Global Emerging Risks, Insurance & Macro Trends Outlook
The world undergoes constant change and this gives rise to “emerging risks”. Thechanging risks are difficult to quantify, yet can have significant impact on the insurance industry
Insurance
Western Insurers Provides Cover for Tankers with Russian Oil Despite Sanctions
Western insurers have provided coverage for Rosneft tankers transporting sub-sanctioned Russian crude… despite the risks linked to the G7 price cap
U.S. Personal Auto Insurers See Strong Recovery, Growth Expected in 2025
The improving 2024 results for U.S. personal auto insurers are expected to persist through the rest of 2024 and into 2025. Significant price hikes and easing claims severity
US Life Insurers Report Strong 2024 Earnings and Outline Strategic Growth
US life insurers experienced a relatively stable second quarter, showing higher year-over-year earnings and unveiling strategic updates for select companies
Global Natural Disaster Losses in H1 2024 Reached $120 bn
Global natural disaster losses in the first half of 2024 reached $120 bn, down from 2023, which saw $140 bn in losses due to a severe earthquake in Turkey and Syria
Business Interruption Risk Insurance for Global Supply Chains
Reduced investment in supply chains lowers their resilience to natural disasters, unexpected technology outages, and political events, increasing the risk
Increasing Use of AI Technology Triggers Insurance Claims
Increasing use of artificial intelligence triggers claims across many lines of business. Insurers will need to understand of intended effects
Major Natural Disasters in H1 2024: Insights for Insurance Industry
Natural disasters amplified by climate change continue to take a bitter toll on the global economy, caused $350 bn in economic losses, with insurance covering just over $100 bn
H1 2024 Global Natural Catastrophe Statistics: Economic & Insurance Losses
1H 2024 saw multiple notable natural catastrophe events, which drove total year-to-date economic losses above at least $117 bn
Rising Interest Rates Boost Life Insurers’ Risk Appetite
Life insurers’ risk appetite is returning rapidly as interest rates remain higher for longer. Stock insurers are regaining appetite for asset-intensive business
US Severe Convective Storm: Costliest Insured Loss in 2024
Severe convective storm (SCS) losses in the US continued to dominate global insured losses in 2024, following a highly active period for the peril
Homeowners Insurance Costs Dynamics, Trends and Forecast
The rise in U.S. homeowners insurance costs have been driven by a combination of increasing natural catastrophe losses and extraordinary inflation
World Insurance Industry in 2024 Reached a New Equilibrium
The global insurance industry has reached a new equilibrium after the challenges of recent years. The global economy has surprised on the upside
Insurance Industry Faces Challenges as Atlantic Hurricane Season Begins
The 2024 Atlantic hurricane season officially began and has already been active. Business owners found that 91% identified specific weather or natural hazards as risk
2024 Global Natural Catastrophes. Top 10 Costliest Insured Events
The total economic loss from global natural catastrophes for H1 2024 was estimated at $128 bn, insured losses totalled at $61 bn
Global Benefits Standards for Multinationals
Aon released Global Benefits Trends Study. The study indicates global minimum benefits standards are becoming standard for multinationals
Hurricane Beryl’s Impact on Insurance Industry: Loss Forecasts
Insured losses from Hurricane Berylcould have surged if the Category 1 hurricane had struck a densely populated Texas city like Corpus Christi or Galveston
US Property & Casualty Insurance Set for 2024 Profit Boost
The U.S. property and casualty insurance market is set for a return to underwriting profitability and significant improvements in return on capital
Retirement Savings Gap and Life Insurance Strategies
The low interest rate years were challenging for people trying to save for retirement. Low rates made savings products and life insurance less appealing
New UK Government Will Claim to Reduce Car Insurance Hikes
The UK Government can reduce claims costs to lower car insurance prices, according to industry experts. The Labour Party, which polls indicate is win the general election
2024-2025 Forecasts for the German Non-Life Insurance Sector
Fitch Ratings upgraded its outlook for the German non-life insurance sector from ‘neutral’ to ‘improving’ due to anticipated better profitability from rising premium rates
U.S. Homeowners Insurance Claims for Lightning Losses
