How Do Insurance Markets Respond to Inflation? Negative Effects
The insurance industry is often described as “recession proof” but it’s definitely not inflation-proof. We’ll try to cover the what, why, and how of inflation
The insurance industry is often described as “recession proof” but it’s definitely not inflation-proof. We’ll try to cover the what, why, and how of inflation
Because of significant exposure growth, the impact of social inflation, and climate change complications, Florida’s insurance market could struggle to respond to a repeat of a Category 5 hurricane
Insurance policies can cover up medical expenses, vehicle damage, loss in business or accidents while traveling. Life Insurance and General Insurance – major types of insurance
Some customers of crypto companies, such as crypto custodians, exchanges, brokers, wallet providers, and neobanks may be confused about Insurance Coverage
Insurers across the 17 CEE Insurance markets under the scope reports ended 1Q2024 with GWP amounting to EUR 11.4 billion, up by 10.2% y-o-y
Insurance carriers and agencies should start considering how to court the next generation of clients, as baby boomers will be leaving record-breaking levels of wealth
As per GlobalData’s Cybersecurity in Insurance report, by 2025, the cybersecurity market size in the insurance sector will have reached $10.6 billion
Self-driving vehicles are fast approaching commercialisation in markets across the world. By 2035, 40% of new cars in the UK could have self-driving capabilities
Digital Technology and Digitisation the consideration of trends and the desire for greater flexibility in product development and making insurance information available to clients
The personal accident and health (PA&H) insurance industry written premium sales in North America are projected to grow from $1.2 trillion in 2023 to $1.5 trillion in 2026
Even as countries across the globe grapple with climate change, alternate risk transfer mechanisms like parametric solutions are emerging as the best option
Discover eight key tips to help insurers respond to the risks and opportunities of the growing scrutiny of their performance and identity through an ESG lens
U.S. personal auto insurers saw a sharp deterioration in underwriting performance for 1H2022, according to mid-year segment results from public company GAAP filings
In survey of US insurance executives about the postpandemic scenario for insurers, optimism about the future was tempered by awareness of challenges
The War in Ukraine has once again demonstrated the devastating toll that a systemic event can have on the global risk landscape
Since the start of the Russia`s War in Ukraine, the global (re)insurance industry has been working to help those affected by the conflict
Global Risk Management Survey illustrates traditional and emerging corporate risk portfolio and collates responses of 2,300 risk managers from 16 industries
Insurance is critical to economic development as it enables economic activity by protecting lives, livelihoods and assets against insurable risks
Insurers can play a key role in strengthening mental health & wellness resilience, according to a new report from analysts at Swiss Re
Life insurance industry’s response to the drivers discussed above highly varied. Life insurers have been conservative or embraced innovation
From an underwriting perspective, crypto assets may lead to unexpected losses and opportunities for new forms of insurance coverage
While ensuring financial wellbeing is the core purpose of life insurance, traditional business models have come under stress as socio-economic, demographic, health
Space and satellite insurance has evolved from simple launch coverage to a complex discipline combining contract analysis and advice, risk evaluation
Aviation insurance refers to indemnification of a client against losses arising from the result of damages, maintenance, or use of aircraft, and hangars at the airport
The cyber insurance market continues to evolve and adapt to the changing threat landscape, as cybercriminals and nation states exploit security vulnerabilities
Weather-related Events drove economic losses of $65 bn, which is down on last year’s $105 bn, with insured losses staying roughly the same at approximately $34 bn
Challenging economy, insurance institution’s human resource organization should be more nimble than ever to respond to constantly changing pressures
The views of the insurance industry are not always prominent in the debate on ransomware. In order to provide a re/insurer perspective, we surveyed cyber insurance
Today risk assessors use a wide set of tools ranging from sophisticated flood hazard maps to fully probabilistic risk models, but more can be done
7% of medium-size enterprises reported gaps in their insurance coverage, 1/3 of the smallest firms identified outstanding insurance needs
Ransomware attacks have become even more damaging, audacious and widespread over recent years, with no obvious let-up on the horizon
Insurers are quickly entering a new era of claims management—one supported by rapid technological advancements and growing data availability
Global growth is entering a soft patch this year as uncertainty due to geopolitical risks remains high
Survey shows insurance marketing executives across sectors believe buyer expectations for acceleration of digital distribution channels
Global Insurance-Linked Securities (ILS) market ended another year on a high note as the annual new issuance record was broken once again
Insurance professionals are getting more comfortable with recommendations coming from AI and utilizing them in underwriting, pricing, marketing, claims
The big question insurers face is where will all that talent come from, and how will they be able to recruit skill sets to advance increasingly digitized operations?
As we look back on the cyber insurance marketplace, we see all the hallmarks of a hardening market, with no signs of relief as we move into 2022
Business interruption insurance is designed to replace a source of business revenue that’s suddenly reduced or eliminated by certain disruptive events
Insurers surveyed by the Deloitte Center for Financial Services remain fairly bullish when it comes to their growth prospects for 2022
London Insurance Market have historically competed on expertise and not technology. The route to success was seen to be hiring the best underwriters
Now that artificial intelligence, analytics and imaging technologies are being applied in the insurance sector, we are seeing more and more new TECH
Swiss Re expect total premiums volumes will rise USD 7 trillion for the first time ever by the end of 2022. Rate hardening in commercial lines will continue growth
The COVID-19 pandemic has prompted a widespread reprioritisation of tech
initiatives and will hasten the deployment of digital solutions across the world.
Cyber insurance remains a relatively immature although still-growing market in most industrialised countries. Insurance solutions by Lloyd`s
Swiss Re estimate strong 6.1% nominal growth in total premiums (non-life and life). That translates into near flat growth (+0.4%)
2023 was expected to be another bumper year for the insurance industry, but the invasion of Ukraine has dashed those hopes
Insurance Europe call for supervisory and regulatory approaches to climate-related risk that reflect realties of insurance business.
In the 2022-2023 were highly active in many territories around the world. Natural hazard events occurred in Europe, Australia and USA
AI, Digitization & Agent Experience is changing the role of insurance, from pure risk protection towards predicting and preventing risks
Global insurance resilience recovered, primarily due to strong improvement in health resilience, which natural catastrophe
Insured natural catastrophe losses for 2021 are estimated at between $105 billion and $120 billion, according to several sources, making it the third highest natural catastrophe loss
Insuramore has completed a global ranking of insurer (carrier) groups as measured by cyber insurance gross direct premiums written (GDPW)
Direct premiums written in the cyber liability insurance market continued to grow in 2022-2024, seeing a 75% increase, far outpacing that of the overall property/casualty insurance
Revenues earned worldwide by MGAs, MGUs and cover-holders had a value of around USD 12.5 bn. 55 of the top 250 MGA groups belong to insurance brokers