. They also complement the insights featured in our recent Informed Insurance Global Thought Leadership Report from September 2019.

Six key themes emerged with this year’s predictions:

  • Class Actions,
  • Climate Change,
  • Global Risk,
  • Modernising the Workplace,
  • Regulation, and
  • Technology.

All of these areas highlight the changing nature of risk and why insurance must change with it.

This publication features the predictions made by Wotton + Kearney. They address issues that will impact insurers in the Australian and NZ region including cyber risks in smart homes and offices, privacy risks in the context of health tech and the impact of climate risks. It would be remiss of me at this time not to highlight the predictions in relation to Climate Change. Our thoughts are very much with those individuals and communities impacted by the Bushfires Crisis which has unfolded in Australia over the past two months. Moving forward, we look forward to assisting insurers to provide timely responses to affected individuals and businesses.

You can download a copy of our regional report below. The full set of global predictions is also available on the Informed Insurance microsite hosted by our Legalign Global colleagues, DAC Beachcroft.

I hope you enjoy reading our predictions report. Our authors and team of insurance specialists are available to discuss any of these issues with you.

David Kearney
Executive Chairman

© Wotton + Kearney 2020
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.