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Category: Trends


Risk Management, Trends

Why six million Americans go without home insurance

March 14, 2024

Via: Insurance Business

A recent study has revealed that over six million homeowners across the United States, including a significant number of Native American, Hispanic, and Black homeowners, are without homeowners’ insurance. This lack of coverage, the Consumer Federation of America says, places […]


Risk Management, Trends

Reinsurance peaking, capital rising, but profitable growth opportunity persists: Fitch

February 29, 2024

Via: Artemis BM

The global reinsurance market pricing cycle is peaking and rising levels of both traditional and alternative capital is one driver, but still the market remains very attractive and profitable growth opportunities persist, according to Fitch Ratings. Fitch notes that the […]


Risk Management, Trends

Global property insurance market shows signs of softening in Q1’24: Gallagher Specialty

February 27, 2024

Via: Reinsurance News

In the latest update from Gallagher Specialty on the global property insurance market, significant shifts are noted, particularly in the USA region. Reports indicate smoother treaty renewals towards the end of the year, with reinsurers largely maintaining high attachment points […]


Risk Management, Trends

Marine insurance sector urged to collaborate with shipowners for maritime sustainability

February 23, 2024

Via: Reinsurance News

In a joint effort to address the pressing issue of maritime sustainability, marine insurance experts are calling for closer collaboration with shipowners to develop decarbonisation strategies. A white paper, co-authored by underwriting firm Atrium and Bayes Business School (formerly Cass), […]


Risk Management, Trends

Viewpoint: 5 Global Insurance Trends You Need to Know About in 2024

February 6, 2024

Via: Insurance Journal

In the insurance world, 2024 brings forth many challenges and transformative trends. From the escalating global risks, such as climate change and cyber threats, to the evolving role of insurers as societal safety nets, the industry is on the brink […]


Risk Management, Trends

What Is Private Placement Life Insurance?

January 30, 2024

Via: JD Supra

Market volatility and heightened tax uncertainty have caused increased interest in private placement life insurance (PPLI) in recent years. However, those same factors have led to increased scrutiny for high-net-worth families. In this blog, we’ll examine what PPLI covers, how […]


Risk Management, Trends

Parametric insurance a valuable addition to climate risk management landscape: WRMS

January 25, 2024

Via: Reinsurance News

Parametric insurance is said to be significantly disrupting and complementing traditional insurance models across the climate industry, by offering innovative solutions that address the shortcomings of conventional approaches. In the face of climate-related risks, assessing and quantifying damages accurately can […]


Risk Management, Trends

Considerations for D&O Insurance in Light of the Changing Diversity, Equity, and Inclusion (DEI) Legal Landscape

January 24, 2024

Via: JD Supra

After George Floyd’s death in May 2020, companies (including their directors and officers) are facing increasing liability exposure and scrutiny from both sides of the political aisle relating to diversity, equity, and inclusion (DEI) initiatives. While coverage under a directors […]


Risk Management, Trends

Satellite tech revolutionising insurance response with near real-time insights: ICEYE CEO at Davos

January 18, 2024

Via: Reinsurance News

In a speech at this year’s World Economic Forum in Davos, Rafal Modrzewski, CEO and Co-Founder of ICEYE, emphasised the pivotal role of satellite technology in rebuilding trust and addressing key global challenges, particularly in the realm of insurance. Modrzewski […]


Risk Management, Trends

Florida insurers bought 11% more reinsurance in 2023. Data suggests lawsuits slowing

January 10, 2024

Via: Artemis BM

Florida insurance carriers purchased 11% more in reinsurance over the course of 2023 than a year earlier and while market conditions were certainly hard, it was not as challenging as had been forecast for the domestic Floridian insurance market. In […]


Risk Management, Trends

Are AI and data analytics hurting claims outcomes?

January 8, 2024

Via: Insurance Business

As artificial intelligence (AI) and data analytics gets more refined and adopted across multiple industries, this is proving to be problematic for insurance, with these technologies being adopted by plaintiffs. “I see that the plaintiffs are even more sophisticated, figuring […]


Risk Management, Trends

Reinsurance pricing rises again in 2024

January 5, 2024

Via: Insurance Business

New equity research from Jefferies highlights that in the global property-catastrophe reinsurance market, prices have seen an additional increase of 3% on a risk-adjusted basis, following a 37% rise last year. The trend suggests continued robust demand in the industry, […]


Risk Management, Trends

Generative AI will enable the re/insurance sector to become larger and more impactful: Cytora CEO

December 27, 2023

Via: Reinsurance News

As artificial intelligence (AI) continues to expand and widen across the industry, there has always been a growing concern surrounding how the technology may impact jobs within sectors, however, according to Richard Hartley, the CEO and Co-founder of Cytora, the […]


Risk Management, Trends

Litigation Abuse, Regulation, Hard Market Among Insurance Trades’ Priorities for 2024

December 27, 2023

Via: Insurance Journal

What are the top priorities and/or challenges heading into 2024? Here are the responses we received: In the coming year, the American Property Casualty Insurance Association (APCIA) will focus on proactively engaging in nine priority areas, in addition to tackling […]


Risk Management, Trends

Challenges expected for UK specialty re/insurers in 2024 despite strong 2023: EY

December 20, 2023

Via: Reinsurance News

As 2024 draws closer, Martina Neary, UK Insurance Leader at EY, has suggested the UK’s specialty insurance market will face a host of challenges in the year, including increasing weather events, sustained inflation and cost pressures, and increasing geopolitical uncertainty. […]


Risk Management, Trends

Embedded insurance – the next logical step for agents?

December 18, 2023

Via: Insurance Business

Tapping into embedded insurance could have big benefits for agents but stragglers risk being left behind if they do not get on board, Applied Systems SVP of commercial lines Raghav Tanna (pictured) has cautioned. Applied Systems’ Tarmika Insured went live […]


Risk Management, Trends

As our climate warms we need to adapt as well as mitigate: Swiss Re’s Scotti

December 6, 2023

Via: Reinsurance News

As destructive weather-related events show less predictable patterns and continue to increase in frequency and severity amid the warming climate, Veronica Scotti, Chairperson, Public Sector Solutions, Swiss Re, has suggested that “we need to adapt as well as mitigate to […]


Risk Management, Trends

Reinsurers have won the battle so far in 2023: Deutsche Bank

November 29, 2023

Via: Reinsurance News

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 […]


Risk Management, Trends

Chubb Survey of Middle-Market Brokers Finds Lack of Awareness of Flood Risk

November 29, 2023

Via: Insurance Journal

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 […]


Risk Management, Trends

LexisNexis: Auto Insurance Shopping Slows but Still Remains Elevated

November 29, 2023

Via: Insurance Journal

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. […]