Christina Oakes, EVP of Venbrook Private Client, discusses the evolving landscape of insurance for high-net-worth individuals. She highlights the increasing importance of comprehensive risk management strategies to protect clients' assets against emerging threats such as cyberattacks, rising liability claims, and surging homeowners' premiums. Oakes emphasizes the need for specialized coverage and tailored solutions to navigate these challenges effectively.

In today’s world of interconnected computer-based information systems, cyber risk has become one of the critical risk factors impacting organizations. Indeed, several studies have shown that cyber risk (for exmaple, the probability of being the victim of a successful cyber-attack) is one of the, if not the, top risk concerns to senior executives in private, as well as public, sector organizations. Auditors have also recognized the critical nature of cyber risk to organizations, as evidenced by the American Institute of Public Accountants’ development of its cybersecurity risk management reporting framework. 

Directors and Officers (D&O) insurance policies are intended to cover claims brought against directors and officers for alleged wrongful acts in their official capacity. However, professional services firms relying on D&O coverage may encounter exclusions that significantly limit protection.

Geopolitical uncertainty is the primary driver of emerging threats for banks and insurers, according to the 2025 ORX Horizon and Cyber Horizon reports.

Governments and public sector institutions worldwide are set to face a highly complex risk environment in 2025, driven by fiscal pressures, geopolitical instability, climate change, and technological challenges.

Artificial intelligence (AI) is revolutionizing the insurance industry, offering faster processes and greater efficiency. However, its adoption comes with significant risk management challenges, particularly concerning discrimination and bias in underwriting.

Cybersecurity, financial, and technology risks are the top threats to achieving sustainable growth for businesses, according to a survey of business leader by Chubb.

Hackers do not discriminate, and manufacturing is no exception; if there is a vulnerability in a system, they are more than happy to exploit it.

An insurer’s downgrade, executive exits and a company’s business dealings with a presidential candidate were among the most-read risk management-related stories on the Business Insurance website over the past year.