This thought leadership piece was kindly provided by Protean Risk. For more information, please contact Tom Spraggs (TomSpraggs@proteanrisk.com).

In the last decade, we have seen an explosion in the variety and extent of available technology. While large parts of the economy were negatively affected by Covid-19, the technology sector saw huge growth as businesses and families increasingly relied on tech to stay connected, entertained, and operational while physical contact was restricted. However, despite market-beating returns for many Venture Capital and Private Equity firms, the industries continue to face limited appetite from Insurers.

Risk Exposures Historically, the insurance market has exercised more caution when considering these sectors compared to other Asset Management firms. Factors that have limited insurer appetite include:

Current factors limiting appetite now extend to:

CHALLENGES YOU MAY HAVE FACED WITH YOUR INSURANCE RENEWAL

The insurance market has gone through a period of unprecedented change in the last 18-24 months, with firms facing the following challenges:

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