Why Are Auto Insurance Rates Increasing? 6 Key Factors
Auto insurers price their policies based on a number of factors. Sometimes these cost factors go up, and sometimes they go down
Auto insurers price their policies based on a number of factors. Sometimes these cost factors go up, and sometimes they go down
In response to high inflation, central banks have hiked their base rates, which, in turn, can impact the balance sheets of (re)insurers as a result of fixed-interest securities falling in value
Higher-risk focused insurance-linked securities (ILS) fund strategies appear to be averaging losses around the 17% mark after hurricane Ian
Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed
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
Guy Carpenter explained that the property catastrophe reinsurance market saw some “significant” price adjustments for loss-impacted programs in peak zones