Article
The current risk landscape for UK corporates is highly dynamic, shaped by economic uncertainty, geopolitical tensions and rapid technological change.
Businesses are navigating inflation, rising interest rates, post-Brexit trade adjustments and ongoing supply chain disruption. Geopolitical developments, including the Russia–Ukraine conflict and evolving EU trade relations, add further complexity.
At the same time, cyber threats continue to escalate, with increasingly sophisticated ransomware attacks and data breaches driving both operational and reputational risk. In response, organisations are placing greater emphasis on robust, forward-looking risk management strategies.
Reflecting this environment, cyber insurance continues to see strong growth, driven by the frequency and severity of cyber incidents.
Property and casualty cover remains a core requirement, while heightened regulatory scrutiny and litigation risk are increasing demand for directors’ and officers’ liability and professional indemnity insurance.
Beyond these core lines, demand is also growing in more specialised areas. Climate-related solutions such as flood cover, parametric insurance and renewable energy protection are gaining traction, alongside marine insurance as businesses respond to global trade and supply chain volatility.
At the same time, trade credit and employee benefits solutions are seeing increased interest as organisations prioritise resilience, financial stability and workforce wellbeing.
Multinational programmes are well suited to today’s complex risk environment, providing centralised and consistent coverage across multiple jurisdictions.
They enable organisations to balance global oversight with local compliance, helping manage risks such as geopolitical instability, supply chain disruption and trade credit exposure more effectively.
By reducing coverage gaps and streamlining programme management, multinational solutions support operational continuity—an essential requirement in an increasingly interconnected and uncertain global landscape.
Technology plays a central role in enhancing multinational programmes, improving efficiency while increasing transparency and data quality for clients.
At the core is Sompo’s proprietary digital platform, which centralises programme management and provides real-time visibility of policies, claims and compliance across jurisdictions. The platform is also accessible to network partners, supporting collaboration and alignment with local regulatory requirements.
Ongoing enhancements are focused on improving access to regulatory data, strengthening reporting and insights, and increasing automation across processes such as policy administration and claims handling.
Importantly, these technological capabilities are underpinned by a continued focus on data quality and process consistency.
Sompo continues to invest in its global network, technology and expertise to deliver tailored, customer-centric solutions.
This includes expanding its international footprint, enhancing collaboration with brokers and local insurers, and developing more automated, integrated platforms for standardised business to improve speed, accuracy and contract certainty.
Alongside this, Sompo is investing in people—adding more than 60 multinational specialists across 11 countries—to provide local insight and act as trusted advisors to clients and brokers.
As client needs become more complex and bespoke, this combination of global reach, technology and expertise enables a more individualised approach to multinational risk management.
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