Impact of Natural Catastrophic Risks for the US P&C Insurance Market
The US P&C insurance industry has experienced challenges in recent years due, in large part, to increases in the frequency and severity of natural catastrophes
The US P&C insurance industry has experienced challenges in recent years due, in large part, to increases in the frequency and severity of natural catastrophes
The phenomenon of social inflation has garnered a great deal of attention in the property and casualty (P&C) insurance industry
As per GlobalDatas’s Property Insurance Industry Outlook in Asia-Pacific in report, the global property insurance industry recorded a CAGR of 4.1%
Global commercial property and casualty (P&C) insurance lines have delivered strong financial performance in recent years following the soft market of 2013 to 2018
2024 will be a difficult year for the US P&C industry: claims severities surged with inflation, natural catastrophe losses were elevated for a sixth straight year
Property insurance growth in Europe recovered at 3.2% as compared to a flat growth due to premium price hardening owing to escalating natural catastrophe losses
U.S. Property & Casualty (P&C) insurers should see stabilizing to modestly better industry operating performance
Commercial property and casualty (P&C) insurance has been riding on the back of a hard market. However, insurance premium increases have slowed
Technology and data-enabled solutions are creating the tailwinds for change in the commercial property insurance market
A hard market, higher reinsurance costs and ongoing low M&A activity are in the cards for property and casualty insurers in the new year
The P&C insurance claims landscape is becoming increasingly challenging due to unprecedented claims inflation. There are many underlying causes—among them
As property and casualty insurers in the United States struggle to maintain profitability, executives will need to direct a coordinated response across pricing, underwriting, claims
Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed
Global commercial P&C (non-life) insurance market, 145 insurer (carrier / underwriter) groups had GDPW in this category of more than USD 1 billion
Today risk assessors use a wide set of tools ranging from sophisticated flood hazard maps to fully probabilistic risk models, but more can be done
Global Insurance-Linked Securities (ILS) market ended another year on a high note as the annual new issuance record was broken once again