Retirement Savings Gap and Life Insurance Strategies
The low interest rate years were challenging for people trying to save for retirement. Low rates made savings products and life insurance less appealing
Insurance Industry
2024-2025 Forecasts for the German Non-Life Insurance Sector
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
Insurance Brokers Global Ratings by Revenues
The value of the worldwide market for insurance broking in terms of fees and commissions earned was around USD 168 bn in 2023
El Niño & La Niña. Direct Impact for Insurance Industry
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 Scales Up Climate Action by Insurers
Forum for Insurance Transition to Net Zero (FIT), a new UN-led and convened structured dialogue and multistakeholder forum
Impact of Climate Change on Health & Life Insurance Industries
In the insurance industry, understanding of the risks related to climate change is mostly concentrated in P&C business lines as well as investments
U.S. Commercial Lines Insurance Pricing Review
Commercial insurance prices began to rise again, exceeding 5% in the 2023 and further increasing to above 6% by the 2024
How Many Insured Losses Drives the Francis Scott Key Bridge Collapse?
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
Artificial Intelligence Becomes an Unexpected Risk for Insurance
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 in 2024
World’s most valuable insurance brands retain their ranks through innovation and adaptability strategies. Brand Finance compiles a Sustainability Perceptions Index
What is the world’s most valuable life insurance policy?
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
How to Choose the Best Travel Insurance for Your Dubai Vacation?
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
Top 10 Risks for the Global Insurance Industry in 2024
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
2024’s Top-Performing Insurance and InsurTech Stocks
InsurTech companies rank among the top-performing US insurance stocks in early 2024. The US insurance technology space has grounds for optimism
NatCat Insured & Economic Losses Increases Due to Climate Change
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
Solvency II Directive & IRRD: New Rules for EU Insurance Sector
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
Why Insurers Go to Online Insurance, Telematics & Artificial Intelligence?
Though the stock market is still driven by enthusiasm for artificial intelligence, businesses devoted to insurtech, or the revolution of insurance through technology
What is Uninsured Motorist Coverage? How Does it Work?
Uninsured motorist coverage is a type of automobile insurance designed to protect drivers and passengers financially in the event of an accident
Global Landscape of Insurance Digital Transformation
Insurance Digital Transformation refers to the comprehensive integration of digital technologies into all areas
Digitalization in Insurance: New Risks & Solutions in 2024
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
New Opportunities for Transport & Logistics Supply Chains Insurance
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
U.S. Commercial Insurers Demonstrated Underwriting Profitability. 2024 Trends
Insurers specializing in commercial and personal lines experienced an enhancement in their underwriting outcomes compared to the previous year
Insured Losses from Noto Peninsula Earthquake in Japan Forcasts
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 & Casualty Insurers Will See Some Relief in 2024
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
Monitoring of Systemic Risks of Insurance Companies in 2024
The IAIS performed trend analysis on insurance data and used the outcomes for the overall assessment of evolution of systemic risk
AM Best maintains a stable outlook for the UK life insurance market, supported by strong pension-related activity, steady expansion in defined contribution (DC) pensions
Directors and officers face rising legal and regulatory risks from AI adoption, cyber threats, and evolving privacy laws across the Asia Pacific region
Severe weather in Kentucky drives up insurance rates, strains carriers, and prompts regulatory changes as tornadoes and hailstorms increase in frequency and cost
California’s Insurance Market: The Case for Risk-Based Pricing and Data-Driven Mitigatio. California’s insurance availability/affordability challenges