In the evolving landscape of digital assets, it's crucial that businesses understand how to navigate the insurance space. Over the past several years, this industry has seen significant growth and transformation, with various challenges and opportunities coming to the forefront.

Following a year-long reset, a less turbulent property market is offering reasons for cautious optimism as capacity stabilizes across geographies and lines of business. While challenging conditions persist, a more targeted approach to further adjustments is anticipated in 2024.

The cyber marketplace has changed rapidly in recent years. The intricacies of underwriting have added layers of complexity, leading to a sense of cyber fatigue for retail agents. However, it's important to recognize that merely going through the motions of obtaining cyber coverage can lead to significant risks for insureds.

Product recall events are a known risk of doing business across many sectors. The discovery of these concerns can come from regulatory agencies like the FDA, customer product testing, supplier issues, and/or a company’s own quality control process. Even companies with the best quality control processes in place are vulnerable to product recall risks.

Senior living facilities remain under pressure from rising costs and staff shortages. Some are looking to reduce expenses through alternative liability insurance. New market entrants may offer lower prices, but is a new carrier the right solution over the long-term?