Emerging Risk Trends
Key Takeaways
Commentary: Diverging global regulations are driving operational complexity - firms must align compliance strategies across jurisdictions.
Commentary: Insurers are focusing on systemic risk events, supply chain resilience, and how well firms have segmented critical infrastructure.
Regulatory and Political Risk
MiCA (EU) introduces structured compliance obligations across digital assets and crypto markets.
US oversight remains fragmented, with a mix of enforcement-led strategy and limited federal legislation.
UK regulatory developments remain under consultation, though firms should anticipate increased FCA activity.
Cybersecurity and Technology Risks
Cyber exposure remains the top concern, particularly with blockchain dependencies, third-party custody, and decentralised infrastructure.
Deepening concern over ransomware, smart contract vulnerabilities, and data privacy.
GenAI and customer-facing automation tools are being reviewed more closely by cyber underwriters
M&A and Financial Risk
Firms are staying private longer; insurers demand more transparency around funding, liquidity, and governance.
Inorganic growth via token issuance or acquisition adds complexity to policy interpretation.