Shipping Safety & Key Risks for Marine & Cargo Insurance
Shipping losses hit a record low in 2022-2023, but jump in fires, shadow tanker fleet and economic uncertainty pose new safety challenges
Shipping losses hit a record low in 2022-2023, but jump in fires, shadow tanker fleet and economic uncertainty pose new safety challenges
U.S. workers compensation insurers were able to underwrite profitably between 2019 and 2024 even as significant changes occurred in the nation’s workforce
Transformative trends are shaping the future risk landscape, creating $200+ bn of market potential for insurers by 2030. Top 10 opportunities
U.S. life insurers’ commercial real estate (CRE) exposure is predominantly via commercial mortgage loans, with more modest exposure
Global pension fund involvement in M&A plummeted in the second quarter to the lowest quarterly level since 2019, according to S&P
Insured losses from hurricanes have risen over the past 15 years as hurricane activity has intensified
The cost of UK motor insurance has soared to an all-time high heaping extra pressure on households already confronting
Insurance resilience indices measure how insurance contributes to maintaining financial stability. Global protection gap measured at $1.8 trln
US workers’ compensation direct premiums earned rose 4.3% year over year in the first quarter, and the industry’s overall direct loss ratio deteriorated by 2.3 pp
Emerging Asia is expected to be the main contributor to global economic growth in the coming years, according to Swiss Re Institute’s latest sigma
US commercial auto insurance premiums increased year over year in 2023, according to S&P Global Market Intelligence. The sector will see a combined ratio of 97–98%
Catastrophes and natural disasters in the Asia Pacific (APAC) region amounted to a total economic loss of $80 bn. A substantial protection gap of 86%
Technology has brought sweeping change to the insurance industry, forcing providers to consider how they can more quickly and effectively deliver services
Mystery Shopping can be a powerful tool to help insurance providers and brokers to maximise conversions, so they can get ahead of competition
Insurance aims to protect against insurable perils. The blue economy globally is worth an estimated USD 2.5 trillion annually
When considering weather-related catastrophes, few perils have generated as many column inches in recent months as severe convective storms (SCS)
Insured losses from major natural catastrophes in the second quarter of 2023 are estimated to be less than $10 bn, in H1 totaled $23 bn
The U.S. life insurance sector outlook remains neutral, and issuers are well positioned to withstand commercial real estate challenges and expected asset deterioration
Aon’s work with Columbia University has revealed that under selected scenarios, U.S. hurricane losses would increase by at least 10% over 20 years
At least 1,5M Medicaid enrollees have been disenrolled, based on the most current data from 25 states and the District of Columbia
$950 mn in lightning-caused U.S. homeowners insurance claims were paid out to 62,000-plus policyholders, with $125 mn of the total
Data brings a great opportunity in the quest to manage unpredictability; it allows insurers to better manage risk and improve insurance underwriting
The current environment is complex: inflation has stayed higher for longer than expected, natural catastrophes cause increased losses
The U.S. commercial lines insurance segments are being challenged by slower revenue growth, inflation-based claim uncertainty and less favorable loss reserve experience
Swiss Re’s SONAR report reveals that the threats on the horizon develop as dynamically as the technological, geopolitical and social changes
Insurance Top Trends report highlights the importance of digital evolution in the insurance industry and millennial preferences
Insurance market in the United Arab Emirates grows by 13.2%, stemming from regulatory developments and rising insurance premium rates
Rankings of the world’s leading MGA / MGU groups by total revenues derived globally from delegated underwriting activity across all types of insurance
The allure of establishing an international insurance company lies in its potential to reach a more diverse customer base and increase profitability
Global Generative AI in Insurance Market size will be worth $5,5 bn by 2032 from its current size of $346.3 mn, and growing at a CAGR of 32.9%
Homeowners Perception of Weather Risks report provides insights into trends, behavior and how experiencing a weather event impacts
Data can help insurers to reduce their exposure to risk and create more satisfactory experiences for customers
The value of the worldwide market for insurance broking in terms of fees and commissions earned was around USD 151.4 billion
For re/insurance industry, Digital Trust and Artificial Intelligence are vital for business since access to data is the key component behind risk analytics and automation capabilities
Traditional problems Life Insurance industry for decades—such as earnings sensitivity to external factors and opaque risks will remain
Telematics insurance – usage-based insurance, pay-as-you-drive & pay-per-mile insurance, that you can get a discount on your car insurance
Space insurance is roughly divided into four types of coverage. They reflect the phases of most satellite projects – preparing and launching the satellite
New Potential and Opportunity of Telematics. Usage-based insurance is gaining popularity, many motor insurers are beginning to offer it
The P&C insurance industry has experienced challenges in recent years due, in large part, to increases in the frequency and severity of natural catastrophes
Re/Insurers poorly prepared for the increased loss frequency and intensity wrought by flooding and climate change as this year’s North Atlantic hurricane season
Swiss Re Institute expects the insurance industry to return to premium growth of 2.1% annually on average in real terms in 2024
Some experts believe that artificial intelligence (AI) could completely disrupt the insurance industry as we know it. So what does the future hold for insurers?
Insurance companies need to have technology systems in place that don’t just keep things like investment budget or time to market in mind
Growing demand for pet insurance policies and rise in need for financial safety in case of surge in boost the growth of the global pet insurance market
Moody’s survey was to determine the current level of climate integration into their risk management and reporting processes while learning about insurers’ plans in this area
Over the past decade, the global life insurance and retirement industry has experienced increasing instability
The global medical professional liability insurance market was valued at $14.5 bn in 2023, and is projected to reach $33.7 bn by 2031, growing at a CAGR of 10.8%
BigData technology in insurance. Beinsure has collected the opinions of experts for use cases Data Analytics Technology for insurers
The decision to purchase a life insurance policy is a significant step in securing financial stability for loved ones in the event of one’s passing
Total global insurance market premiums grew by 6.1% in real terms to $7,186 trln. The non-life sector posted 5.5% growth, driven by rate hardening in commercial lines
A recent survey pet insurance buyers in the UK about their feelings on pet insurance pricing, availability, products and service offering
The US auto insurance industry had a year to forget as the business line reported its worst underwriting results in over two decades
Internet of Things – key driver of data generation. IoT can provide insurers with valuable insights, potential to predict and prevent risks
Everyone is talking about ChatGPT and how it’s going to revolutionize almost every business sector. The life insurance industry is no exception
Here are a Best insurance marketing strategies you can use to grow your insurance business. Most Effective Marketing for insurance
The volume of mergers and acquisitions (M&A) in the global insurance industry reached its highest rate of growth for ten years, up 9.5%
The life insurance industry is expected to increase at a CAGR of 5.3% between 2019 and 2023. India’s insurance penetration was pegged at 4.2%
Insurance brokers are regulated professionals who act as intermediaries between the insurer and insured, acting on behalf of the policyholder
The intensity and spread of inflation is sending insurance claims costs soaring. Strong rate hardening in commercial insurance lines and personal lines rates support topline growth
Autonomous vehicles will drive the transformation of the motor / auto insurance market, according to Moody’s Investors Servic