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Instant Insights / 2021: Insurance trends and issues to watch

After a year as challenging as 2020, insurance professionals and insureds looking at 2021 with a positive outlook. But that doesn’t mean they are resting on their laurels. Now is the time for agents, brokers, and insurers to strategize for the months ahead. These articles provide insights into the insurance and risk management trends to keep top-of-mind this year.

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Joe Biden gestures while arriving at an election night party in Wilmington, Delaware, U.S., on Wednesday, Nov. 4, 2020. (Photo: Stefani Reynolds/Bloomberg)

As President Joe Biden pledges to level up cybersecurity response and operations in the wake of the SolarWinds cyberattack, expect the new administration to build upon the current cybersecurity infrastructure. The benefits and drawbacks for the insurance industry are, of course, not certain, but based on previous policies, commissioned reports, and Biden’s recent moves, we’ll outline some possible impacts on cyber insurance.

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