From: Insurance Business

The Global Directors’ and Officers’ Survey Report 2024, jointly published by major brokerage WTW and international law firm Clyde & Co, has brought to light the pressing issue of health & safety as the principal concern for directors and officers worldwide.

Spanning the UK, Europe, Asia, Australasia, Latin America, North America, Africa, and the Middle East, the comprehensive analysis found that an overwhelming 84% of respondents deem health & safety ‘very or extremely important’ – overshadowing cyberattack risks (79%).

Systems & controls and breach of sanctions, meanwhile, emerged as new entrants among the top seven risks for global directors. Interestingly, climate change did not make the overall cut but remained a major consideration in regions like Asia, Australasia, and the Middle East.

There was also a noticeable trend towards alternative risk transfer strategies, with a significant number of participants considering or already employing captives to manage D&O risk.