Insurers in Florida are Barred from Non-Renewing or Canceling Insurance Policies
Insurers in Florida are currently barred from non-renewing or canceling policies, under an emergency order issued by the state’s Insurance Commissioner
Insurance
Global Auto Insurance Market Reached $823 bn. Insurer Group Rankings
Insuramore’s recently published ranking for the global auto (motor) insurance market shows that its GDPW rose to around USD 822.5 billion
Likelihood of a Cybersecurity Failure & Cyber Insurance Pricing
The pricing of cybersecurity insurance is similar to pricing property and casualty (P&C) or liability insurance. Insurance is based on an event not happening
Embedding Cyber Risk in Risk Management: An Insurer’s Perspective
Cyber risk has become one of the top risks on risk managers’ radar given its increasing incidence rate and impact
What Lessons Should Be Learn the Insurance Industry After Russia’s Seizure of EU Aircrafts?
The risk of a prolonged Russian invasion of Ukraine will further complicate the resolution of aircraft leasing insurance claims which would take years to settle
Why Female Millennials Are Often Left Out of the Life Insurance?
Female millennials are often left out of the insurance conversation. In a world striving for financial equality, solving this problem is critical, and from a commercial perspective
Cybersecurity & Cyber Insurance Market. How to Reduce the Impact of Cybercrime?
The frequency and severity of cyberattacks are ever increasing. Data breaches to steal personal information occur daily, but only the largest make the news
Cyber Insurance and Cyber Risk: Adding Value & Opportunity for Insurers
Cyber risk is a major driver of operational risk and that businesses and individuals are looking to the insurance industry to provide coverage for the cyber risks they face
How Global Insurers are Implementing Innovative Approaches to Investing?
A resilient portfolio construction, liquidity management, and integrated technology are becoming the focus of global insurers as they work on innovating investment approaches
U.S. Home Insurers Have of the Highest Level of Catastrophe Exposure to Hurricane Ian
The nationwide homeowners insurance giants in the U.S. have some of the highest level of catastrophe exposure to hurricane Ian, which is currently forecast to reach Florida
How Technology Can Help to Tackle Insurance Fraud?
The total cost of insurance fraud is estimated to be more than $40 bn per year. That means Insurance Fraud costs the average family between $400 and $700 per year
Global Commercial P&C Insurance Sector and its Competitive Structure
Global commercial P&C (non-life) insurance market, 145 insurer (carrier / underwriter) groups had GDPW in this category of more than USD 1 billion
How Does Crypto Insurance Coverage Helps Mitigate Against Losses?
For the digital asset market, insurance has proved something of a conundrum. As the sector has surged in value, the need for coverage has grown, but it has not proven easy
How Blockchain Can Help the Insurance Industry?
Blockchain continues to be a hot topic in the business world and news. Many people have heard of blockchain but may not be familiar with what it actually is
What Does Pet Insurance Cover and Not Cover? Dog, Cat, Horse & Rabbit Insurance Cost
What does pet insurance cover? It depends on the type of policy you go for, but as well as veterinary treatment for accidents and/or illnesses policies
What are the Main Reasons for Cyber Insurance Claim Denials?
Сlaims determinations under cyber insurance are particularly susceptible to insurers arguing that they did not intend to cover a type of claim
Insurance Claims Management. How Big Data & AI Technology Helps InsurTech?
The digitisation of claims management is a fundamental aspect of a modern and robust insurance operating model – but many insurers are still limited to using legacy systems
How Insurers and InsurTechs Can Transform Insurance Platforms? Core Transformation Missteps
As insurance carriers modernize their core platforms and other technical underpinnings, they would be remiss to ignore how industries like banking have approached change
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
How Florida’s Insurance Market Responds to a Repeat of a Category 5 Hurricane Andrew?
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
Types of Insurance for You Need. Why is it Important to Have Insurance Coverage?
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
FDIC Deposit Insurance for Crypto Assets: Products, Risks, Coverage
Some customers of crypto companies, such as crypto custodians, exchanges, brokers, wallet providers, and neobanks may be confused about Insurance Coverage
Central-East Europe (CEE) Insurance Market
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 for Baby Boomers, Millennials & Gen-X. How Insurers Can Court the Next Generation Clients?
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
Cybersecurity Insurance Market Size Forcast: $10.6 bn by 2025
As per GlobalData’s Cybersecurity in Insurance report, by 2025, the cybersecurity market size in the insurance sector will have reached $10.6 billion
Insurance Coverage and Key Benefits of Self-Driving Vehicles in the UK
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
How Digital Technology Adopting Can Help GCC Insurers Stay Ahead of the Curve?
