According to the latest sigma study, “Maintaining resilience: the role of P&C insurers in a new world order” from the Swiss Re Institute, the COVID-19 pandemic and the war in Ukraine have exacerbated deglobalisation, creating an environment where concerns about supply chain resilience, energy and food security prevail. “Friend-shoring” of supply chains to allied countries and reshoring production capacity domestically, investments in green energy and mitigating a food crisis will shape the risk landscape and likely increase investments into the real economy.