As inflation, the war in Ukraine, climate change, and the lingering effects of the pandemic continue to cause problems for global supply chains, insurers and their clients are likely to come under increasing pressure to reconsider long-established methods of procurement and delivery.
The Covid-19 pandemic is the mother of all systemic shock losses. According to analysis by insurance broker Howden, pandemic-related insured losses stood at $43.5bn by the end of 2021.
