Methodology

About the Risk & Resilience research

During January and February 2023, we commissioned research company Opinion Matters to survey the opinions of over 2,000 business leaders and insurance buyers of businesses based in the UK, US, Canada and Singapore with international operations. Survey participants were asked about their views on insurers and insurance, as well as on four categories of risk:

• Environmental – including climate change and associated catastrophic risks, environmental damage, greenhouse gas emission, pandemic, food insecurity and energy transition risk.
• Cyber & Technology – including the threat of disruption, failure to keep pace with changing technology, cyber risk and IP risk.
• Business – including supply chain instability, business interruption, boardroom risk, crime, reputational and employer risk and failure to comply with ESG regulations and reporting requirements.
• Geopolitical – including strikes and civil disruption, changes in legislation and regulation, economic uncertainty, inflation and war & terror.

Of the firms surveyed, there was an equal split of respondents across company sizes of: $250,000 - $1 million, $1,000,001 - $10 million, $10,000,001 - $100 million, $100,000,001 - $1 billion, more than $1 billion.

With a minimum of 50 respondents per country per industry sector, respondents represented businesses operating in:

• Healthcare & Life Sciences
• Manufacturing, Retail, Wholesale and Food & Beverage
• Commercial Property, Real Estate and Construction
• Hospitality, Entertainment and Leisure (including Gaming)
• Financial Institutions and Professional Services
• Energy and Utilities (including Mining), Marine and Warehousing
• Public Sector and Education
• Tech, Media and Telecoms
• Transportation, Logistics, Cargo and Aviation

Previous waves of the survey were undertaken between 01.02.2021 and 10.02.2021 as well as 10.01.2022 - 24.01.2022.

Contributors

Lucien Mounier, Head of Asia Pacific, Beazley

Nicholas Tey, Regional Manager Asia Pacific, International Financial Lines, Specialty Risks, Beazley

Marshall Lee, Climate & Sustainability Leader, Marsh Asia

Teck Siong Ng, Underwriter – Cyber Risks, Asia Pacific, Beazley

Jessica Schappell, Claims Manager, Asia Pacific, Beazley