How Much Does Auto Insurance Cost in United States? Cheapest & Expensive States
The best auto insurance companies in each state provide liability, comprehensive, collision, PIP, and uninsured & underinsured motorist coverage
Insurance
6 Major Types of Car Insurance in U.S. What Kind of Auto Insurance Do You Need?
There are many types of vehicle insurance – and the laws, maximum levels of coverage, and definitions can vary from state to state
What is the Cost of Pet Insurance and What Does the Insurance Policy Cover?
Pet insurance is a service for pet owners seeking a financial safety net in case their animal gets sick or injured and requires expensive veterinary treatment
Insurance Advisers vs Team-Based Distribution Model in Life Insurance
For life insurance carriers, building the infrastructure to support a successful teaming model often requires a major shift in many of the mechanics of distribution
Who Should Be Listed on Car Insurance Policy?
Insurance companies typically require that all licensed drivers in a household be listed on the auto insurance policy except unlicensed teenagers or younger members under 14
Global Insurance Report. How Insurance Industry Struggles to Create Economic Profit?
The impact on the insurance industry was noticeable: in 2020, premium growth slowed to approximately 1.2 percent
How Rapid Advances in Technology Reshaping the Insurance Industry?
Rapid advances in technology, the continuing talent shortage and rising customer expectations for experiences of all types have disrupted the insurance industry
Why You Should Get Life Insurance? The Main Reasons
Life insurance is something that everyone needs, but in reality, far too few people have it. It’s easy to put aside the thought of buying life insurance when you’re young and healthy
Hurricane Ian Drives Natural Catastrophe Insured Losses to $115 bn
2022 is the second consecutive year in which the estimated insured losses total more than USD 100 billion
Insurance and Macroeconomic Outlook in Financial System Stresses
The global insurance industry faces multiple pressures this year but we expect rate hardening to regain momentum in response
Finance Outlook: New Accounting Rules Put Insurers in the Spotlight
Responsible for managing insurer financials at public companies have spent five years preparing for the long-anticipated implementation of new accounting standards
Global Insurance Premium Volumes to Reach New High
For insurers, the main inflation impact will show in rising claims costs, more in non-life than life insurance in which policy benefits are defined at inception
Global M&A Activity in Insurance Slowing from Uncertain Economy
Global merger and acquisition (M&A) activity remained robust through 2021, with 418 completed deals in the insurance sector, up from 407 in 2020
UK Motor & Home Insurance Losses Forecast
UK motor and home insurers expect to make largest annual loss in well over a decade this year, with further losses forecast in 2023
Most Significant Insurers Steps to Build ESG Infrastructure
Many insurers around the world have taken significant steps to build an organizational infrastructure addressing the multitude of challenges posed by ESG
How Insurers Are Reinvent Workplace HR Strategies & Corporate Culture?
Forced virtualization of work during the pandemic has fueled revolutionary changes in employee expectations and upended many traditional employment models
Life Insurance Company Transformation Key to Sustainable Growth
While change has often come slowly in life insurance sector, a metamorphosis may be underway. The effects of the pandemic are lingering, consumer expectations are growing
How Does Inflation Challenging Insurer Profitability and Insurance Rates?
Raising revenue hasn’t been an issue for most nonlife insurers, thanks to some of the highest property-casualty insurance rate increases posted in years
Insurers Should Be Pivoting to Longer-Term Reinvention
Necessity has indeed been the mother of reinvention for the insurance industry these past few years, as most carriers were remarkably adaptive
Global Sports Insurance Market Outlook: $600 bn by 2025
The global expansion of the professional sport industry combined with the varying type of its insurance needs, has resulted in the exponential growth of the sports insurance
Marine & Cargo Insurance Market. Top Causes of Claims in Marine Insurance
Fire and explosion incidents cause the most expensive insurance claims in the marine industry, exposures and inflation, cargo damage is the most frequent cause of loss
How to Increase Resilience of Cyber Market through Insurance & Risk Management?
