Artificial Intelligence Promises to Revolutionize P&C Insurance Industry
Artificial intelligence promises to revolutionize how P&C insurance business gets done. The exact ways AI will influence business are unknown
P&C Insurance Market reviews on Beinsure Media covers property and casualty insurance sector, focusing on policies that protect individuals and businesses from financial losses due to property damage, liability, and various risks. It includes coverage for homes, vehicles, and businesses, addressing both physical damage and legal liabilities.
Content under this category provides insights into market trends, emerging risks, and industry developments. It explores topics like policy innovations, regulatory changes, and the impact of technology on the insurance landscape. Additionally, it analyzes competitive dynamics and key players in the market.
The aim is to offer valuable information for stakeholders, including insurers, brokers, and consumers. By understanding market shifts and technological advancements, readers can make informed decisions and stay updated on industry standards and best practices.
Overall, this category serves as a resource for anyone interested in the property and casualty insurance field, providing up-to-date and relevant information to navigate the complexities of the insurance market.
Artificial intelligence promises to revolutionize how P&C insurance business gets done. The exact ways AI will influence business are unknown
US P&C insurance industry continued to generate significant underwriting losses in 1H2023 despite strong premium growth
The intensity and spread of inflation is sending insurance claims costs soaring. Strong rate hardening in US commercial insurance lines and acceleration in personal lines rates
Reinsurance market — a critical piece of Florida’s property-insurance system — is improving as Florida insurers try to bounce back
The value of the worldwide market for insurance broking in terms of fees and commissions earned was around USD 151.4 billion
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
US property and casualty P&C industry underwriting results are likely to improve in 2024 as premium rates rise significantly in underperforming auto
2024 will be a difficult year for the US P&C industry: claims severities surged with inflation, natural catastrophe losses were elevated for a sixth straight year
A hard market, higher reinsurance costs and ongoing low M&A activity are in the cards for property and casualty insurers in the new year