In the shadow of a powerful 6.6-magnitude earthquake that struck Kamchatka on July 20, coupled with persistent seismic activity across regions like Sakhalin, Russia's Pacific Rim has emerged as a crucible of risk and opportunity for investors seeking high-stakes ventures. This strategically vital
In a mounting wave of frustration, Illinois state leaders are publicly challenging the insurance industry over practices they deem unfair and shrouded in secrecy, particularly in the realms of auto and homeowners insurance. High-profile officials, including Secretary of State Alexi Giannoulias,
Africa faces a daunting financial challenge with an insurance protection gap that leaves millions exposed to catastrophic losses from disasters, health crises, or sudden income disruptions, a situation made stark by insurance penetration rates hovering below 3% of GDP. This figure, significantly
Are Insurers Prepared for the Future? As the world becomes increasingly uncertain, one pressing question looms large: How ready is the insurance sector to navigate the future's unpredictable risks? Recent studies reveal that the variety of new risk types has grown exponentially, with a 30% increase
Amid the ever-evolving digital landscape, life insurance is undergoing a significant transformation, embracing digital technology at its core. The shift from traditional methods to modern solutions marks a pivotal point in the insurance sector, promising increased efficiency and user-friendly
When the ground lurches unexpectedly beneath the feet of unsuspecting communities, how prepared are we for the sudden fury of nature? This question resonates worldwide following a spectacular seismic event that left coastal regions from Asia to the Americas bracing for impact. In the early hours of
In July 2025, a pivotal ruling by a Florida appeals court highlighted the potential complexities surrounding insurance claims. Homeowners Corina and Cesar De Leon faced a significant legal hurdle when their late windstorm damage claim, almost two years delayed, came under scrutiny. Initially filed
Recent discussions have centered around the health policy changes implemented during former President Donald Trump's administration and their long-term impact on medical costs in the United States. There is growing concern that these changes are contributing to the rising expenses associated with
The property and casualty (P&C) insurance sector stands at a pivotal point where growth opportunities are intertwined with the challenges of managing catastrophic risks. As insurers move into a future marked by increased digitalization and technological advances, industry players are strategically
Africa's insurance market is undergoing a fundamental transformation, witnessing a robust growth trajectory that signals a potential digital revolution. It is projected to reach USD 160.9 billion by 2033, increasing from USD 92.9 billion in 2024, thanks to a compound annual growth rate (CAGR) of