By increasing cyber security, companies are less attractive to attackers. It is not commonplace for us to see clients with strong cyber maturity and security mechanisms
Cyber Security & Insurance Increasing Through the ESG Lens
Cyber security has long been seen as an IT issue but today’s booming digital economy means this is no longer the case
How Are Growing Cost of Ransomware Attacks Impacts for Insurance & Businesses?
Ransomware remains a top cyber risk for organizations globally while business email compromise incidents are on the rise and will increase further in the ‘deep… Read More »How Are Growing Cost of Ransomware Attacks Impacts for Insurance & Businesses?
New Cyber Risk & Ransomware Trends. Outlook for Cyber Insurance
Given cyber crime incidents are now estimated to cost the world economy in excess of $1trn a year – around 1% of global GDP – it is no surprise that cyber risk regularly ranks
How Re/Insurers Can Meet and Manage Customer Demands & Expectations?
Delivering personalised experiences and meeting consumer demands has been a key priority for insurers and insurtechs
Insurance Sustainable Finance: How Insurers Can Embed ESG into Finance?
Insurers have an opportunity to adopt business models that generate long-term value (LTV) for their customers, investors, employees and the wider community
How to Reduce Insurance Costs Without Compromising Risk Cover?
Insurance is essential, but the premiums can add up quickly: healthcare, car, house, disability and life, to name a few.
Technology Flexibility Matters for Growing Insurance Companies
Most successful insurance businesses and their distribution partners will be those who listen to their customers
Why Digital Experiences are Essential for Insurers and Agents Success?
A tech-inspired C-suite has largely driven digitization and core modernization strategies within the life insurance industry
How Cyber Catastrophe Models Evolved with the Cyber Insurance Market?
Being an industry centred on computer technology, it should be of no surprise that cyber catastrophe models have developed in complete tandem with the cyber insurance market
Future Ways the Global Car Insurance Market May Evolve
Significant changes are ahead in AV and EV technology, and the Global car insurance market will need to adjust to the resulting disruptions
How Technologies Will Shape the Future of Autonomous Mobility & Insurance?
Autonomous mobility has the potential to dramatically transform the automotive insurance market, from underwriting to claims and beyond
How New Trends are Shaking Up the US Auto Insurance Industry
The approximately $260 billion US auto insurance market is on notice. The conventional US insurance market, currently dominated by internal-combustion-engine (ICE) vehicles
How Life Insurers Prepare for the Future and Avoid Falling into the Recession Trap?
Life insurers in continental Europe have been grappling with a combination of cost, regulatory, and interest rate challenges for much of the past decade
Economic Risks Prioritised Over Tech, Environment & Cyber. G20 Survey
G20 business leaders are more focused on short-term economic concerns – like rapid inflation, debt crises, and the cost of living crisis – than on environmental and cyber risks
How to Reduce the Premium in Car Insurance & Third-Party Liability Insurance?
While the former insurance covers any damage or injury incurred by a third party in case of an accident, the latter insures the damage suffered by your car
Cancer Health Insurance. What Factors Should You Consider Before Buy Policy?
While buying a health insurance policy for protection against cancer here are the main factors you should consider
Main Types of Cyber Loss Estimates and Cyber Insurability
In response to uncertainty around cyber risk, insurance providers have become more selective in their underwriting through better risk selection, lower limits, cyber insurance
Lloyd’s and Insurers Support to EU & UK Govt on Ship Insurance Ban for Russian Oil
95% of the P&I insurance market handled by EU and UK-based insurers, according to experts, it will be difficult for Russia to completely get around the ban
Risk Management With Cyber Insurance
Risk management is the process of identifying, assessing and responding to/mitigating risk events. Organisations must understand the probability and potential severity of loss events
Ransomware Insurance and Cyber Risk Landscape
The resulting losses from a systemic cyber event could be very large, impacting companies, the broader economy and society at large
German Non-Life Insurance Market Outlook
AM Best is revising its outlook for the German non-life insurance segment to Negative from Stable, mainly driven by uncertainty and significant changes
How ESG to Reshapes the Future of Re/Insurance?