$1.2 bn in lightning-related homeowners insurance claims were paid to more than 70,000 policyholders in the U.S., with $194 mn attributed to Texas alone
Home Insurance in Florida: Lower Rate and Risk Crisis
Home insurance premiums in Florida rose at a much lower rate than originally projected in 2023 (80% less) and 2024 (60% less)
Life Insurers’ Exposures to Illiquid Assets Have Been Rising
While life insurers’ exposures to illiquid assets have been rising, it does not necessarily lead to unmeasured risks. Private and illiquid credit cannot be traded or sold
Higher Interest Rates Improve the Outlook for Life Insurance
Higher interest rates improve the outlook for life insurers. Demand for savings-related products is surging, with US fixed annuity sales
Personal Auto Insurance Rates Overview
Personal auto insurance underwriting profitability appears to finally be headed in a positive direction after recent years of record underwriting losses
Global Life Insurance Industry in 2024 Undergoing Significant Evolution
The life insurance industry in 2024 looks very different to 15 years ago. Low interest rates from 2008 until the inflation surge after 2021 put huge strain on the traditional life
Life Insurance & Retirement Savings. Forecast for the U.S. & Europe
The surge in interest rates to 15-year highs significantly improves the outlook for life and annuity insurance. The life insurance industry today looks very different to 15 years ago
Insurers Accelerating AI Integration in Insurance Customer Experience
Insurance companies have increasingly integrated digital processes into their customer journeys, yet the adoption of AI technologies lags behind
Insurance Brokers Global Ratings by Revenues
The value of the worldwide market for insurance broking in terms of fees and commissions earned was around USD 168 bn in 2023
El Niño & La Niña. Direct Impact for Insurance Industry
Insurance alone cannot help protect the region from disruption caused by severe weather events brought by El Niño and La Niña
How Insurers Can Get Best Results from Artificial Intelligence Tools?
As the insurance market recognizes the potential of artificial intelligence, there remains uncertainty about how to effectively apply the technology to enhance customer engagement
New Trends in Insurance Mergers and Acquisitions for 2024-2025
Deloitte presents new trends in insurance mergers and acquisitions for 2024-2025, focusing on how economic, regulatory, and strategic factors might shape the future.
Forum for Insurance Transition to Net Zero Scales Up Climate Action by Insurers
Forum for Insurance Transition to Net Zero (FIT), a new UN-led and convened structured dialogue and multistakeholder forum
Impact of Climate Change on Health & Life Insurance Industries
In the insurance industry, understanding of the risks related to climate change is mostly concentrated in P&C business lines as well as investments
Dog Bite Liability Insurance Review: Claims & U.S.Legislation
Insurance policies often cover dog bite liability, providing financial protection for the owner against claims from bites or other injuries caused by their dog
Global Natural Catastrophe Report: Q1 2024 Insurance Insights
The global financial cost of natural catastrophes starting in 2024 was manageable for federal governments and the insurance industry
U.S. Commercial Lines Insurance Pricing Review
Commercial insurance prices began to rise again, exceeding 5% in the 2023 and further increasing to above 6% by the 2024
How Many Insured Losses Drives the Francis Scott Key Bridge Collapse?
The collapse of the Francis Scott Key Bridge near the Port of Baltimore, Maryland is expected to drive up to $4 bn in insured losses
Generative Artificial Intelligence Provides Great Opportunities for Insurers
Generative artificial intelligence is a great opportunities for insurers. AI considered one of the most important technological breakthroughs of the last few decades
Artificial Intelligence Becomes an Unexpected Risk for Insurance
With artificial intelligence practically impacting all aspects of everyday life, the number of insurance gaps when using AI has staggered in recent years
World’s Most Valuable Insurance Brands in 2024
World’s most valuable insurance brands retain their ranks through innovation and adaptability strategies. Brand Finance compiles a Sustainability Perceptions Index
World’s Most Valuable Insurance Policy
The world’s most valuable life insurance policy has been taken out by an individual customer of HSBC Life in Hong Kong, according to Guinness World Records
How to Choose the Best Travel Insurance for Your Dubai Vacation?
