Layoffs in the US Insurance Industry Were in P&C Insurers
The U.S. insurance industry experienced a notable number of layoffs, particularly within the property and casualty, P&C insurance sector
Insurance
UK Insurance Market: Life & Non-Life Sector Outlook for 2024
UK Insurance Market are expected to close this year reporting strong overall premium income growth driven by sizeable rises
Unity Facility: Risk Mitigation for Ukrainian Grain Exports in Global Insurance
Marsh McLennan’s new Unity facility to cover Ukrainian grain exports could pave the way for more insurance solutions to support the country amid the ongoing war
Global Insurance Market Dynamics, Products & Trends for 2024
Global Insurance market continued to moderate in 2024 as insurers sought to balance growth with profitability, divergent conditions
Navigating the Challenges of Property Insurance Market
Q4 has historically been an important time for the Property insurance market, as the peak reinsurance renewal season approaches, and the Atlantic hurricane season runs
Natural Catastrophes Will Break Several Insured Losses Records
Natural catastrophes will once again break several insured loss records in 2023. A high number of low-to-medium-severity events will aggregate to insured losses
Generative AI — Emerging Risks & Insurance Market Trends
As generative AI changes the way companies do business, it is creating new risks and new causes of loss that impact not only the companies themselves
Japanese Life & Non-Life Insurance Sector Outlook for 2024
Japanese life and non-life insurers’ underwriting fundamentals are likely to remain healthy overall in 2024, mainly because of waning effects from claims
Total Assets and Investment of Euro Area Insurance Corporations
Total assets of euro area insurance corporations decreased to €8,163 billion in the third quarter of 2023, from €8,270 billion in the second quarter of 2023
Insurance Can Minimize the Renewable Energy Transition Risks
The insurance sector should engage with the developers of a fast-developing new technology that may be crucial to the renewable energy transition
Global Marine Insurance Market Review
Global marine insurance premiums totalled $35.8 bn an 8.3% uplift. European markets continued to enjoy growth whilst some Asian markets had slowed
Costs for Employer Healthcare & Insurance. Top Trends
Employer medical insurance costs are higher than they’ve ever been and are increasing at rates that have not been seen in nearly a decade
Cyber Security Global Trends: Insurance & Risk Mitigation Best Practice
Improvements in cyber security and business continuity are helping to combat encryption-based ransomware attacks, yet the cyber threat landscape is evolving
2025 US Health Insurance Market Trends: Rates, Price and Coverage
US health insurance exchanges and has remained fluid during this time, with insurer participation, pricing, and plans changing from year to year
Insurance Industry Transition to a Net-Zero Emissions Economy
The transition to a net-zero emissions economy is the economic revolution of our times and insurance must once again rise to the challenge
Renters Insurance Cost & Coverage. How to Save Money?
Beinsure presents a guide to renters insurance, analyzing insurance coverage and costs per month / year in the U.S.
Insured Losses from Winter Storm Ciarán Forecast
The extreme event solutions business unit of Verisk estimates industry insured losses due to wind from Winter Storm Ciarán will range between EUR 800 mn and EUR 1.3 bn
How Can AI Technology Change Insurance Claims Management?
Insurers must embrace Artificial Intelligence technology to successfully navigate emerging transformative trends that are shaping the insurance landscape
UK Pension, Investment and Insurance Benefit Schemes
About 60% of defined benefit schemes in the UK use an LDI strategy. The strategy involves making allocation decisions and investments
How Can Insurers Adapt New Directions to Achieve Net Zero?
Insurers are under pressure to adapt to new frameworks for reaching net zero — but regulators are pushing at an open door
US Life Insurance Companies to See Growth Earnings in 2024
US Life insurers’ significant capital and short-term liquidity make them unlikely to be forced sellers of real estate assets at distressed valuations
Business Models and Investment Strategies of US Life Insurers
Private credit investments are increasingly important to the business models and investment strategies of US life insurers
Global Natural Catastrophes: Fatality, Economic & Insured Loss
2023-2024 saw multiple significant disaster events, which drove total economic losses above $295 bn, approaching the 21st-century average of $310 bn
Insured Losses from Convective Storms in the U.S. exceedes $50 bn
The U.S. is experiencing its costliest year ever for severe convective storms, with insured losses from these events exceeding $50 bn
Why Greater War Risk Insurance is so Important for Ukraine?
Ukraine must encourage domestic and international investment. This is why greater war risk insurance coverage is so important for Ukraine
Lloyd’s Systemic Cyber Risk Scenario: Potential Global Economic Losses of $3.5trn
Lloyd’s published a systemic risk scenario that models the global economic impact of a hypothetical but plausible cyber attack on a major financial services payments system
General Insurance OmbudService. How Does Dispute Resolution Work?
