How Voice Could Hold the Key to Preventing Insurance Fraud?
Insurance fraud costs the UK an average of £1.2bn annually. In the last year, fraudulent home insurance claims increased by 45% and according to the 2022 Insurance Fraud
Insurance Industry
How Artificial Intelligence Can Help Insurers Reduce the Inflation Impact?
Costs for everything from food to healthcare to insurance premiums have increased in the past few years – especially after the 2020 lockdown
Life Insurance Industry Results. Direct Premiums Written & Income by Line
Traditional life insurance is no longer the primary business of many companies in the life insurance industry. The emphasis has shifted to underwriting annuities
10 Basic Tips to Avoid a Potential Victim of Ransomware & Reduce Cyber Risk
Ransomware is a form of malware that is constantly evolving and is designed to encrypt files on a device, making all files and systems that depend on them unusable
9 Key Customer Types that Will Define Insurance Market to 2030
What customers want and need, not what insurers want to sell or have always sold, will be the dominant driver of innovation and growth
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
Machine Learning in Insurance. AI-Driven Technology for Insurers
Emerging data analytics technologies centred on machine learning bring order and purpose to this unstructured data so that it can be more effectively
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
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
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
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
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
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.
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
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
Gross written premiums in the Central and Eastern Europe region totaled €26.35 bn, marking a 7.6% year-on-year increase. Insurance claims paid stayed €11.9 bn
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
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
The Australian Prudential Regulation Authority (APRA) has released its quarterly general and life insurance performance statistics