Investigations, Compliance & Insurance

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The global market has seen a variety of geopolitical issues as well as health-related challenges in the past few years, whether it be the Russian invasion of Ukraine in February 2022 and subsequent energy and supply chain crises, which continue to have an effect on world economies, or the post-pandemic pickup, with the shadow cast by Covid-19 still lingering in some prominent countries, such as China. Regardless, the world
keeps turning, as does the legal one.

Although many are used to hearing buzzwords such as cryptocurrency, sustainability, and diversity & inclusion, these once hot topics are now becoming reality. Talking a good game on environmental, social, and corporate governance, digital assets, and consumer data protection is no longer sufficient. Corporations have had the necessary time to put strategies in place to address these issues and thus achieve certain objectives laid out by global policymakers. Now, regulators are cracking down. They are expecting to see these large corporations fulfill concrete legal obligations, rather than merely virtue signal lofty intentions for marketing purposes. Protection, whether it be of consumer data, the environment, or online transactions, is becoming more important to regulators, customers, third parties, and investors. The use of artificial intelligence and machine learning has ushered in the era of Big Data. However, the larger the volume of data gathered, the more necessary it is to create systems that can analyze it, discover important trends, and also protect consumers and their individual information and interests. Part and parcel of this new reality is an increase in cyber threats, which need to be addressed through robust systems and software, but also the use of insurance, an ever-growing trend among businesses, to mitigate the damage of a successful attack.

Additionally, there is a major move towards what experts call open finance and open insurance. By offering their personal data to companies, consumers get more personalized services which correspond to their specific needs. Whether or not they are aware of the dangers of sharing such valuable information, consumers continue to hand over their data to corporations in the hope of having a better customer experience. And can you blame them? This is a perfect example of why innovation requires regulation. Without it, whether you are a business or a consumer, you become vulnerable. Consequently, it is the important task of policymakers and regulators to enforce such regulations, promote adequate compliance programs and investigations, and react through enforcement and punitive actions, when necessary, to keep society safe and maintain the balance between commercial interests and the rights of the individual.

The guide you are about to read recaps several key compliance, risk management and insurance topics of the day, and features exclusive interviews with leaders in these fields, as well as numerous rankings of leading law firms and consultancies by country and practice area, to help you address these increasingly vital issues