1、Transactional Risk Global Tax Bulletin 20242IntroductionWelcome to the Transactional Risk Global Tax Bulletin 2024.This report provides a global overview of the current state of the tax insurance market,which is experiencing significant growth and is comparatively mature in the Western Hemisphere.Th

2、is report explores key trends and developments,and growth opportunities in tax insurance across regions including the US,Canada,Latin America,the UK,Europe,and Asia Pacific(APAC).The report examines the increasing use of tax insurance in various industry sectors and explains the factors behind decli

3、ning premium rates.It provides valuable insights into the global tax insurance market,enabling businesses,lawyers,tax advisors,and insurers to better understand and make informed decisions regarding tax risk mitigation.Marsh Global Tax Overview20232020202120226,00001,0002,0003,0004,0005,0002,3725,37

4、25,4975,641Global Amount of Tax Risks/Limits(in USD million)USD million2023202020212022050100150200250113173160235Global Number of Bound Tax PoliciesTransactional Risk Global Tax Bulletin 20244United States,Canada,and Latin AmericaThe tax insurance market in the Americas is growing rapidly,is a comp

5、aratively mature market,and has been seeing claims activity.The US market can be divided into three sectors:M&A based:Representations and warranties insurance(called warranties and indemnities insurance in Europe and Asia)includes coverage for unknown tax risks and breaches of tax representations in

6、 purchase agreements.However,tax insurance can step in and mitigate“known”or identified tax risks where insurers have an appetite for that category of risks,such as pass-through status and possible inadvertent terminations of S corporation status,pre-acquisition restructurings,availability of tax at