Global Insurance Market: Premiums, Profitability, Risk Assessment
IAIS published its Global Insurance Market Report (GIMAR), sharing the outcomes of this year’s Global Monitoring Exercise
Insurance Industry
Cyclone Jasper Triggers Record Floods in Queensland: Insurance & Climate Challenges
Cyclone Jasper highlights the increasing challenges posed by extreme weather conditions and their impacts on communities, infrastructure, and the insurance industry
U.S. P&C Insurance: Weak Performance and Neutral Outlook for 2024
The U.S. property and casualty (P&C) insurance sector experienced subdued statutory financial performance, primarily due to a decline in personal lines
Layoffs in the US Insurance Industry Were in P&C Insurers
The U.S. insurance industry experienced a notable number of layoffs, particularly within the property and casualty, P&C insurance sector
UK Insurance Market: Life & Non-Life Sector Outlook for 2024
UK Insurance Market are expected to close this year reporting strong overall premium income growth driven by sizeable rises
Unity Facility: Risk Mitigation for Ukrainian Grain Exports in Global Insurance
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 Dynamics, Products & Trends for 2024
Global Insurance market continued to moderate in 2024 as insurers sought to balance growth with profitability, divergent conditions
Navigating the Challenges of Property Insurance Market
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 & Non-Life Insurance Sector Outlook for 2024
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 and Investment of Euro Area Insurance Corporations
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
Insurance Can Minimize the Renewable Energy Transition Risks
The insurance sector should engage with the developers of a fast-developing new technology that may be crucial to the renewable energy transition
2024 Global Marine Insurance Market Review
Global marine insurance premiums totalled USD35.8 bn an 8.3% uplift. European markets continued to enjoy growth whilst some Asian markets had slowed
Insurance Industry Transition to a Net-Zero Emissions Economy
The transition to a net-zero emissions economy is the economic revolution of our times and insurance must once again rise to the challenge
Insured Losses from Winter Storm Ciarán Forecast
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
How Can AI Technology Change Insurance Claims Management?
Insurers must embrace Artificial Intelligence technology to successfully navigate emerging transformative trends that are shaping the insurance landscape
UK Pension, Investment and Insurance Benefit Schemes
About 60% of defined benefit schemes in the UK use an LDI strategy. The strategy involves making allocation decisions and investments
How Can Insurers Adapt New Directions to Achieve Net Zero?
Insurers are under pressure to adapt to new frameworks for reaching net zero — but regulators are pushing at an open door
Global Natural Catastrophes: Fatality, Economic & Insured Loss
2023-2024 saw multiple significant disaster events, which drove total economic losses above $295 bn, approaching the 21st-century average of $310 bn
Why Do Insurers & Financial Institutions Need Tokenization?
Tokenization is the process by which real-world assets are converted into blockchain-based tokens. Why do insurers need tokenization?
Insured Losses from Convective Storms in the U.S. exceedes $50 bn
The U.S. is experiencing its costliest year ever in 2023 for severe convective storms, with insured losses from these events exceeding $50 bn
Why Greater War Risk Insurance is so Important for Ukraine?
Ukraine must encourage domestic and international investment. This is why greater war risk insurance coverage is so important for Ukraine
Lloyd’s Systemic Cyber Risk Scenario: Potential Global Economic Losses of $3.5trn
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. How Does Dispute Resolution Work?
General Insurance OmbudService is an independent dispute resolution service that provides free help for consumers of home, auto, business insurance
European Insurance Corporations’ Investment, Assets & Liabilities in 2023
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 at Risk from CRE Exposure
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
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
Life reinsurers based in Bermuda have recorded increased activity as annuity sales rise in the U.S. and recent regulatory changes
UK life insurers are poised to continue benefitting from strong bulk annuity volumes in 2025 despite potential challenges from regulatory changes
U.S. Financial Stability Oversight Council said
there has been a shift in the composition of life insurers’ liabilities and an increase of private equity firms