GLOBALFINEX

Directors'andOfficers'

LiabilitySurvey

2023

TABLEOFCONTENTS(CLICKONTITLETONAVIGATETOPAGE)

Introduction02

AbouttheSurvey03

ResponsebyCountry04

BusinessOperationRisks05

Historicalcomparison06

Byrevenue07

Byregion08

Whicheconcomicrisksareimportant?09

RisksforDirectorsandOfficers10

Historicalcomparison11

Top7risksforDirectorsandOfficers-byregion1

2

Top7risksforDirectorsandOfficers-byrevenue1

3

Top7risksforDirectorsandOfficers-byindustry14

Directors'and

Officers'insurance

coverage

RisksforDirectorsandOfficers

Appendix-

DetailedResults

Business

OperationRisks

ResponsesbyCountry

2

Introduction

AbouttheSurvey

Welcometothe2023GlobalDirectors’andOfficers'Liability

SurveyReportfromWTWincollaborationwithClyde&CoLLP.

Wehavecontinuedtheinternationalscopeofourreport,with

responsesfromdirectorsandriskmanagersin40countries

aroundtheworld.Aswithlastyear,thisreportcontains

sectionsonrisksforbusinesses,risksfordirectors,andvarious

directors'andofficers'liability(D&O)insurancecoverage

points.

Wewillbetakinganewapproachwithreportingonthesurveyresultsthisyear.

Ourinitialreportwillpresentthesurveyresultsandthenwewillbereleasinga

seriesofseparatearticlesonvarioustopicsinspiredbythesurveyresultsand

lookingatsomeofthesurveyresultsinmoredetail.Pleasecheckour

website

forthelatestarticles.

Weaddedafewnewtopicstothesurveythisyearandremovedsomethat

wethoughtwerenolongersorelevant.Cybercontinuestodominatethe

responses,withcybercrimeandhavingsufficientcyberexpertiseappearing

astoprisksinseveralregionsandacrossseveralindustries.Theimportance

ofclimatechangeasadirectorriskcontinuestofluctuate,goingdownin

importanceinsomeregionsandindustriesandsignificantlyupinothers.Itis

Directors'andOfficers'insurancecoverage

15

Top7D&Oinsurancecoverageareas–byregion

16

Indemnification

17

Insurancepolicy–limits,retentionsandpremiums

18

AlternativeRiskTransferoptions

19-20

Appendix-DetailedResults

21

DirectorsandOfficersriskrankingoverview

22

Historicalcomparison

23

Byregion

24

Byrevenue

25

Byindustry

26

nowthenumberoneriskfordirectorsintheEnergyandUtilitiessector.Wealso

addedaquestionabouttheimportanceofhavingESGcoverageunderaD&O

policytooursurveyforthefirsttime,totryandreflecttheincreasingpublic

discussionaroundthistopic.However,onlyinAustralasiadidrespondents

considerthiswasinthetop7ofcoverageissues.

Wehopethisgivesyouaninterestingtasteroftheresultsfromthesurvey

andwhetsyourappetitetofindoutmore.Ifyouhaveanyquestionsabout

theresultsorthetopicsweaskedabout,orifyouhaveanysuggestionsfor

questionswecouldcovernextyear,pleasedocontactanyofthepeopleshown

inthecontactpagesattheendofthisreport.

AngusDuncan

GlobalD&OCoverageSpecialist(exNA)

+442031248386

angus.duncan@

JamesCooper

Partner,London

+442078766388

Contributors

27

er@

Companytype

Revenue(USD)

AbouttheSurvey

Globalresponses

Industrydistribution

8%

7%

26%

11%

17%

14%

17%

Forprofit,private

Forprofit,listed

Family-owned

Non-profit

Government-owned

Other

42%

30%

11%

8%

6%

3%

$5billionormore

$1billiontolessthan$5billion

$50milliontolessthan$1billion

Lessthan$50million-profit

26%

26%

31%

18%

Industrial

Services

Transportation&Retail

FinanceandInsurance

Energy&Utilities

Healthcare

Other

Note:RevenuesinEUR,GBP,JPYandCNYwereconvertedtoUSDwithratesasofNovember8,2022.Percentagesmaynotaddupto100%duetorounding.'Don’tknow'responseshavebeenexcluded.