As one of the hottest topics in the insurance industry in recent years, corporate ESG matters now top the strategic agendas of senior business leaders
Cybersecurity Automation Adoption: Exploring Use Cases, Typical Challenges & Barriers
State of Cybersecurity Automation Adoption was conducted to build on the findings of a survey of senior UK cybersecurity professionals carried out
6 Steps How to Create Value in Insurance and Build a Long-Term Success?
Early adopters of ecosystems in insurance demonstrate how to create near-term value and build a foundation for long-term success
Embedded Insurance a Favorite Buzzword or The Future of Insurance?
Embedded insurance is fast becoming a favorite buzzword among insurtech entrepreneurs and insurance innovators
Life Insurance Market in China will grow to $666 bn in 2026
Life insurance market in China is set to grow at a compound annual growth rate (CAGR) of 6.3% from $484.4 billion in 2021 to $665.6 billion in 2026
How Can Insurers Create Powerful Customer Experiences?
Insurance customers, agents, and brokers have come to expect a certain type of experience based on daily interactions with modern technology platforms
Investors in Insurance-Linked Securities (ILS) Are Seeking Innovation and Improve Disaster Relief
Investors in ILS are seeking innovation—they may find it in Africa where a combination of transnational bodies, better data and a desire to structure improved disaster relief
War, Disruptions of Supply Chains & Climate Change Impacts on the Re/Insurance Industry
Geopolitics, war, disruptions of supply chains and climate change can have a great impact on the re/insurance industry in China and emerging Asia
Technology & Regulation are Forcing Insurers to Transform Tax & Finance Operations
Pressures around data and technology, and increasingly complex regulation are forcing insurers to transform their tax and finance operations
Short- & Long-Term Challenges for Global Insurance Industry after COVID-19
Insurers are confronting a new environment, in which disruption from the COVID-19 pandemic presents both short- and long-term challenges and opportunities
Insurance Market to Expect Low Premium Income Growth
Rising interest rates and a weakening economic picture affecting pricing and demand is setting insurers for low premium income growth in 2023
How Can Insurance Companies Manage Foreign Exchange (FX) Risks?
Amongst the growing number of challenges facing insurers is the important – yet often overlooked – consideration of foreign exchange (FX) risk management
Insurance Brokers & InsurTechs Must Stop Expecting Customers to Сheck for Inefficiencies
Insurance Brokers need to stop expecting customers to pick up the cheque for their inefficiencies” is a statement I’ve found myself making more and more in recent months
Global Healthcare Benefit Costs Projected to Jump 10% in 2024
Widespread inflation and increasing healthcare utilization are combining to drive projected increases in global healthcare benefit costs to their highest level in nearly 15 years
Ransomware Attacks in the United States. Cyber Insurance for Local Counties Systems
Ransomware attacks are on the rise in the United States and local counties are scrambling to keep their cyber systems insured
Using Low-Code Tools, Insurers Can Establish a New Set of Base Insurance Products
Using low-code configuration tools, insurers can establish a set of base products which can be used as the foundation for product variations in order to tailor coverage
Protective Measures Seniors and Families Should Take to Avoid Medicare Scams
Scammers often use deceptive tactics to lure unsuspecting seniors into sharing their Medicare number. They might offer to send free medical supplies or genetic testing kits
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
California health insurance enrollment: learn Covered California deadlines, open enrollment dates, special enrollment options, subsidies and Medi-Cal eligibility
Finding affordable health insurance in California can be overwhelming. You’re faced with dozens of plan options, unfamiliar terms and questions about whether you qualify for subsidies through Covered California
Health insurance is an integral part of employee benefits packages in the United States. However, any employer federally required to provide this compensation could admit that their costs can be burdensome