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 is an independent dispute resolution service that provides free help for consumers of home, auto, business insurance
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 currently at risk from commercial real estate (CRE) exposure, given stable investment portfolios comprised of high-quality
US liability claims costs have risen by an annual average of 16% over the last five years, well above average rates of economic inflation at around 4%
Inflationary trends in auto liability insurance, personal and commercial combined, drove loss and defense containment costs between $96 bn and $105 bn higher
IMCA predict over $800bn will be allocated to new developments and re/insurance cover by 2030, but major challenges must be tackled if this expenditure is to succeed
The multi-year reviews of Solvency II in the EU and the UK are approaching completion, despite the very different macroeconomic environment
Underwriting results for personal lines-focused US insurers worsened during the second quarter of 2024 as natural catastrophes and inflationary pressures
China’s reduced capital charges for specific investments and amended solvency calculation will relieve insurers’ capital burden and enhance stability
The global non-life insurance industry is adjusting rapidly to the new higher interest rate era ushered in by the most intense monetary policy tightening since the 1980s
The Australian Prudential Regulation Authority (APRA) has released its quarterly general and life insurance performance statistics
The US non-life insurance market’s holdings of commercial real estate (CRE) and other real estate should withstand the challenging economic environment
The Bank of England proposed further reforms to capital rules for UK insurers in a step it said would cut red tape without lowering solvency standards
The U.S. general insurance industry is set to grow at a compound annual growth rate (CAGR) of 8.5% from $2.18 trln in 2023 to $3.03 trln in 2027
Mergers and acquisitions (M&A) in the global insurance industry dropped sharply in the first half of 2023 with 171 completed deals worldwide
Taiwan Insurance Market still face high pressure to build capital in the near to medium term to meet the more stringent interest rate charges
Global private equity deal values in insurance underwriter companies rose sequentially in the second quarter, but the industry total for H1 2023 remained shy of the $1 bn
Shipping losses hit a record low in 2022-2023, but jump in fires, shadow tanker fleet and economic uncertainty pose new safety challenges
U.S. workers compensation insurers were able to underwrite profitably between 2019 and 2024 even as significant changes occurred in the nation’s workforce
Transformative trends are shaping the future risk landscape, creating $200+ bn of market potential for insurers by 2030. Top 10 opportunities
Global pension fund involvement in M&A plummeted in the second quarter to the lowest quarterly level since 2019, according to S&P
Insurance resilience indices measure how insurance contributes to maintaining financial stability. Global protection gap measured at $1.8 trln
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