Source:2022/2023Directors'andOfficers'LiabilityInsuranceSurvey

Directors'and

Officers'insurance

coverage

RisksforDirectorsandOfficers

Business

OperationRisks

Appendix-

DetailedResults

ResponsesbyCountry

AbouttheSurvey

Introduction

3

24%

Asia

Responsebycountry

(Hoveroverthemaptoseepercentagebreakdown)

Europe

37%

GreatBritain

NorthAmerica

9%

12%

Australasia

4%

LatinAmerica

13%

Africa

1%

Note:Percentagesmaynotaddupto100%duetorounding

Source:2022/2023Directors'andOfficers'LiabilityInsuranceSurvey

Directors'and

Officers'insurance

coverage

RisksforDirectorsandOfficers

Business

OperationRisks

Appendix-

DetailedResults

ResponsesbyCountry

AbouttheSurvey

Introduction

4

Directors'and

Officers'insurance

coverage

RisksforDirectorsandOfficers

Appendix-

DetailedResults

Business

OperationRisks

ResponsesbyCountry

Introduction

AbouttheSurvey

Businessoperation

risks

5

71%

67%

Economicrisks

67%

Cyberrisks

Regulatory/legislativechange

44%

38%

Geopoliticalrisks

76%

59%

COVID-19andlockdownmeasures

52%

52%

Technologicaladvances(artificialintelligenceandmachinelearning)

50%

39%

Climatechange

30%

Diversity,equityandinclusion

Brexit

19%

11%

Businessoperationrisks

Historicalcomparison

Howsignificantdoyouthinkthefollowingissuesareforyourorganisation’sbusinessoperations?

Whilstitisnotsurprising

thateconomicrisksremaintheno.1risk,thefactthat

significantlyfewerdirectorsseethemassignificantis.

Intermsofemergingrisks,

regulatory/legislative

changecomesstraightinatnumber3foritsfirstyear,

whilstgeopoliticalriskshaveincreasedinimportance

(upto4thplacefrom6th

lastyear)althoughperhaps

lessthanmighthave

beenexpectedgiventheUkraineconflictandotherinternationaltensions.

COVID-19andBrexitrisks,whilestillinthetop5

continuetodecreaseinimportance.

Despitesignificantpublicandregulatoryattentionclimatechangehasfalleninbothpositionand

percentage.Anotherhigh

profileriskESG,Diversity,EquityandInclusion(DE&I)isstillnothighlyranked.

2022

2021

2023

63%

62%

61%

46%

42%

42%

39%

31%

34%

Sample:Allsurveyparticipants.Notethatthe2021surveyhadamorelimitedgeographicscope.

(%of‘very’or‘extremelysignificant’)

Source:2021-2023Directors'andOfficers'LiabilityInsuranceSurvey

Directors'and

Officers'insurance

coverage

RisksforDirectorsandOfficers

Business

OperationRisks

Appendix-

DetailedResults

ResponsesbyCountry

AbouttheSurvey

Introduction

6

Economicrisks

Cyberrisks

34%

60%

58%

85%

61%

Regulatory/legislativechange

38%

47%

57%

Geopoliticalrisks

12%

28%

COVID-19andlockdownmeasures

41%

58%

42%

Technologicaladvances(artificialintelligenceandmachinelearning)

30%

31%

Climatechange

44%

Diversity,equityandinclusion

28%

23%

30%

30%

Businessoperationrisks

Byregion

Howsignificantdoyouthinkthefollowingissuesareforyourorganisation’sbusinessoperations?

Turningtoregionaldifferences,climatechangeriskisdownacrosstheboard

exceptintheUSwhereitwasflat,withthemost

significantdrops

beinginEuropeandAsia.

Economicrisks

arenowseenas

lesssignificantbyGBdirectors(a

largefall).Thereisasimilarposition

inNorthAmerica

andLatAmbut

Europeandirectorshavetakena

differentview.

Geopoliticalriskisahighrisk(4)forEurope,AsiaandLatAmdirectors

whilstdirectorsinNorthAmericaarelessconcerned.

