HUB Outlook 2024

Hub International Massachusetts, global insurance brokerage, has released its outlook for insurance for 2024.

The report, complemented by 14 in-depth industry- and sector-specific assessments, is based on insights from HUB’s proprietary survey of 900 executives and 200 high net worth individuals and their advisors. Amid elevated risk factors — from geopolitical instability, natural disasters and labor disruptions to the rapid evolution of AI — many companies and high net worth individuals still rely on legacy risk mitigation, insurance and employee engagement strategies, resulting in a false sense of preparedness. Organizations with a forward-looking and comprehensive approach can seamlessly navigate risks. On the contrary, those lacking such actions and initiatives tend to overestimate their readiness or possess a false sense of preparedness and expose their businesses to risks.

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