Biggest Challenges Facing US Auto & Home Insurers: Slow Growth & Inflation
Slow underlying growth and inflation are among the biggest challenges facing U.S. auto, home, and business insurers
Slow underlying growth and inflation are among the biggest challenges facing U.S. auto, home, and business insurers
Climate change is an overarching global threat and a source of financial risk in the Insurance Sector, according to recent report, the United Nations
Global Insurance Market Report shares the outcome of the Global Monitoring Exercise, the International Association of Insurance Supervisors’ (IAIS’) risk assessment framework
The US P&C industry recorded a net underwriting loss of $26.5 billion, worsening by $21.5 billion from the previous year
While the idea of full-funnel marketing in Insurance has been around for years, most insurers unable to overcome technological barriers
Insurers received a boost from hardening property-casualty rates, but the growth outlook for the insurance sector in the 2024 appears to be a mixed bag
Belgian and Dutch insurers’ conservative investment portfolios should be resilient to rising credit risks amid weakening economic conditions and tightening monetary policy
The increase in interest rates over the last year has been positive for life insurers in Europe, improving both solvency and financial results
Insurers’ investments to the failed banks (Silicon Valley Bank, Silvergate and Signature Bank) are modest. Fitch-rated insurance entities’ direct investment exposure
No Life & Health (L&H) insurance market is fully inclusive. This is supported by the findings of Swiss Re Institute L&H Insurance Inclusion Radar
The US P&C insurance industry has experienced challenges in recent years due, in large part, to increases in the frequency and severity of natural catastrophes
Natural catastrophe-related losses will continue to be the largest risk to Japanese nonlife insurers’ earnings in fiscal year 2023, though the effects of inflation are catching up
Climate risk has once again been the catalyst for insurance and reinsurance market change. Major losses caused by extreme weather events in recent years
The phenomenon of social inflation has garnered a great deal of attention in the property and casualty (P&C) insurance industry
Floods affect more people across the globe than any other natural disaster. The deadly floods within year were a tragic reminder of the increasing threat
Property insurance growth in Europe recovered at 3.2% as compared to a flat growth due to premium price hardening owing to escalating natural catastrophe losses
Mantissa Group initiated a survey, conducted across life Insurance technology and business leaders, and supplemented by a series of interviews
The jury ruled in Depp’s favor, and Heard was ordered to pay $8.3 million. Heard then looked to her insurance company to pay the judgment
The “key focus” will be on how high reinsurance costs will impact their operating margins and how much risk exposure they keep on their own balance sheets
Worries about capital and adverse variable investment income are expected to be the focal points of discussion as life insurers report
Climate change is taking an increasing toll. The natural disaster figures are dominated by events that are more intense or are occurring more frequently
According to Global InsurTech Report, 2022 has been a year of macro-realism (for many InsurTechs, investors and risk partners), micro company hardship
The aviation, marine and cargo transit (MAT) Global Insurance Industry is estimated to grow at a compound annual growth rate of 6.4% from 2023-2026
The impact of current high inflation on German insurance market profitability should be limited due to their ability to adjust prices
Public announce of cyber risk transference by (re)insurers to capital markets through ILS issuances represent the potential for a reinsurance
Every insurer should closely monitor price developments, focusing on the drivers relevant to the respective insurance coverages, such as repair costs, construction prices or medical inflation
The immediate impact of inflation on non-life (P&C and health) insurers’ earnings is negative, primarily through rising future claims costs on current insurance policies
Social Security checks represent about 30% of the income of the 65 and up set, according to the Social Security Administration, or SSA
The world saw another year of impactful natural catastrophe events that once again emphasized the need to better account for the growing risks that hazards bring
Commercial property and casualty (P&C) insurance has been riding on the back of a hard market. However, insurance premium increases have slowed