Board directors are vulnerable to a litany of business exposures, any of which could potentially derail the financial health, continued service and reputation of any company. Allianz Global Corporate & Specialty, a business insurance provider, is projecting the trends companies should guard against in 2022 when it comes to directors and officers (D&O) insurance, including:
- Instability in company insolvency rates may continue as nations ease back on pandemic-related programs aimed at helping businesses stay afloat.
- More banks and insurers will assign individual responsibility for overseeing climate-related risks.
- Individual corporate directors will continue to be at increased risk of shareholder derivative lawsuits.
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