Digital Technology and Digitisation the consideration of trends and the desire for greater flexibility in product development and making insurance information available to clients
North America Personal Accident & Health Insurance to Grow $1.5 trn by 2026
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
Parametric Catastrophe Bonds and Alternate Risk Transfer Mechanisms for China’s Market
Even as countries across the globe grapple with climate change, alternate risk transfer mechanisms like parametric solutions are emerging as the best option
Why Insurers can’t Afford to be ESG Spectators? 8 Tips for Insurance Industry
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. Auto Insurance Performance & Underwriting Results Drops on Inflation
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
US Insurance Industry Future & Postpandemic Scenario for Insurers
In survey of US insurance executives about the postpandemic scenario for insurers, optimism about the future was tempered by awareness of challenges
How to Russia’s War in Ukraine is Changing the World and Insurance? Defining the Scenarios
The War in Ukraine has once again demonstrated the devastating toll that a systemic event can have on the global risk landscape
The Role of Insurance & Reinsurance in Minimizing Risks of the War`s Impacts
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: Insurance for Traditional & Emerging Risks
Global Risk Management Survey illustrates traditional and emerging corporate risk portfolio and collates responses of 2,300 risk managers from 16 industries
A Key Barriers on Emerging Insurance Markets Overview
Insurance is critical to economic development as it enables economic activity by protecting lives, livelihoods and assets against insurable risks
Insurers` Key Role in Strengthening of Human Mental Health & Wellness Resilience
Insurers can play a key role in strengthening mental health & wellness resilience, according to a new report from analysts at Swiss Re
New Life Insurance Market Realities. Insights from 25 Life Insurers
Life insurance industry’s response to the drivers discussed above highly varied. Life insurers have been conservative or embraced innovation
Underwriting Crypto Assets: New Forms of Insurance Coverage & Losses
From an underwriting perspective, crypto assets may lead to unexpected losses and opportunities for new forms of insurance coverage
Why Declining Appeal of Endowment Life Insurance is Hurting Financial Wellbeing?
While ensuring financial wellbeing is the core purpose of life insurance, traditional business models have come under stress as socio-economic, demographic, health
Space & Satellite Insurance: Risk Covering from Pre-Launch to Operation in Orbit
Space and satellite insurance has evolved from simple launch coverage to a complex discipline combining contract analysis and advice, risk evaluation
Promising Outlook for Global Aviation Insurance Market. Economic insights
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
How Cyber Insurance Market Adapt to the Changing Threat Landscape?
The cyber insurance market continues to evolve and adapt to the changing threat landscape, as cybercriminals and nation states exploit security vulnerabilities
5 Largest Natural Catastrophes. Weather-related Events Drove $130 bn Losses
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
Human Resources Global Benchmark for Insurance: HR Insight into Service Model
Challenging economy, insurance institution’s human resource organization should be more nimble than ever to respond to constantly changing pressures
Cyber Insurer Perspectives on Ransomware. Insurance Market Outlook
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
Re/Insurers’ Role in Building Flood Resilience & Close Protection Gap
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 Proven Business Tactics Small & Medium-Size Enterprises Insurance
7% of medium-size enterprises reported gaps in their insurance coverage, 1/3 of the smallest firms identified outstanding insurance needs
Ransomware Attacks & Cyber Insurance. Ways to Insureds’ Cybersecurity Controls
Ransomware attacks have become even more damaging, audacious and widespread over recent years, with no obvious let-up on the horizon
New Era of Insurance Claims Management and Customers Experience
Insurers are quickly entering a new era of claims management—one supported by rapid technological advancements and growing data availability
Allianz Global Economic Outlook and Market Forecast
Global growth is entering a soft patch this year as uncertainty due to geopolitical risks remains high
Insurers` Digital Strategies for Personal Customer Engagement
Survey shows insurance marketing executives across sectors believe buyer expectations for acceleration of digital distribution channels
Global Insurance-Linked Securities Market Outlook
Global Insurance-Linked Securities (ILS) market ended another year on a high note as the annual new issuance record was broken once again
Using AI, Analytics & Cloud to Reimagine the Insurance Value Chain
Insurance professionals are getting more comfortable with recommendations coming from AI and utilizing them in underwriting, pricing, marketing, claims
Attracting the Talent — the Biggest Challenge Insurers Face
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?
Cyber Insurance Market Struggles With Ransomware Attacks
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 – Financial Help & Coverage for Tough Times
Business interruption insurance is designed to replace a source of business revenue that’s suddenly reduced or eliminated by certain disruptive events
How Digital Transformation Accelerating the Insurers Growth?
Insurers surveyed by the Deloitte Center for Financial Services remain fairly bullish when it comes to their growth prospects for 2022
6 Key Actions a Technology Deployment for Insurers. Underwriting Transformation Survey
London Insurance Market have historically competed on expertise and not technology. The route to success was seen to be hiring the best underwriters
9 New Technology Trends by Insurance Sector: Big Data, AI & Machine learning
Now that artificial intelligence, analytics and imaging technologies are being applied in the insurance sector, we are seeing more and more new TECH
Research finds 78 women use generative AI for every 100 men. Workplace barriers, automation risks and unequal representation raise concerns about AI adoption
Global research with insurance leaders examines why AI investment often remains tied to existing processes and how insurers are redesigning operating models
Financial pressure, AI, geopolitical tensions, natural catastrophes and infrastructure dependence are creating stronger links between global risks
JWC expanded its Black Sea Listed Area, increasing war risk exposure for ships and adding insurance costs across Ukrainian and regional routes