Marine mutual insurers and P&I Clubs are planning rate hikes for 2025, driven by rising claims and inflation pressures. Marine mutuals are under growing pressure

Hurricane Helene’s recent destruction underscores the rising flood risk impacting local economies and tax bases in the Eastern and Southern United States

Cyber incidents, changes in climate, and business interruption are the chief risk concerns among key marketplace segments in the insurance industry

Inland areas are increasingly vulnerable to flooding from both tropical storms and severe convective storms, yet the number of homeowners who purchase flood insurance

Reinsurers are likely to push for double-digit increases in U.S. casualty premium rates during the January 2025 renewals. This move aims to address higher loss costs

More than 50% of the 81 respondents think global reinsurers will raise prices in January reinsurance 2025 renewals, continuing recent increases driven by high claims inflation

Hurricane Milton is not likely to affect credit for rated property and casualty insurers and global reinsurers given very strong capital levels

Economic and insured losses from Hurricane Milton remain uncertain, Milton is the second major storm to hit the U.S. within two weeks, following Hurricane Helene

Venture capital funding for generative AI startups is on track to exceed 2023's record-breaking levels. In the first three quarters of 2024, GenAI startups raised over $20 bn

Insurance claims management software can streamline intake, evaluation, validation, payouts and closure. Unfortunately, not all platforms are built to the same standard

InsurTech companies rank among the top-performing US insurance stocks in early 2024. The US insurance technology space has grounds for optimism

Big funding rounds in InsurTech Sector seemed to slow down, as only one U.S.-based startup saw a round of more than a $250 mn