Europe

GB

Asia

NorthAmerica

LatAm

Australasia

89%

70%

69%

55%

43%

35%

78%

75%

65%

64%

65%

43%

69%

66%

60%

51%

42%

37%

30%

19%

40%

44%

38%

42%

40%

35%

22%

30%

Brexit

6%

32%

4%

2%

1%

0%

Sample:Allsurveyparticipants

Source:2022/2023Directors'andOfficers'LiabilityInsuranceSurvey

(%of‘very’or‘extremelysignificant’)

Directors'and

Officers'insurance

coverage

RisksforDirectorsandOfficers

Business

OperationRisks

Appendix-

DetailedResults

ResponsesbyCountry

AbouttheSurvey

Introduction

7

Lessthan$50million

$50milliontolessthan$1billion

$1billiontolessthan$5billion

$5billionormore

50%

52%

71%

70%

Economicrisks

60%

57%

69%

60%

Cyberrisks

55%

48%

62%

68%

Regulatory/legislativechange

37%

37%

60%

45%

Geopoliticalrisks

46%

39%

47%

33%

COVID-19andlockdownmeasures

34%

35%

49%

42%

Technologicaladvances(artificialintelligenceandmachinelearning)

56%

34%

35%

34%

Climatechange

26%

31%

42%

Diversity,equityandinclusion

21%

Businessoperationrisks

Byrevenue

Howsignificantdoyouthinkthefollowingissuesareforyourorganisation’sbusinessoperations?

Therearemarked

differences

betweenhow

directorsand

riskmanagersatsmallcompaniesareratingrisk

comparedtothoseatlargeenterprises.Regulatory/

legislativechangeisconsideredmoreofariskatsmall

companiesthancyber.

Othernotablerisks,whicharemore

highlyratedatthelargestcompanies,

includeclimate

changeand

geopoliticalrisks.

16%

7%

11%

14%

Brexit

Sample:Allsurveyparticipants

Source:2022-2023Directors'andOfficers'LiabilityInsuranceSurvey

(%of‘very’or‘extremelysignificant’)

Directors'and

Officers'insurance

coverage

RisksforDirectorsandOfficers

Business

OperationRisks

Appendix-

DetailedResults

ResponsesbyCountry

AbouttheSurvey

Introduction

8

69%

Inflation

67%

Recession

55%

Jobmarket(recruitmentandretention)

Whicheconomicrisksareimportant?

Howsignificantdoyouthinkthefollowingeconomicrisksareforyourorganisation’sbusinessoperations?

Thisyearwesoughtmore

detailonwhicheconomicrisksrespondentsarefocussed

on.Thisshowedanequalitybetweeninflationand

recession,withlessfocuson

thejobmarket.Havingsaid

that,thefiguresshowthatmorethan50%ofdirectorsfocussing

oneconomicrisksconsideredtheriskrelatingtothejob

marketisatleastsignificant.

Sample:Onlythosewhobelieveeconomicrisksareatleastsignificant

Source:2022/2023Directors'andOfficers'LiabilityInsuranceSurvey

(%of‘very’or‘extremelysignificant’)

Directors'and

Officers'insurance

coverage

RisksforDirectorsandOfficers

Business

OperationRisks

Appendix-

DetailedResults

ResponsesbyCountry

AbouttheSurvey

Introduction

9

Directors'and

Officers'insurance

coverage

RisksforDirectorsandOfficers

Appendix-

DetailedResults

Business

OperationRisks

ResponsesbyCountry

Introduction

AbouttheSurvey

RisksforDirectors

andOfficers

10

#1

#2

#3

#4

#5

#6

#7

2018

Riskofdataloss/

databreach

Cyberattack

Regulatoryandother

investigations

Healthandsafety

legislation

Regulatoryrisk(includingthreatoffinesand

penalties)

Classactionlawsuits

againstthecompanyanditsdirectors

Employmentpractices

claims

2019

Dataloss

Cyberattack

Regulatoryrisk(includingthreatoffinesand

penalties)

Litigationrisk

Focusofasocial

mediacampaign

Yourorganisationbeing

avictimofacrime

Riskofahealthand

safety/environmental

prosecutionssafety

legislation

2021

Cyberattack

Dataloss

Regulatoryrisk(includingthreatoffinesand

penalties)

Riskofahealthand

safety/environmental

prosecutionssafety

legislation

Riskofemployment

claims

Focusofasocialmedia

campaign

Yourorganisationbeingavictimofacrime

2022

Cyberattack

Dataloss

Cyberextortion

Regulatoryrisk(includingthreatoffinesand

penalties)

Riskofahealthand

safety/environmental

prosecutionssafety

legislation

Yourorganisationbeingavictimofacrime

Briberyand

corruption

2023

Cyberattack

Dataloss

Cyberextortion

Regulatoryrisk(includingthreatoffinesand

penalties)

Healthandsafety

prosecutions

Briberyand

corruption

Yourorganisationbeingavictimofacrime

Top7risksforDirectorsandOfficers

Historiccomparison

Weaskeddirectorsabout28risks(withsupplementary

questionsonsomeoftheriskareas).

