Category: Trends

November 29, 2023

As the primary vs reinsurance debate rolls on, analysts in the Deutsche Bank European Insurance Team suggest reinsurers have “won the battle” so far in 2023 in terms of relative share price performance, particularly SCOR and Munich Re. “Momentum remains […]

November 29, 2023

Though the risk of flooding is undeniable, a survey by Chubb of brokers with middle-market commercial clients revealed just 16% of them say more than half their clients buy flood insurance. Furthermore, 65% of the more than 330 brokers surveyed […]

November 29, 2023

For the first time in more than a year, overall U.S. auto insurance shopping growth registered as ‘cool’ on the LexisNexis Risk Solutions Insurance Demand Meter in the third quarter of 2023, continuing a downshifting trend that began in June. […]

November 28, 2023

Reinsurers will focus on deploying their capital in excess layers while shying away from aggregate covers of catastrophe risk in the wake of a challenging convective storm season. That’s according to a Gallagher Re regional market survey ahead of the […]

November 27, 2023

Property and casualty insurer Chubb has disclosed findings from a recent survey, indicating that U.S. mid-market companies, with a majority falling within the $10 million to $1 billion range, are significantly unaware and unprepared for the risks posed by flooding. […]

November 21, 2023

In the face of escalating global risks, a new survey by The Geneva Association reveals that customers worldwide are increasingly turning to insurers for solutions that go beyond traditional coverage. The report, titled “The Value of Insurance in a Changing […]

November 21, 2023

The world’s most vulnerable countries could lose over 100% of GDP in 2024 from climate related disasters that are insurable, according to research from the Cambridge Institute for Sustainability Leadership (CISL) and broking group Howden, which also demonstrated the transformative […]

November 16, 2023

The concept of working from home isn’t entirely new. In fact, it’s been around since well before the digital age, although most “work from home” jobs back then were agricultural or artisan in nature. Over time, as technology advanced to […]

November 2, 2023

A recent report from OPTIS Partners’ M&A database revealed a notable drop in announced insurance agency mergers and acquisitions during the first three quarters of 2023. The figures show a decline to 534 transactions, down from 729 in 2022, marking […]

October 31, 2023

Governments are ill-prepared for the hazards brought on by artificial intelligence and development should be paused, according to a new survey of risk specialists by insurance company AXA SA. Only 7% of almost 3,500 risk experts from 50 countries said […]

October 26, 2023

Across property and casualty (P&C) and life and health (L&H) markets in Asia, demand for insurance and reinsurance protection is rising, and this trend is expected to persist against a backdrop of climate change and inflationary challenges, according to Franz-Josef […]

October 20, 2023

It is essential for insurers to help banks understand the evolving insurance landscape of Southeast Asia for the continued success of bancassurance, a recent survey by the Swiss Re Institute has revealed. Among its highlights, the survey found that bancassurance […]

October 9, 2023

The London Market Group (LMG) unveiled a comprehensive report shedding light on the pivotal role that insurance plays in driving and sustaining net zero projects. Targeting parliamentarians and key influencers, this report aims to underscore the significance of the London […]

October 5, 2023

Once you turn 65 years old, there’s roughly a 70% chance that you will eventually need long-term care support or services, according to the latest estimates from the Administration for Community Living (ACL). But the high cost of these services […]

September 26, 2023

The offshore wind industry is poised for growth, but developers and their insurers need to successfully manage a range of risks to successfully scale this industry globally, said Allianz in a recent report. In ‘A turning point for offshore wind’, […]

September 25, 2023

Public interest in insurance products is increasing due to extreme weather events that have been making headlines globally, as well as news that certain insurers are pulling out of high-risk areas and others are raising rates. “Insurance is having a […]

September 22, 2023

California insurance commissioner Ricardo Lara has unveiled a package of reforms that aims to alleviate the state’s troubled insurance market, including changes to the FAIR Plan and a deal with insurers that allows more people to transition back to the […]

September 7, 2023

Growing fears about the state of the world are pushing more people to take out insurance even as prices rise, Lloyd’s of London Chief Executive Officer John Neal said. Rising inflation, recession worries, climate threats and geopolitical tensions are making […]

September 7, 2023

Now that virtual and photo-estimating have become commonplace in insurance claims processes, collision repairers likely are aware of the challenges it can potentially cause — undervalued vehicles, undervalued damage, extended length of keys to keys, et cetera. But have you […]

September 5, 2023

According to Moody’s most recent Reinsurance Buyer Survey, an increasing number of insurers expect to purchase less coverage for 2024 due to higher costs, which will in turn force them to retain even more risk, making their results more volatile. […]