Global insurance premiums linked to the energy transition are expected to exceed the equivalent of £7.2bn by 2030, driven by rapid investment in hydrogen, battery storage and renewable power, according to research conducted by Aon.

Willis Global Aviation and Space has partnered with NATS to provide risk and resilience advisory services to aviation stakeholders worldwide. The partnership will combine Willis’ risk expertise with NATS’ operational knowledge to help aviation providers manage escalating geopolitical, cyber, climate and supply chain pressures, and to strengthen organisational resilience.

The UK government has announced proposals to strengthen cyber defences for essential public services like healthcare, drinking water providers, transport and energy. The move comes as new research suggests the cost of attacks is almost £15bn annually.

If there’s one thing we’ve learned over the last few years, it’s that uncertainty isn’t a glitch in the system; it is the system. Geopolitics, AI, climate shocks, skill shortages: every business plan assumes some measure of stability that reality doesn’t provide. Organisations talk a lot about resilience but when you scratch the surface it often reveals a technical plan built on a very human fault line.

There has been a lot of talk lately about how wholesale insurance and retail insurance are very different creatures. In the wholesale market, customers are often multinationals with large risk, legal and procurement functions. They often have more capacity to litigate than the brokers they do business with. In the retail market, the David and Goliath dynamic is switched; it’s the insurers with all the resources, while consumers enter into potentially life-changing contracts on their mobile phones while watching reruns on TV.

Plagued by severe weather events, shadow fleets and geopolitical instability, 2025 is a year that the shipping industry and its insurers might prefer to commit to the scrap heap.