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?
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