Detailedresults

fromthe28risks

canbefoundintheAppendix.

Overalltheresultsareveryconsistentwithlastyear;

cyberattack,datalossandcyber

extortion(thelatterbeinganewrisk

areaidentifiedlastyear)continuing

todominatethe

highestranks.In

percentageterms,cyberrisksareallsignificantlyaboveotherrisks.

Riskranking

hasincreasedforD&O’s

Riskranking

hasdecreasedforD&O’s

Riskranking

hasremainedthesameforD&O’s

Sample:Allsurveyparticipants.Note:Rankedbasedonpercentage'very'or'extremelysignificant'foreachrisk

Source:2011-2023Directors'andOfficers'LiabilityInsuranceSurveys

Directors'and

Officers'insurance

coverage

RisksforDirectorsandOfficers

Business

OperationRisks

Appendix-

DetailedResults

ResponsesbyCountry

AbouttheSurvey

Introduction

11

#1

#2

#3

#4

#5

#6

#7

Europe

Cyberattack67%

Dataloss66%

Cyberextortion62%

Healthandsafety

prosecutions54%

Briberyand

corruption53%

Cybercrime52%

Regulatorybreach52%

GB

Climate

change44%

Cyber

extortion43%

Dataloss43%

Cyberattack42%

Regulatory

breach40%

Cybercrime40%

Insolvency/

bankruptcy/financialdistress39%

Asia

Cyberattack60%

Regulatory

breach60%

Dataloss59%

Healthandsafety

prosecutions58%

Briberyand

corruption57%

Systemsandcontrols

55%

Cyber

extortion55%

NorthAmerica

Cyberattack72%

Dataloss68%

Cyber

extortion60%

Cybercrime55%

Sufficientcyber

expertiseatboard

level38%

Regulatory

breach36%

Systemsand

controls36%

LatAm

Dataloss87%

Cyberattack84%

Cybercrime83%

Insolvency/

bankruptcy/financialdistress78%

Employee

crime78%

Cyber

extortion76%

Regulatory

breach76%

Australasia

Cyberattack46%

Dataloss42%

Cyber

extortion38%

Climate

change31%

Healthandsafety

prosecutions27%

Cybercrime23%

Sufficientcyber

expertiseatboard

level23%

Riskranking

hasincreasedforD&O’s

Riskranking

hasdecreasedforD&O’s

Riskranking

hasremainedthesameforD&O’s

Top7risksforDirectorsandOfficers

Byregion

Climatechange

isinthetop5for

GBandAustralia,

havingnot

appearedinthe

top5foranyregionlastyear(althoughitwasforsome

industriesandfor

largercompanies).

TheGBchange

isremarkable,

althoughitshould

benotedthatall

ofthetop7risksinGBarewithin5%ofeachother.

Itisinteresting

toseeinsolvency

makeitswayinto

thetop7forGBandLatAm.

Notablenewrisks

includesystems

andcontrols,

sufficientcyber

expertiseatboard

levelandemployeecrimeandcyber

crimeasasub-set

ofcrimerisks.

Sample:Allsurveyparticipants.Note:Rankedbasedonpercentage'very'or'extremelysignificant'foreachrisk

