Category: Trends

March 8, 2022

Private equity firms, corporations and strategic investors increasingly sought out transactional risk insurance last year to reduce deal risk, according to a new report by Marsh. The report, Transactional risk insurance 2021: Year in review, found that the transactional risk […]

March 3, 2022

Major cities across the US have seen an “unprecedented” surge in auto thefts and carjackings in recent years, the National Insurance Crime Bureau (NICB) has warned. Testifying before a US Senate Committee on the issue of car thefts, NICB president […]

February 15, 2022

COVID-19 Business Interruption Coverage Litigation This is the third installment of our series of articles reviewing some of the key trends and developments currently impacting the U.S. insurance industry. The issuance of various governmental orders requiring businesses to temporarily modify […]

February 4, 2022

Analysts at Goldman Sachs believe that the London Market and re/insurance stocks are debating whether companies are pricing correctly for the increased cost of weather losses due to climate change, or whether companies are basing pricing on historical trends. According […]

February 2, 2022

The last five years have undoubtedly shifted the landscape of attracting, developing, and keeping talent, leaving industry leaders questioning what the post-pandemic talent pool will look like. Robert Mescher, senior vice president of casualty at Admiral Insurance Group, sat down […]

January 28, 2022

Senior executives at investment specialist Neuberger Berman have highlighted insurance-linked securities (ILS) as an alternative asset class that should be particularly attractive to investors at this time. In an annual update to help guide clients investment decisions into 2022, Neuberger […]

January 14, 2022

The Hong Kong Insurance Authority (IA) recently hosted a discussion where insurance professionals shared their predictions on the industry’s participation in initiatives for addressing climate change, noting the emerging opportunities ahead. With climate change remaining as an imminent threat facing […]

January 4, 2022

The market for catastrophe bonds and related insurance-linked securities (ILS) saw records broken once again in 2021, as annual issuance surpassed the previous high set a year ago and reached $14 billion across pure property cat bonds, other line of […]

December 27, 2021

Insurance rates in key lines for cannabis businesses may be heading up 10% or more next year. That was one of the predictions made by an expert in the final Insuring Cannabis podcast of the year in which we interviewed […]

December 20, 2021

Throughout 2022, insurers are expected to innovate to improve customer experience and build trust, post-COVID, according to Ernie Van Der Vyver, partner at Clyde & CO. “With the flow of COVID-related business interruption (BI) claims payments nearing its end, in […]

December 10, 2021

Max Carter, CEO of specialist insurance broker, New Dawn Risk has expressed concern over an expected post-COVID claims crisis in healthcare. Commenting on how COVID-19 has impacted the healthcare system, Carter said: “If there is one thing that parties on […]

December 6, 2021

Analysts at Bank of America Securities believe that the fundamentals for non-life insurers remain attractive going into 2022, and predict that the sector is on track to deliver its best returns on equity (ROEs) in over a decade. Overall, analysts […]

November 16, 2021

Despite some improvements, the reinsurance sector continues to struggle to produce a meaningful return on capital, and as pressure builds on the impacts of climate change and secondary peril losses, there’s a real need for further rate momentum, according to […]

November 15, 2021

Christopher Croft, CEO of broker body LIIBA, has asserted that regulators will need to show more flexibility to help support the drive to achieve net zero in the insurance and reinsurance industries. Speaking online to the Association of Lloyd’s Brokers, […]

November 8, 2021

Catastrophe bonds and other insurance or reinsurance related solutions can be a bridge between the private capital markets and humanitarian project funding needs, according to David Howden, CEO of Howden Group. Speaking at an event of the COP26 climate conference […]

November 3, 2021

The insurance industry says it now has hard data proving that if you have a bad credit score, you’re more likely to slam on the brakes or step hard on the gas. Also if you’re less educated, unmarried, or sell […]

October 26, 2021

Global commercial insurance prices increased 15% in the third quarter of 2021, which was the same rate of increase recorded in the previous quarter, according to the Global Insurance Market Index released by insurance broker Marsh. While this is the […]

October 13, 2021

The U.S. insurance industry’s top compliance shortcomings relate to claims handling noncompliance, including timeliness, required disclosures, payments and grievance and appeal processes—as well as underwriting, rating and insurance producer and sales issues. That’s according to a review by Wolters Kluwer […]

October 6, 2021

Independent agents’ satisfaction with carriers has surged as industry changes have placed a renewed focus on the independent agent channel, according to a new study by J.D. Power. J.D. Power’s 2021 U.S. Independent Agent Performance and Satisfaction Study, developed in […]

September 29, 2021

Trade Credit Insurance is a risk management product offered by governmental export credit agencies as well as private insurance companies to business entities that wish to protect their finances from losses caused by risks such as insolvency, protracted default, and […]