General Insurance OmbudService is an independent dispute resolution service that provides free help for consumers of home, auto, business insurance
European Insurance Corporations’ Investment, Assets & Liabilities in 2023
Turning to European insurance corporations’ holdings of investment fund shares, these increased to €2,526 bn in 2023
Ratings of U.S. Life Insurers Are Not at Risk from CRE Exposure
Ratings of U.S. life insurers are not currently at risk from commercial real estate (CRE) exposure, given stable investment portfolios comprised of high-quality
Impact of Economic Inflation for US Liability Insurance Claims
US liability claims costs have risen by an annual average of 16% over the last five years, well above average rates of economic inflation at around 4%
U.S. Life Insurance Companies Investment Portfolio
Rising interest rates are expected to continue to reduce investment maintenance reserve (IMR) balances for U.S. life insurers
U.S. Commercial Auto Insurers to Remain Unprofitable in 2024
The U.S. commercial auto insurance segment to remain unprofitable in 2024, with rising claims severity from inflation and burgeoning litigation risk
Personal & Commercial Auto Liability Insurance in the US. Impact of Inflation
Inflationary trends in auto liability insurance, personal and commercial combined, drove loss and defense containment costs between $96 bn and $105 bn higher
Prediction for Energy Infrastructure & Insurance Development
IMCA predict over $800bn will be allocated to new developments and re/insurance cover by 2030, but major challenges must be tackled if this expenditure is to succeed
Solvency II for EU & UK Insurers: Review Are Approaching Completion
The multi-year reviews of Solvency II in the EU and the UK are approaching completion, despite the very different macroeconomic environment
US P&C Insurance Generates Underwriting Losses Despite Premium Growth
US P&C insurance industry continued to generate significant underwriting losses in 2024 despite strong premium growth
Global Medical Trend Rate for 2024
The global average medical trend rate for 2024 to be 10.1%, up from 9.2% in 2023 and the highest rate since 2015
Underwriting Results for Life & Personal Line U.S. Insurance Companies
Underwriting results for personal lines-focused US insurers worsened during the second quarter of 2024 as natural catastrophes and inflationary pressures
U.S. D&O Liability Insurance Continued to Generate Loss
The U.S. directors & officers (D&O) liability insurance segment continued to generate favorable loss ratios
Chinese Insurance Sector: Capital, Investment & Solvency Stability
China’s reduced capital charges for specific investments and amended solvency calculation will relieve insurers’ capital burden and enhance stability
Global Non-Life Insurance Industry Adjustes Rapidly to Higher Interest Rate
The global non-life insurance industry is adjusting rapidly to the new higher interest rate era ushered in by the most intense monetary policy tightening since the 1980s
Global Re/Insurance Industry Faces in Catastrophe Losses
Verisk report: Global Modeled Catastrophe Losses. The current challenges the global reinsurance industry faces in addressing recent catastrophe losses
Australian Insurance Market Statistics for 2024
The Australian Prudential Regulation Authority (APRA) has released its quarterly general and life insurance performance statistics
Health Insurance Premium Rate in New York Increased
The New York State Department of Financial Services has approved health insurance premium rate increases for health insurers
US Life & Non-Life Insurance Market: Asset & Investment Portfolio
The US non-life insurance market’s holdings of commercial real estate (CRE) and other real estate should withstand the challenging economic environment
How the New Solvency II Reforms Boost the UK Insurance Market?
The Bank of England proposed further reforms to capital rules for UK insurers in a step it said would cut red tape without lowering solvency standards
U.S. Employers Health Care Insurance Costs. How to Reduce Healthcare Price?
Average costs for U.S. employers that pay for their employees’ health care will increase 8.5%. How to Reduce Healthcare Costs?
7 Simple Steps How to Buy Life Insurance Policy
The decision to buy a life insurance policy is a 7 significant step in securing financial stability for loved ones in the event of one’s passing
North Atlantic & Western North Pacific Hurricane Season’s Impact for Re/Insurers
Moody’s RMS overview of North Atlantic seasonal activity forecasts and summarized the key oceanic and meteorological drivers behind the predictions
U.S. Insurance Industry Forcast for 2027: Premiums Will Grow to $3 trln
The U.S. general insurance industry is set to grow at a compound annual growth rate (CAGR) of 8.5% from $2.18 trln in 2023 to $3.03 trln in 2027
U.S. Auto Insurance Market Review: Premiums & Underwriting Losses
Most U.S. personal auto insurers continue to report underwriting losses despite sharper improvement in premium rates
U.S. P&C Insurance Market Q2 2024: Earnings Recap
The intensity and spread of inflation is sending insurance claims costs soaring. Strong rate hardening in US commercial insurance lines and acceleration in personal lines rates
U.S. Flood Insurance Market Review. Top 10 Flood Insurers
The U.S. flood insurance market had grown 24% – from $3.3 bn in direct premiums written to $4.1 bn between 2016 and 2025
Natural Disaster Trends. Top 10 Costliest Economic & Insured Loss Events
Most natural disaster databases show a significant decline in the number of annual global events prior to 1980. While the biggest natural catastrophe events are typically captured
Mergers & Acquisitions in the Global Insurance
Mergers and acquisitions (M&A) in the global insurance industry dropped sharply in the first half of 2023 with 171 completed deals worldwide
Taiwan Insurance Market: Forecasts, Regulation & Investments
Taiwan Insurance Market still face high pressure to build capital in the near to medium term to meet the more stringent interest rate charges
Corporate & Business Risks Radar: Impact for Insurance Sector
Corporate risk radar delves into the risk landscape and has identified economic risk, people challenges, and increased regulatory and compliance burden
Severe Thunderstorms the Main Driver for Insured NatCat losses
A series of widespread thunderstorms (severe convective storms) hit the US and account for 68% of global insured natural catastrophe losses
US Life Insurers Reports Improving Mortality Results
US life insurers are expected to report improving mortality results for the second quarter and field questions related to credit risk
Global Private Equity Investments in Insurance Underwriters Review
Global private equity deal values in insurance underwriter companies rose sequentially in the second quarter, but the industry total for H1 2023 remained shy of the $1 bn
Global research with insurance leaders examines why AI investment often remains tied to existing processes and how insurers are redesigning operating models
JWC expanded its Black Sea Listed Area, increasing war risk exposure for ships and adding insurance costs across Ukrainian and regional routes
Cyber insurers are reviewing policy wording as autonomous AI agents create new questions over cyberattack definitions, liability and coverage triggers
US employer healthcare costs will rise 9.5% in 2027, taking average annual spending above $19,000 per employee. The forecast extends a run of healthcare cost increases approaching double digits