U.S. Workers’ Compensation Insurance Premiums Increase in 2024
US workers’ compensation direct premiums earned rose 4.3% year over year in the first quarter, and the industry’s overall direct loss ratio deteriorated by 2.3 pp
US workers’ compensation direct premiums earned rose 4.3% year over year in the first quarter, and the industry’s overall direct loss ratio deteriorated by 2.3 pp
Emerging Asia is expected to be the main contributor to global economic growth in the coming years, according to Swiss Re Institute’s latest sigma
Catastrophes and natural disasters in the Asia Pacific (APAC) region amounted to a total economic loss of $80 bn. A substantial protection gap of 86%
Technology has brought sweeping change to the insurance industry, forcing providers to consider how they can more quickly and effectively deliver services
Mystery Shopping can be a powerful tool to help insurance providers and brokers to maximise conversions, so they can get ahead of competition
Insurance aims to protect against insurable perils. The blue economy globally is worth an estimated USD 2.5 trillion annually
When considering weather-related catastrophes, few perils have generated as many column inches in recent months as severe convective storms (SCS)
The U.S. life insurance sector outlook remains neutral, and issuers are well positioned to withstand commercial real estate challenges and expected asset deterioration
Aon’s work with Columbia University has revealed that under selected scenarios, U.S. hurricane losses would increase by at least 10% over 20 years
Data brings a great opportunity in the quest to manage unpredictability; it allows insurers to better manage risk and improve insurance underwriting
The current environment is complex: inflation has stayed higher for longer than expected, natural catastrophes cause increased losses
The U.S. commercial lines insurance segments are being challenged by slower revenue growth, inflation-based claim uncertainty and less favorable loss reserve experience
Swiss Re’s SONAR report reveals that the threats on the horizon develop as dynamically as the technological, geopolitical and social changes
Insurance Top Trends report highlights the importance of digital evolution in the insurance industry and millennial preferences
Insurance market in the United Arab Emirates grows by 13.2%, stemming from regulatory developments and rising insurance premium rates
Rankings of the world’s leading MGA / MGU groups by total revenues derived globally from delegated underwriting activity across all types of insurance
The allure of establishing an international insurance company lies in its potential to reach a more diverse customer base and increase profitability
Global Generative AI in Insurance Market size will be worth $5,5 bn by 2032 from its current size of $346.3 mn, and growing at a CAGR of 32.9%
Homeowners Perception of Weather Risks report provides insights into trends, behavior and how experiencing a weather event impacts
Data can help insurers to reduce their exposure to risk and create more satisfactory experiences for customers
The value of the worldwide market for insurance broking in terms of fees and commissions earned was around USD 151.4 billion
For re/insurance industry, Digital Trust and Artificial Intelligence are vital for business since access to data is the key component behind risk analytics and automation capabilities
Space insurance is roughly divided into four types of coverage. They reflect the phases of most satellite projects – preparing and launching the satellite
The P&C insurance industry has experienced challenges in recent years due, in large part, to increases in the frequency and severity of natural catastrophes
Re/Insurers poorly prepared for the increased loss frequency and intensity wrought by flooding and climate change as this year’s North Atlantic hurricane season
Swiss Re Institute expects the insurance industry to return to premium growth of 2.1% annually on average in real terms in 2024
Some experts believe that artificial intelligence (AI) could completely disrupt the insurance industry as we know it. So what does the future hold for insurers?
Insurance companies need to have technology systems in place that don’t just keep things like investment budget or time to market in mind
Growing demand for pet insurance policies and rise in need for financial safety in case of surge in boost the growth of the global pet insurance market
The global medical professional liability insurance market was valued at $14.5 bn in 2023, and is projected to reach $33.7 bn by 2031, growing at a CAGR of 10.8%
Total global insurance market premiums grew by 6.1% in real terms to $7,186 trln. The non-life sector posted 5.5% growth, driven by rate hardening in commercial lines
A recent survey pet insurance buyers in the UK about their feelings on pet insurance pricing, availability, products and service offering
Here are a Best insurance marketing strategies you can use to grow your insurance business. Most Effective Marketing for insurance
The life insurance industry is expected to increase at a CAGR of 5.3% between 2019 and 2023. India’s insurance penetration was pegged at 4.2%
Climate change, ESG responsibilities and cyber risks are just some of the key concerns facing the insurance industry in 2024, according to Reynolds Porter Chamberlain
Autonomous vehicles will drive the transformation of the motor / auto insurance market, according to Moody’s Investors Servic
According to Insuramore`s global rankings, the TOP-10 P&C (non-life) insurer groups accounted for 25.3% of total P&C gross direct premiums
Political Violence (Re)Insurance Risks are escalating as the world navigates a succession of crises. Economic and geopolitical shocks have dominated agendas
Q1 severe weather insured losses should come in at a range of $7 bn to $9.5 bn of insured severe thunderstorm storm losses from hail
InsurTech Startups are developing new approaches to traditional activities, such as underwriting and claims management. Categories startups
Policyholders should contact their insurer to obtain the assistance they need. Many claims-filing services are available via either a mobile app or online
Indian Insurance market stands at $131 bn. The Indian insurance industry grew at a CAGR of 17% over the last two decades
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
IFRS 17 requirements could result in accounting mismatches and volatilities in profit and loss—a direct consequence of the insurer’s reinsurance management strategy entered
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
As per GlobalDatas’s Property Insurance Industry Outlook in Asia-Pacific in report, the global property insurance industry recorded a CAGR of 4.1%
Global commercial property and casualty (P&C) insurance lines have delivered strong financial performance in recent years following the soft market of 2013 to 2018
M&A market activity continued to exceed historical norms while retreating from the new heights of the previous year
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