Subscription Model’s Benefits for Insurance & InsurTech Industry
Subscription models have been a hot topic of conversation in the insurance industry for several years. For some, the prospect of subscriptions becoming the dominant model
Subscription models have been a hot topic of conversation in the insurance industry for several years. For some, the prospect of subscriptions becoming the dominant model
Saudi Arabia’s insurance market, the second largest in the Gulf region by gross written premium (GWP) after the UAE, offers a vibrant and competitive environment
According to UK Home Insurance Consumer Research, the first thing that a consumer looks at when choosing home insurance is price
Earlier this year, a Grain SA survey indicated that 22% of grain producers in South Africa had lost more than 60% of their white maize plantings to water damage in 2022
Planning out insurance marketing strategy is a great way to stay on track with your business goals and find success within your target market
The year 2022 can be characterized as one of the most challenging years in recent decades from the social, financial, political environment points of view
More than 10 months into Russia’s invasion of Ukraine, the war’s long-term impact is coming into focus. The War prompted many multinational corporations to voluntarily exit
In the negotiations taking place on contract renewal, it has turned out that the international insurance industry is no longer willing to agree on coverage for Russia and Belarus
2024 year started in a dramatic, unexpected way. CEE states have travelled a long way after the fall of the Iron Curtain
For nearly a decade, insurtechs have experienced rapid growth and skyrocketing valuations. But in 2022, investors’ optimism tempered by compounding pressure
Insurance companies continued to follow a years-long trend by increasing their structured securities investments, with 3% growth year over year to $1.14 trillion
With swirling changes across the industry, KPMG surveyed 134 insurance CEOs, to gather their insights and perspectives on the industry and economic landscapes over the next 3 years
The global cyber market finally began to stabilize in 2024, largely thanks to renewed competition between markets, a decrease in median ransomware payments
The insurance industry has had to rethink its business strategies to prepare for more ambitious decarbonization initiatives across sectors
The insurance industry will continue to follow in the tech world’s steps by rapidly innovating and shifting the way it does business in order to better serve
Insurers’ efforts around Finance Transformation have mainly focused on the immediate priority of IFRS 17 compliance. What’s beyond?
S&P Global Ratings’ insurance industry and country risk assessment (IICRA) for the global marine protection and indemnity (global P&I) sector is intermediate
The Korean financial performance of life insurers should marginally improve in the near term, driven by a gradual rise in investment yields and a greater portion
Fitch Ratings’ neutral outlook on China’s insurance reflects view that the sector will maintain a sound solvency buffer and steady premium growth
Deteriorating sector outlook for the German insurance market is deteriorating for 2023, reflecting expectation that inflationary pressure on claims
What customers want and need, not what insurers want to sell or have always sold, will be the dominant driver of innovation and growth
The impact on the insurance industry was noticeable: in 2020, premium growth slowed to approximately 1.2 percent
The global insurance industry faces multiple pressures this year but we expect rate hardening to regain momentum in response
Responsible for managing insurer financials at public companies have spent five years preparing for the long-anticipated implementation of new accounting standards
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 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 and home insurers expect to make largest annual loss in well over a decade this year, with further losses forecast in 2023
Forced virtualization of work during the pandemic has fueled revolutionary changes in employee expectations and upended many traditional employment models
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
Necessity has indeed been the mother of reinvention for the insurance industry these past few years, as most carriers were remarkably adaptive