Source:2022-2023Directors'andOfficers'LiabilityInsuranceSurveys

Directors'and

Officers'insurance

coverage

RisksforDirectorsandOfficers

Business

OperationRisks

Appendix-

DetailedResults

ResponsesbyCountry

AbouttheSurvey

Introduction

12

#1

#2

#3

#4

#5

#6

#7

Lessthan$50million

Dataloss64%

Cyberattack61%

Cyberextortion52%

Cybercrime51%

Insolvency/bankruptcy/financialdistress51%

Regulatorybreach47%

Sufficientcyberexpertiseatboardlevel46%

$50milliontoless

than$1billion

Cyberattack59%

Dataloss57%

Cyberextortion55%

Healthandsafety

prosecutions48%

Cybercrime48%

Regulatorybreach43%

Briberyandcorruption43%

$1billiontolessthan$5billion

Cyberattack53%

Dataloss52%

Cyberextortion49%

Regulatorybreach48%

Cybercrime45%

Insolvency/bankruptcy/financial

distress43%

Focusofasocialmedia

campaign42%

$5billionormore

Cyberattack64%

Dataloss63%

Cyberextortion60%

ClimateChange53%

Briberyand

corruption52%

Regulatorybreach52%

Healthandsafety

prosecutions52%

Riskranking

hasincreasedforD&O’s

Riskranking

hasdecreasedforD&O’s

Riskranking

hasremainedthesameforD&O’s

Top7risksforDirectorsandOfficers

Byrevenue

Therespondent

demographic

showsafairlyevensplitacrossthese

revenuecategories.

Weincludedcybercrimeandsufficientcyberexpertiseat

boardlevelasnewrisksforthe2022-

23surveyandtheyhaveimmediately

madetheirwayintothetop7risks.

Whilecyber-relatedissuesmakeupthetop3(andnumber4or5forsome

revenuecategorieswherecybercrimeisincluded)acrosstheboard,itis

interestingtosee

climatechangeasthenumber4risk

fordirectorsofthelargestcompaniesandtoseethat

health&safetyonlymakesitintothe

top7fortwooftherevenuecategories.

Sample:Allsurveyparticipants.Note:Rankedbasedonpercentage'very'or'extremelysignificant'foreachrisk

Source:2011-2023Directors'andOfficers'LiabilityInsuranceSurveys

Directors'and

Officers'insurance

coverage

RisksforDirectorsandOfficers

Business

OperationRisks

Appendix-

DetailedResults

ResponsesbyCountry

AbouttheSurvey

Introduction

13

Climatechange

isnowatthetop

oftherisksfor

directorsinthe

Energy&Utilitiessectorwhohave

alsoidentified

pollutionasakeyrisk.Interestinglyothersectorshavetakenadifferent

viewwithneitherriskrankingintheTop7.

Whilewepreviously

askedaboutlegalrisks,wedidn't

previouslyhave

ageneralcivil

litigationcategory,soitisinterestingtoseethatinits

firstyearithas

madeitintothe

top7risksfortheHealthcaresector.

Financeandinsurance

TransportationandRetail

Energy

andUtilities

Industrial

Healthcare

Services

Cyberattack74%

Cyberattack67%

Cyberattack56%

Cyberattack63%

Climate

change65%

Dataloss59%

#1

#2

#3

#4

#5

#6

#7

Dataloss73%

Cyberattack56%

Dataloss67%

Dataloss59%

Cyber

extortion62%

Dataloss55%

Cybercrime68%

Cyber

extortion58%

Healthandsafety

prosecutions55%

Cyberattack61%

Cyber

extortion54%

Cyber

extortion56%

Cyberextortion68%

Cybercrime53%

Cybercrime45%

Regulatory

breach53%

Healthandsafety

prosecutions50%

Healthandsafety

prosecutions61%

Criminal

proceedings50%

Healthandsafety

prosecutions44%

Regulatory

breach48%

Briberyand

corruption67%

Cyber

extortion52%

Pollution58%

Regulatorybreach

64%

Focusofasocial

mediacampaign

49%

Regulatory

breach41%

Briberyand

corruption47%

Focusofasocial

mediacampaign

51%

Dataloss57%

Breachofsanctions

59%

Briberyand

corruption48%

Cybercrime46%

Cybercrime50%

Civil

litigation41%

Regulatory

breach52%

Riskranking

hasincreasedforD&O’s

Riskranking

hasdecreasedforD&O’s

Riskranking

hasremainedthesameforD&O’s

Top7risksforDirectorsandOfficers

Byindustry

Sample:Allsurveyparticipants.Note:Rankedbasedonpercentage'very'or'extremelysignificant'foreachrisk

Source:2022-2023Directors'andOfficers'LiabilityInsuranceSurvey

Directors'and

Officers'insurance

coverage

RisksforDirectorsandOfficers

Business

OperationRisks

Appendix-

DetailedResults

ResponsesbyCountry

AbouttheSurvey

Introduction

14

Directors'and

Officers'insurance

coverage

RisksforDirectorsandOfficers

Appendix-

DetailedResults

Business

OperationRisks

ResponsesbyCountry

Introduction

AbouttheSurvey

Directors'and

Officers'insurance

coverage

15

CoverforESG-relatedrisksisa

newcoverageareaforthe2022-23

surveyandonly

appearsasatop7issueinAustralasia.Thisisinteresting

giventheamount

ofattentionESGhashadinsomeareas.

