Derisking Supply Chains: A deep-dive into the automotive industry

The supply chain challenges facing the automotive industry are becoming increasingly evident, driven by a myriad of factors such as inflation, geopolitical conflicts, technology advancement and the rise of electric vehicles. The concentration and consolidation of suppliers further exacerbate the disruption for the industry.
At Swiss Re, we observed increasing business interruption (BI) losses and a significant protection gap for supply chain exposure. Yet the potential risk accumulation and the lack of quality data hinder insurers from broadening their coverage and enabling further business growth. 

What are the latest trends impacting the automotive supply chain? What are the industry's claims experiences? And how can we adapt to the emerging risk landscape and strengthen risk assessment of supply chain interruption?