WTW’s Natural Catastrophe Review: 2024 Key Data Insights and Trends
WTW has analyzed natural disasters, key lessons, and emerging trends. The assessment will focus on physical and vulnerability NatCat factors
Insurance Industry
How Does Commercial Umbrella Insurance Work? Definition, Benefits and Top Companies
Commercial umbrella insurance is a policy developed to provide a supplementary layer of liability protection by augmenting the limits of policies already in place
U.S. Property & Casualty Insurance Market at a Glance. Best P&C Insurers in 2025
The U.S. Property & casualty insurance market faces rising loss costs, driven by inflation, severe weather events, and litigation trends
Insured Catastrophe Losses in Canada Surge to C$8.5 bn, Tripling in 2024
Insured catastrophe losses in Canada reached a record C$8.5 bn in 2024, nearly tripling the prior year’s total and standing 12 times higher than the annual average
California LA Wildfires: Impact on Insurance Industry and Rising Premiums
Los Angeles wildfires to be a major catastrophic event for the insurance industry. Analysts indicate that the re/insurance sector remains well-capitalized to manage losses
North American Life Insurer Credit Losses Will Remain Benign in 2025
North American life insurer credit losses will remain benign in 2025, despite modest increases due to ongoing pressure on commercial real estate (CRE) assets
New War Risk Reinsurance Facility for Ukraine’s Commercial Property Sector
McGill in partnership with FortuneGuard and ARX introduced a new war risk reinsurance facility to provide commercial property coverage in Ukraine
Hurricanes, Severe Thunderstorms and Floods Drive $100 bn Insured Losses
In the US, two major hurricanes and frequent severe thunderstorms accounted for at least two-thirds of the year’s global insured losses, which currently exceed $135 bn
Global Economic and Insurance Market Outlook 2025-2026
The global economy is poised for further solid expansion. We forecast global real GDP growth at 2.8% in 2025 and 2.7% in 2026, roughly in line with 2024
London Re/Insurance Market Strengthens Digital & Enhanced Underwriting
The London re/insurance market sees a growing push toward digital approaches. Enhanced underwriting stands out as a new direction for companies
Comparing Europe’s Approaches to Natural Catastrophe Insurance & Gov-Backed Schemes
Government-backed catastrophe insurance schemes play a vital role in managing the financial impact of natural disasters across Europe
Russian Air Defense Shot Down Azerbaijan Airlines Passenger Plane Embraer E190
A catastrophic crash of an Embraer E190 passenger plane operated by Azerbaijan Airlines occurred near Aktau, Kazakhstan. As a result of the tragedy, 38 people lost their lives, while 29 survived
Lloyd’s Pandemic Model Projects $13.6 trln Global Economic Loss Over 5 Years
A potential future human pandemic could cause $13.6 tn in global economic losses over five years, according to a systemic risk scenario from Lloyd’s
2024 Atlantic Hurricane Season Marked a Year of Substantial Insured Losses in the U.S.
The 2024 Atlantic hurricane season ended on November 30, marking a year of above-average storm activity and substantial insured losses in the U.S.
Canadians’ Financial Confidence Stabilizes in 2024 Amid Concerns for 2025
The seventh annual IG Wealth Management Financial Confidence Index highlights stability in 2024 after years of economic volatility
Marine Insurers Face Rising Claims & Planning Rate Hikes for 2025
Marine mutual insurers and P&I Clubs are planning rate hikes for 2025, driven by rising claims and inflation pressures. Marine mutuals are under growing pressure
Flood Risk Creates Credit Challenges for Eastern & Southern US Insurers
Hurricane Helene’s recent destruction underscores the rising flood risk impacting local economies and tax bases in the Eastern and Southern United States
EIOPA’s Fossil Fuel Proposals Pose Minimal Impact on European Insurers’ Ratings
European insurers’ ratings will remain unaffected by the proposed capital surcharges on fossil fuel-related assets, according to EIOPA
IAIS Approved a New Global Insurance Capital Standard
The International Association of Insurance Supervisors executive committee has approved a approved the final version of the global Insurance Capital Standard
Top Risk in Insurance: Cyber, Climate Change & Business Interruptions Dominate 2024
Cyber incidents, changes in climate, and business interruption are the chief risk concerns among key marketplace segments in the insurance industry
Increasing Consumer Awareness Will Drive Private Flood Insurance Growth
Inland areas are increasingly vulnerable to flooding from both tropical storms and severe convective storms, yet the number of homeowners who purchase flood insurance
Captive Insurance Framework: UK’s Strategy to Enhance Market Attractiveness
The UK government is exploring the establishment of a captive insurance framework to enhance the UK`s appeal as a hub for efficient risk management solutions
AI Liability Directive. 8 Key Highlights and Impact on the European Insurance Market
Insurance Europe has urged the European Commission (EC) to withdraw its proposed Artificial Intelligence Liability Directive (AILD), arguing that it could lead to legal innovation
Insurance Risk Dashboard. 10 Key Risks of the European Insurance Sector
EIOPA’s Insurance Risk Dashboard: European insurance sector’s risks remain stable at medium levels, with some vulnerabilities linked to market volatility and fluctuating real estate prices
CEE Insurance Market: Strong Premium Growth and Rising Claims
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
California’s Insurance Market: The Case for Risk-Based Pricing and Data-Driven Mitigatio. California’s insurance availability/affordability challenges
Life reinsurers based in Bermuda have recorded increased activity as annuity sales rise in the U.S. and recent regulatory changes
As electric vehicles (EVs) gain popularity, the insurance industry is also adapting to meet the unique requirements of eco-conscious drivers
Lightning causes significant fire risk to small and medium-sized enterprises (SMEs), resulting in annual damages of several billion dollars