Notethatcoverforfinesandpenaltiesisinthetop7for

everyregionexceptNorthAmerica

(whereitwasinthetop7lastyear).Wehaveseensome

insurersseekto

restrictoreven

removethiscover,soitcontinuesto

beacoveragepointtowatch.

#1

#2

#3

#4

#5

#6

#7

Europe

Coverfor

cybersecurity-relatedrisks74%

Coverforfinesandpenalties69%

Control/settlementofclaims68%

Coverforclaimsinalljurisdictions66%

Achoiceoflawyer

66%

Costoflegaladviceattheearlystagesofaninvestigation66%

Abroaddefinitionofwhoisinsured66%

GB

Costoflegaladviceattheearlystagesofaninvestigation58%

Control/settlementofclaims56%

Conflictofinterest

betweenaDirector

andthecompany49%

Abroaddefinitionofwhoisinsured44%

Coverforfinesandpenalties43%

Coverforclaimsinalljurisdictions42%

Howdisputeswiththeinsurerwillbedealt

with42%

Asia

Control/settlementofClaims59%

Coverforclaimsinalljurisdictions58%

Howdisputeswiththeinsurerwillbedealt

with52%

Conflictofinterest

betweenaDirector

andthecompany51%

Coverfor

cybersecurity-relatedrisks49%

Coverforfinesandpenalties47%

Costoflegaladviceattheearlystagesofaninvestigation45%

NorthAmerica

Achoiceoflawyer75%

Coverforclaimsinalljurisdictions72%

Coverfor

cybersecurity-relatedrisks70%

Control/settlement

ofclaims68%

Howdisputeswiththeinsurerwillbedealt

with62%

Conflictofinterest

betweenaDirectorandthecompany60%

Abroaddefinitionofwhoisinsured60%

LatAm

Coverforfinesandpenalties84%

Coverfor

cybersecurity-relatedrisks84%

Coverforclaimsinalljurisdictions83%

Howdisputeswiththeinsurerwillbedealt

with82%

Control/settlementofclaims82%

Costoflegaladviceattheearlystagesofaninvestigation81%

Abroaddefinitionofwhoisinsured79%

Australasia

Coverfor

cybersecurity-relatedrisks69%

Control/settlementofclaims67%

Coverforfinesandpenalties65%

Achoiceoflawyer

58%

Abroaddefinitionofwhoisinsured54%

CoverforESG-relatedrisks50%

Costoflegaladviceattheearlystagesofaninvestigation46%

Riskranking

hasincreasedforD&O’s

Riskranking

hasdecreasedforD&O’s

Riskranking

hasremainedthesameforD&O’s

Top7Directors'andOfficers'insurancecoverageareas

Byregion

Sample:Allsurveyparticipants.Note:Rankedbasedonpercentage'very'or'extremelysignificant'importantforeachrisk

Source:2022-2023Directors'andOfficers'LiabilityInsuranceSurveys

Directors'and

Officers'insurance

coverage

RisksforDirectorsandOfficers

Business

OperationRisks

Appendix-

DetailedResults

ResponsesbyCountry

AbouttheSurvey

Introduction

16

Itisinterestingtonotethat19%ofrespondentsdon'tknowtheextenttowhich

thedirectorsandofficersoftheirorganisationareindemnified.

50%

7%

9%

14%

19%

Tothefullest

extentallowed

bylaw

Notatall

Other

Onlywhere

approvedbya

shareholdervote

Don'tknow

Indemnification

Towhatextentdoesyourorganisationagreetoindemnifyitsdirectorsandofficers?

Partially

Source:2022/2023Directors'andOfficers'LiabilityInsuranceSurvey

Directors'and

Officers'insurance

coverage

RisksforDirectorsandOfficers

Business

OperationRisks

Appendix-

DetailedResults

ResponsesbyCountry

AbouttheSurvey

Introduction

17

6

%67%

13%

14%

9%

41%

40%

10%

Expectations

(Previousyearsurvey)

8%

29%

47%

16%

1%

70%

10%

20%

Actualchange

(Currentyearsurvey)

13%

38%

31%

18%

4%

65%

11%

20%

Nextyear

Insurancepolicy–limits,retentionsandpremiums

Howhavethefollowingaspectsofyouror