The start of 2025 has brought a noticeable shift in household insurance premiums, providing a brief respite amidst ongoing economic challenges. General insurance provider Berkeley Alexander has reported that premiums have softened, reflecting a significant trend in the industry. According to their
WTW’s Commercial Lines Insurance Pricing Survey (CLIPS) has revealed notable insights regarding U.S. commercial insurance rates. The survey indicated an aggregate increase of 5.6% in the fourth quarter of 2024 compared to the same period in the previous year. Though this increase remains s
The landscape of healthcare is undergoing significant changes with innovative models designed to address the affordability and accessibility challenges that many individuals face. One such model, implemented by Whole Patient Care in Winchester, VA, has chosen to forego traditional insurance in
In an era where climate change is significantly increasing the frequency and intensity of natural disasters, the insurance industry faces the formidable challenge of covering such highly unpredictable events efficiently. Sandra DeSilva, an insurance technology veteran, has introduced Mythen, an
The COVID-19 pandemic brought about significant economic instability, leading many individuals to rely on unemployment benefits for survival. Unfortunately, this necessity also opened avenues for fraudulent activities, with some exploiting the system designed to support those in genuine need. One
In 2024, Canadian businesses experienced a devastating financial blow due to severe weather events, marking the second-highest total of commercial insurance losses in the country's history. Data from Catastrophe Indices and Quantification Inc. (CatIQ) revealed that insured commercial losses
The earthquake insurance market is gaining significant ground globally, driven by technological advancements and stringent governmental regulations. This burgeoning industry, expected to see an increase in market size from $8.02 billion in 2024 to $10.94 billion by 2029, is experiencing dynamic
New Mexico House Bill 527, sponsored by Rep. Cristina Parajón, a Democrat from Bernalillo, aims to mandate health insurance providers to cover medical cannabis costs. This legislation seeks to amend the state's health insurance codes to include medical cannabis under coverage offered by
Today, we have Simon Glairy, a recognized expert in the fields of insurance and Insurtech, with a specialized focus on risk management and AI-driven risk assessment. He joins us to discuss the latest developments at Nirvana Insurance, including their impressive $80 million Series C funding round
The blockchain in insurance market is experiencing rapid growth, projected to escalate from $1.94 billion in 2024 to $3.11 billion in 2025, with a remarkable compound annual growth rate (CAGR) of 60.1%. This explosive increase is attributed to several key factors including enhanced fraud
