b'MERGERS & ACQUISITIONS|TRANSACTIONAL LIABILITY INSURANCEwere taking, advantage of government support schemes and protections; as those are withdrawn and the true strengths, and weaknesses, of the businesses reveal themselves, it remains possible that claims will emerge. Regrettably, the rapid increase in cyber and data-breach incidents, notably those involving ransomware, throughout 2021 may well impact W&I policies as 2022 progresses, notwithstanding the move towards tighter wordings in this context. The W&I market will continue to mature into 2022 and beyond, and we anticipate no decline in claims activity as the year progresses.40|Global Insurance Industry Year in Review 2021'