The Gallagher Business Insurance & Risk Market Update H1 2023 report provides insights into the current and emerging risk exposures by key commercial lines, as well as what's impacting on claims outcomes.

In this edition, there is also an industry spotlight on the construction sector, as the reality of liability woes remain.

Topics covered include

  • Placement and market update — while premium increases are levelling out generally insurers remain selective of the risks they will accept.
  • Claims — in a challenging claims environment businesses are advised to opt for higher sums insured and longer indemnity periods.
  • Professional and financial lines — with new competition entering the market cover is becoming more attainable but regulatory pressure remains.
  • Cyber risks — a proactive risk management approach at board level is key to accessing cyber insurance under optimal conditions.
  • Property — delays and escalating reinstatement costs are impacting premium costs and leading some businesses to seek alternative solutions.
  • Workplace risks — changes in governmental policy are mirrored by businesses adopting new approaches to workplace health and safety.
  • Industry focus: construction — while there has been stabilisation in the contract works insurance market, capacity for civil engineering risks is limited.


Gallagher provides insurance, risk management and benefits consulting services for clients in response to both known and unknown risk exposures. When providing analysis and recommendations regarding potential insurance coverage, potential claims and/or operational strategy in response to national emergencies (including health crises), we do so from an insurance and/or risk management perspective.