Are you ready to travel to Dubai? Even though it’s typically safe to go to the United Arab Emirates, unanticipated events might occasionally occur and ruin your holiday
Top 10 Risks for the Global Insurance Industry in 2024
The top risks for the insurance industry reflect the sector’s rapidly changing nature while at the same time reinforcing its critical role in protecting global businesses
NatCat Insured & Economic Losses Increases Due to Climate Change
Climate change will have a larger impact on economic losses in the future, according to Swiss Re Institute. A new analysis of 36 countries ranks
Solvency II Directive & IRRD: New Rules for EU Insurance Sector
Council and the Parliament have reached a provisional agreement on amendments to the Solvency II directive, the EU’s main piece of legislation in the insurance area
What is Uninsured Motorist Coverage? How Does it Work?
Uninsured motorist coverage is a type of automobile insurance designed to protect drivers and passengers financially in the event of an accident
Digitalization in Insurance: New Risks & Solutions
In the era of digital transformation, the insurance sector has observed a paradigm shift in the creation of value. Digital data, now form a significant part of the economic value
New Opportunities for Transport & Logistics Supply Chains Insurance
The Lloyd’s report examined the semiconductor sector’s risk challenges and aimed to spark product innovation through outlining the opportunities to develop new supply chain
U.S. Commercial Insurers Demonstrated Underwriting Profitability. 2024 Trends
Insurers specializing in commercial and personal lines experienced an enhancement in their underwriting outcomes compared to the previous year
UK Life Insurance Sector Outlook for 2025 is Improving
UK life insurance sector are likely to pass on more of the interest they earn on customer cash balances to protect their reputations as customer fairness regulation
Insured Losses from Noto Peninsula Earthquake in Japan Forcasts
Insured losses from the 7.6 magnitude earthquake that struck the Ishikawa prefecture on the Noto Peninsula, Japan, on 1 January 2024 are likely to be small
Largest Natural Disasters Review: Thunderstorms & Earthquakes Cost
The past year was once again characterised by extremely high insured losses from natural disasters, despite the fact that there were no extreme individual losses
US Life Insurers Will See a Benefit to Investment Income in 2024
US life insurers are expected to see a benefit to investment income amid high interest rates in 2024, but investors will likely still be watching for potential issues
U.S. Property & Casualty Insurers Will See Some Relief in 2024
U.S. property and casualty insurers will see some relief in 2024 year following a rough 2023 as a personal auto line recovery contributes to statutory profit improvement
Monitoring of Systemic Risks of Insurance Companies in 2025
The IAIS performed trend analysis on insurance data and used the outcomes for the overall assessment of evolution of systemic risk
Global Insurance Market: Premiums, Profitability, Risk Assessment
IAIS published its Global Insurance Market Report (GIMAR), sharing the outcomes of this year’s Global Monitoring Exercise
Cyclone Jasper Triggers Record Floods in Queensland: Insurance & Climate Challenges
Cyclone Jasper highlights the increasing challenges posed by extreme weather conditions and their impacts on communities, infrastructure, and the insurance industry
U.S. P&C Insurance: Weak Performance and Neutral Outlook
The U.S. property and casualty (P&C) insurance sector experienced subdued statutory financial performance, primarily due to a decline in personal lines
Global reinsurance under pricing pressure in 2026, while U.S. P&C insurance stays stable despite slower growth, softer underwriting profits and earnings
US home claim severity rose 25.9% in 2025 as wildfire losses, repair inflation and peril shifts reshaped insurer loss trends
Global insurance pricing fell 6% in Q2, led by a 12% property drop, as capital, lower reinsurance costs and competition favored buyers
Florida’s property insurance market showed its clearest improvement in a decade, with the state’s share of US homeowners claims falling to 4.9% and lawsuits dropping to 41.3%