Global M&As Decline as Central Banks Tighten Monetary Policy

Global M&As experienced a 24% decline in total value from $1.54 trillion last year to $1.19 trillion this year, attributed to businesses' reluctance to make expensive deals as interest rates rise and uncertainty grows over the global economy. Japan saw a double-digit increase in M&A activity due to a steady monetary policy and increasing share prices. The global insurance industry also saw a significant decline in M&A activity, with completed deals totaling 171 worldwide, influenced by factors such as reduced appetite for insurtech businesses and challenges in obtaining capital for insurtech firms.