Global Insurance Report. How Insurance Industry Struggles to Create Economic Profit?
The impact on the insurance industry was noticeable: in 2020, premium growth slowed to approximately 1.2 percent
Insurance Market
67 posts
Insurance and Macroeconomic Outlook in Financial System Stresses
The global insurance industry faces multiple pressures this year but we expect rate hardening to regain momentum in response
Finance Outlook: New Accounting Rules Put Insurers in the Spotlight
Responsible for managing insurer financials at public companies have spent five years preparing for the long-anticipated implementation of new accounting standards
Global Insurance Premium Volumes to Reach New High
For insurers, the main inflation impact will show in rising claims costs, more in non-life than life insurance in which policy benefits are defined at inception
Global M&A Activity in Insurance Slowing from Uncertain Economy
Global merger and acquisition (M&A) activity remained robust through 2021, with 418 completed deals in the insurance sector, up from 407 in 2020
UK Motor & Home Insurance Losses Forecast in 2023
UK motor and home insurers expect to make largest annual loss in well over a decade this year, with further losses forecast in 2023
Global Economic and Insurance Market Outlook 2023-2024
Analytics expect global GDP to grow by just 1.7% in real terms in 2023 as inflationary recessions approach major economies
How Insurers Are Reinvent Workplace HR Strategies & Corporate Culture?
Forced virtualization of work during the pandemic has fueled revolutionary changes in employee expectations and upended many traditional employment models
How Does Inflation Challenging Insurer Profitability and Insurance Rates?
Raising revenue hasn’t been an issue for most nonlife insurers, thanks to some of the highest property-casualty insurance rate increases posted in years
Insurers Should Be Pivoting to Longer-Term Reinvention
Necessity has indeed been the mother of reinvention for the insurance industry these past few years, as most carriers were remarkably adaptive
Global Sports Insurance Market Outlook: $600 bn by 2025
The global expansion of the professional sport industry combined with the varying type of its insurance needs, has resulted in the exponential growth of the sports insurance
Marine & Cargo Insurance Market Outlook. Top Causes of Claims in Marine Insurance
Fire and explosion incidents cause the most expensive insurance claims in the marine industry, exposures and inflation, cargo damage is the most frequent cause of loss
How to Increase Resilience of Cyber Market through Insurance & Risk Management?
By increasing cyber security, companies are less attractive to attackers. It is not commonplace for us to see clients with strong cyber maturity and security mechanisms
Cyber Security & Insurance Increasing Through the ESG Lens
Cyber security has long been seen as an IT issue but today’s booming digital economy means this is no longer the case
How Re/Insurers Can Meet and Manage Customer Demands & Expectations?
Delivering personalised experiences and meeting consumer demands has been a key priority for insurers and insurtechs
Global Insurance Market Premiums & Rates Forecast for 2023-2024
Swiss Re Institute expects the insurance industry to return to premium growth of 2.1% annually on average in real terms in 2023 and 2024
How to Reduce Insurance Costs Without Compromising Risk Cover?
Insurance is essential, but the premiums can add up quickly: healthcare, car, house, disability and life, to name a few.
How Life Insurers Prepare for the Future and Avoid Falling into the Recession Trap?
Life insurers in continental Europe have been grappling with a combination of cost, regulatory, and interest rate challenges for much of the past decade
Economic Risks Prioritised Over Tech, Environment & Cyber. G20 Survey
G20 business leaders are more focused on short-term economic concerns – like rapid inflation, debt crises, and the cost of living crisis – than on environmental and cyber risks
Lloyd’s and Insurers Support to EU & UK Govt on Ship Insurance Ban for Russian Oil
95% of the P&I insurance market handled by EU and UK-based insurers, according to experts, it will be difficult for Russia to completely get around the ban
