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Supply chain disruptions were felt across many industries in 2022, including insurance. The embrace of “just-in-time” delivery and leaner inventory models have optimized the global supply chain for efficiency, but not resiliency.
For the second year in a row, pandemic was selected as the top issue in the 2021 Emerging Issues Bracket Challenge, passing through a final four that included tough competition from climate change, ransomware, and autonomous vehicles.
As the 2020 tournament progressed, the ongoing spread of novel coronavirus seemingly made pandemic the only viable option to be selected as the top emerging issue.
Data breach and security wins its fifth Emerging Issues title in six years over semi-finalists opioids, marijuana, and climate change.
Perhaps because of high-profile data breaches, including the reported Equifax breach, cybersecurity-related issues were back on top in the 2018 Emerging Issues Bracket Challenge.
Autonomous vehicles defeated distracted driving in the final round to become the winner of the 2017 Emerging Issues Bracket Challenge. Cyber-related topics made a strong showing, with data breach liability making it to the semifinals.
With the growing frequency and severity of cyber attacks continuing to keep insurance professionals on the defensive, cybersecurity came out ahead of social media, drones, and the Internet of Things in the final rounds.
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