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Insurers provide wafer-thin cover for semiconductor supply chain risks

Posted On: Mar. 17, 2023 9:51 AM CST

Supply chain risk

According to a new report from Lloyd’s of London and Willis Towers Watson PLC, insurance presently covers only small parts of the supply chain risks and the solutions provided by insurers offer only a wafer-thin patchwork of protection, Strategic Risk Europe reported. To address these protection gaps, semiconductor supply chain businesses are increasingly partnering with insurers and building their resilience.