The cancellation of major tour events, like concerts, poses significant financial risks for insurance industry. This impact is especially evident with high-profile artists
The world undergoes constant change and this gives rise to “emerging risks”. Thechanging risks are difficult to quantify, yet can have significant impact on the insurance industry
Western insurers have provided coverage for Rosneft tankers transporting sub-sanctioned Russian crude… despite the risks linked to the G7 price cap
US life insurers experienced a relatively stable second quarter, showing higher year-over-year earnings and unveiling strategic updates for select companies
The Ukrainian insurance industry is showing a strong focus on financial stability. Out of a total deposit volume of nearly ₴11 bn, a staggering 94.2% is held in highly-rated banks
Reduced investment in supply chains lowers their resilience to natural disasters, unexpected technology outages, and political events, increasing the risk
The global insurance industry has reached a new equilibrium after the challenges of recent years. The global economy has surprised on the upside
The 2024 Atlantic hurricane season officially began and has already been active. Business owners found that 91% identified specific weather or natural hazards as risk
Aon released Global Benefits Trends Study. The study indicates global minimum benefits standards are becoming standard for multinationals
Insured losses from Hurricane Berylcould have surged if the Category 1 hurricane had struck a densely populated Texas city like Corpus Christi or Galveston
The low interest rate years were challenging for people trying to save for retirement. Low rates made savings products and life insurance less appealing
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 value of the worldwide market for insurance broking in terms of fees and commissions earned was around USD 168 bn in 2023
Insurance alone cannot help protect the region from disruption caused by severe weather events brought by El Niño and La Niña
Forum for Insurance Transition to Net Zero (FIT), a new UN-led and convened structured dialogue and multistakeholder forum
In the insurance industry, understanding of the risks related to climate change is mostly concentrated in P&C business lines as well as investments
Commercial insurance prices began to rise again, exceeding 5% in the 2023 and further increasing to above 6% by the 2024
The collapse of the Francis Scott Key Bridge near the Port of Baltimore, Maryland is expected to drive up to $4 bn in insured losses
With artificial intelligence practically impacting all aspects of everyday life, the number of insurance gaps when using AI has staggered in recent years
World’s most valuable insurance brands retain their ranks through innovation and adaptability strategies. Brand Finance compiles a Sustainability Perceptions Index
The world’s most valuable life insurance policy has been taken out by an individual customer of HSBC Life in Hong Kong, according to Guinness World Records
Are you ready to travel to Dubai? Even though it’s typically safe to go to the United Arab Emirates, unanticipated events might occasionally occur and ruin your holiday
The top risks for the insurance industry reflect the sector’s rapidly changing nature while at the same time reinforcing its critical role in protecting global businesses
InsurTech companies rank among the top-performing US insurance stocks in early 2024. The US insurance technology space has grounds for optimism
Climate change will have a larger impact on economic losses in the future, according to Swiss Re Institute. A new analysis of 36 countries ranks
Council and the Parliament have reached a provisional agreement on amendments to the Solvency II directive, the EU’s main piece of legislation in the insurance area
Though the stock market is still driven by enthusiasm for artificial intelligence, businesses devoted to insurtech, or the revolution of insurance through technology
Uninsured motorist coverage is a type of automobile insurance designed to protect drivers and passengers financially in the event of an accident
Insurance Digital Transformation refers to the comprehensive integration of digital technologies into all areas
In the era of digital transformation, the insurance sector has observed a paradigm shift in the creation of value. Digital data, now form a significant part of the economic value
The Lloyd’s report examined the semiconductor sector’s risk challenges and aimed to spark product innovation through outlining the opportunities to develop new supply chain
Insurers specializing in commercial and personal lines experienced an enhancement in their underwriting outcomes compared to the previous year
Insured losses from the 7.6 magnitude earthquake that struck the Ishikawa prefecture on the Noto Peninsula, Japan, on 1 January 2024 are likely to be small
U.S. property and casualty insurers will see some relief in 2024 year following a rough 2023 as a personal auto line recovery contributes to statutory profit improvement
The IAIS performed trend analysis on insurance data and used the outcomes for the overall assessment of evolution of systemic risk
IAIS published its Global Insurance Market Report (GIMAR), sharing the outcomes of this year’s Global Monitoring Exercise
Cyclone Jasper highlights the increasing challenges posed by extreme weather conditions and their impacts on communities, infrastructure, and the insurance industry
The U.S. property and casualty (P&C) insurance sector experienced subdued statutory financial performance, primarily due to a decline in personal lines
The U.S. insurance industry experienced a notable number of layoffs, particularly within the property and casualty, P&C insurance sector
UK Insurance Market are expected to close this year reporting strong overall premium income growth driven by sizeable rises
Marsh McLennan’s new Unity facility to cover Ukrainian grain exports could pave the way for more insurance solutions to support the country amid the ongoing war
Global Insurance market continued to moderate in 2024 as insurers sought to balance growth with profitability, divergent conditions
Q4 has historically been an important time for the Property insurance market, as the peak reinsurance renewal season approaches, and the Atlantic hurricane season runs
Japanese life and non-life insurers’ underwriting fundamentals are likely to remain healthy overall in 2024, mainly because of waning effects from claims
Total assets of euro area insurance corporations decreased to €8,163 billion in the third quarter of 2023, from €8,270 billion in the second quarter of 2023
The insurance sector should engage with the developers of a fast-developing new technology that may be crucial to the renewable energy transition
Global marine insurance premiums totalled $35.8 bn an 8.3% uplift. European markets continued to enjoy growth whilst some Asian markets had slowed
The transition to a net-zero emissions economy is the economic revolution of our times and insurance must once again rise to the challenge
The extreme event solutions business unit of Verisk estimates industry insured losses due to wind from Winter Storm Ciarán will range between EUR 800 mn and EUR 1.3 bn
Insurers must embrace Artificial Intelligence technology to successfully navigate emerging transformative trends that are shaping the insurance landscape
About 60% of defined benefit schemes in the UK use an LDI strategy. The strategy involves making allocation decisions and investments
Insurers are under pressure to adapt to new frameworks for reaching net zero — but regulators are pushing at an open door
2023-2024 saw multiple significant disaster events, which drove total economic losses above $295 bn, approaching the 21st-century average of $310 bn
Tokenization is the process by which real-world assets are converted into blockchain-based tokens. Why do insurers need tokenization?
The U.S. is experiencing its costliest year ever for severe convective storms, with insured losses from these events exceeding $50 bn
Ukraine must encourage domestic and international investment. This is why greater war risk insurance coverage is so important for Ukraine
Lloyd’s published a systemic risk scenario that models the global economic impact of a hypothetical but plausible cyber attack on a major financial services payments system
General Insurance OmbudService is an independent dispute resolution service that provides free help for consumers of home, auto, business insurance
Turning to European insurance corporations’ holdings of investment fund shares, these increased to €2,526 bn in 2023
Ratings of U.S. life insurers are not currently at risk from commercial real estate (CRE) exposure, given stable investment portfolios comprised of high-quality
