This article has been produced in partnership with Sovereign General Insurance
Liability for directors and officers (D&O) is transforming at an unprecedented rate, with organizations now staring down the barrel of heightened scrutiny and ever-new exposures. In the face of these shifting market conditions and regulatory upheavals – not to mention emerging risks – keeping your eye on the ball is crucial here. For brokers and risk professionals it becomes an issue of understanding the rising complexities of D&O coverage -because any lapses could result in hefty legal fines and painful court battles.
In that vein, Sovereign General Insurance, in partnership with Insurance Business, is hosting an in-depth webinar which will shed light on the latest emerging risks impacting private businesses as well teaching proven strategies to mitigate risk and strengthen protection.
In a recent interview with IB, Eduard Lecker (pictured), senior management liability underwriter at Sovereign General Insurance, explained that – given the current complex landscape – this webinar is a timely reminder to upskill your self-development.
“The insurance industry is facing several challenges this year, including a soft market, technological advancements, and evolving customer and stakeholder expectations,” he told IB. “Additionally, the increasing prevalence of cyber threats are putting pressure on insurers, and insureds, to adapt and review their D&O coverage. To prepare for these challenges, industry professionals should focus staying updated with market changes and fostering a culture of continuous learning and innovation. The market is constantly changing, and it is crucial to stay up to date on various topics.”
The topics include the challenging political climate, environmental issues such as climate change and natural disasters, as well as citing real-life claims examples.
“Insurance professionals attending the session will gain insights into the latest industry trends and best practices for navigating the current challenges,” added Lecker. “They will learn strategies for risk management and mitigation. [After all], it’s essential for insurance professionals to stay proactive and adaptable in this rapidly changing landscape. Embracing new technologies and fostering a customer-centric approach will be key to staying competitive and delivering value to clients.
“Continuous learning and collaboration within the industry will also play a significant role in overcoming challenges and driving growth.”
Don’t miss this opportunity to stay ahead of industry shifts and empower your clients with the expertise they need. Secure your spot today and gain the knowledge to navigate the complexities of private D&O liability with confidence.
