2025年全球交易风险保险理赔报告（英文）

A business of Marsh McLennanGlobal transactional risk insurance claims report 20253 Foreword4 Global snapshot5 2024: A significant year for transactional risk claims7 North America13 United Kingdom17 Europe22 Asia Pacific26 Conclusion27 Recommendations to navigate the claims landscape2Global transactional risk insurance claims report 2025ForewordThe transactional risk insurance market has gone through a transformation in 2024. As outlined in Marsh’s Global transactional risks insurance claims report 2025, last year was characterized by a notable rise in both the volume and complexity of notifications made under representations and warranties (R&W) policies, known as warranty and indemnity (W&I) outside of North America.Drawing on insights from our dedicated claims specialists across North America, Europe, the UK, and Asia Pacific, the report offers a data-driven view of the evolving nature of claims. We explore the global rise in claim severity and the shift toward earlier notifications in many regions and discuss why breaches tied to financial statements often result in higher loss amounts compared to other claims. As the transactional risk landscape continues to evolve, this report aims to help dealmakers, underwriters, and advisors understand emerging trends, manage risk more effectively, and prepare for the challenges ahead. Thank you for your interest in our report. We hope the insights shared here support your efforts to navigate an increasingly complex transactional risk environment with greater clarity and confidence. Craig Schioppo Global Transactional Risk Leader3Global transactional risk insurance claims report 2025Global snapshotTotal payments from insurers to Marsh clients under transactional risk policies in 2024 exceeded US$300 million for the second year running, with over US$1.4 billion net of retention paid to clients since 2018. Key findings from our analysis include:• All regions saw increases in claims notifications, with the UK recording a notable 70% increase in claim notifications compared to the previous year.• Insureds reported claims earlier in the policy term in all regions, save for the UK, with the majority of notifications made in the first 18 months after policy inception.• While tax breaches remained a frequent cause of notifications, breaches of financial statements were the leading cause of notifications globally in 2024. • Losses from financial statements breaches accounted for over 50% of the total amount paid by insurers.• Compliance breaches represented over 17% of the number of payments made in 2024 — marking a potentially important shift in the payment landscape.4Global transactional risk insurance claims report 20252024: A significant year for transactional risk claimsThe volume and complexity of claims continued to increase around the world in 2024. Macro-economic factors and geopolitical uncertainty affected mergers and acquisitions (M&A) activity in all regions. Investors closely monito