Last year we were conscious that hope for a period of calm following the Covid-19 pandemic may have been optimistic, and so it has proven to be the case as political and economic volatility, not just in the UK but around the world, has followed in its wake, with heightened repercussions caused by the Russian invasion of Ukraine in late February 2022. Indeed there has probably never been a more challenging or uncertain period in our history for the insurance industry.
Many of the themes for the sector we highlighted last year continue to be relevant, and indeed have intensified with the addition of new issues that come to the fore amid challenging economic conditions. Further, to compound matters, the challenges of the past two years are yet to subside, with Covid-19 and Brexit still having a significant impact across so many areas of the insurance industry.
