The US standalone cyber insurance market, according to the latest report by CyberCube, is on the verge of exponential growth, potentially reaching a staggering $45 billion in premiums by 2034. This projection marks a five-fold increase from current levels, driven by the rapid digitization of the
Over recent years, brokers in the non-standard insurance market have faced increasing costs, particularly within the home and motor insurance sectors. Prestige Underwriting conducted a survey revealing that 70% of brokers noticed a growth in claims costs, with 31% admitting that the rise was more
The Agriculture Crop Insurance Market is undergoing significant transformation, driven by increased research and development spending on a global scale. This comprehensive report by Advance Market Analytics sheds light on the evolving trends, market drivers, constraints, and opportunities shaping
International investment in infrastructure is increasingly becoming a focal point for both emerging and developed markets. This surge in interest is driven by burgeoning opportunities in various sectors, including renewable energy, transportation, telecommunications, and agriculture. However, as
Core Specialty Insurance recently achieved a significant milestone by securing an upgrade in the Financial Strength Ratings of its property and casualty subsidiaries from AM Best, moving from an A- to an A (Excellent) rating. This recognition comes with a Financial Size Category of XIII,
Investing in the financial markets can be a complex endeavor, demanding not only knowledge but also the appropriate tools and updates to stay ahead. As the market fluctuates, leveraging modern tools and staying informed with the latest updates is crucial for achieving market success. This article
In a noteworthy move to strengthen its foothold in the UK's taxi insurance market, Specialist Risk Group (SRG) has acquired the renewal rights from Morton Insurance Brokers, a firm known for its expertise in private hire and taxi insurance since 1987. This acquisition is not merely a
The recent significant fine imposed on Uber Technologies, Inc. by the Dutch Data Protection Authority (DPA) highlights the severe consequences for multinational companies that neglect the European Union's strict data privacy regulations. On August 26, 2024, Uber was penalized €290 million (
Tennessee is emerging as a front-runner in the captive insurance industry, boasting impressive growth and fostering innovation. Captive insurance, a specialized form of self-insurance where companies insure their own risks, has found a nurturing environment in Tennessee. But what are the secrets
Indonesian insurtech company PasarPolis has experienced remarkable growth since its inception in 2019, doubling its revenue and rewriting the insurance playbook in Southeast Asia. The company has sold nearly one million policies across Thailand and Vietnam while recording a stunning Gross Written
