Category: Trends

May 19, 2023

Drivers are kicking the tires and trading up for new auto insurance policies. In the first quarter, new policy growth rate was up 17% over the same period in 2022, and a record-breaking shopping growth rate was up 10.2% compared […]

May 12, 2023

Gillian Davidson, Global Insurance Law Connect’s (GILC) Chair, highlighted the increasing importance of Environmental, Social, and Governance (ESG) considerations for insurers and the wider business community. In the fifth edition of GILC’s annual ‘Risk Radar Report’, Davidson noted that ESG […]

May 10, 2023

Mergers and acquisitions (M&A) are always a hot topic in insurance. From small agencies hoping to get acquired, large agencies hoping to get larger, or carriers looking to expand into new geographies or lines of business, there are a multitude […]

May 5, 2023

Three out of four Americans believe gun owners should be required to have firearm liability insurance. Those are the numbers out of a new ValuePenguin survey of 1,995 people ages 18 to 77 exploring attitudes about the role insurance could […]

May 3, 2023

New data from independent investment manager Twelve Capital shows that reinsurers are leading the way in terms of some net zero targets within the wider financial industry, with 50% having adopted operational 2030 targets, compared with just 18% in the […]

May 1, 2023

The global travel insurance market has grown from US$19.14 billion in 2022 to US$22.44 billion this year at a compound annual growth rate (CAGR) of 17.3%, according to a new study by analytics firm Research and Markets. The travel insurance […]

April 4, 2023

Amid increasing global economic volatility, and with a US recession seemingly on the horizon, re/insurers are leaning heavily into fixed income investments and are seeking to increase duration and credit risk, according to analysts at Goldman Sachs. Goldman Sachs Asset […]

March 29, 2023

Embedded insurance – insurance integrated into a product or service – has quickly become a mainstay in the auto, electronics, and travel space. But one expert believes that this innovative type of insurance is ripe for wider adoption amid the […]

March 21, 2023

The Silicon Valley Bank (SVB) collapse is increasing awareness of risks in the financial system and could reverse some of the softening in insurance markets this year, according to Amwins CEO Scott Purviance. “When you’re allocating capital and taking risk […]

March 17, 2023

The insurance industry has for decades lived up to its value proposition of providing capital to cover risk and reimburse losses. But a new survey shows this traditional premise of insurance is not enough for consumers anymore. Instead, attitudes and […]

March 1, 2023

Allied World, a provider of environmental casualty insurance, has announced the launch of a revised environmental package policy. The revised policy offers a new, redesigned layout and more comprehensive coverage, the company said. The policy is designed for fixed-site facility […]

February 27, 2023

Flood risk management is under strain, unable to cope with current levels of risk even as global flood risk is set to increase in the coming years, according to a report by Marsh McLennan. The company’s latest Flood Risk Index, […]

February 22, 2023

Strong recent merger and acquisition (M&A) activity has coincided with the increased use of warranty and indemnity insurance for mid-to-high value transactions in the New Zealand market. Advisors and insurers expect this trend to accelerate over the coming months and […]

February 20, 2023

The insurance industry is in a period of transition as it adapts to today’s geopolitical and socio-economic climate, new ways of working, new risks faced by our clients – and much more. Sandrine Girszyn (pictured), chief human resources officer for […]

February 6, 2023

Most of us take out insurance for what we consider our most prized assets – our homes, our cars, and other expensive possessions. Not many of us realize, however, that our most important asset – the one that allows us […]

February 6, 2023

The New Year is an opportunity to reset and reflect on your present condition and ways to improve. One thing all members of the construction industry, from owners to contractors, should do is check in on their insurance policies and […]

February 2, 2023

The Guy Carpenter U.S. Property Catastrophe Rate on Line Index increased by a significant 30.1% at the January 2023 reinsurance renewals, taking rates to an all-time high, according to the latest data from the global reinsurance broker. Guy Carpenter, which […]

January 31, 2023

Aon’s January Reinsurance Market Dynamics report: Macro Conditions: Extreme Volatility, cites 2022 as being tricky for the industry, with inflation hitting multi-decade highs, as well as interest rates rising to an almost “unprecedented pace”. The report also noted that equities […]

January 30, 2023

A hard market in short-tail lines – such as property and property catastrophe – across global geographies is likely to continue throughout 2023, after beginning the year with multi-decade-high pricing increases during the January 2023 reinsurance renewals, according to a […]

January 25, 2023

J.D. Power has published the latest edition of its auto insurance quarterly shopping trends report, and found that in the fourth quarter of 2022, there was actually a noticeable increase in auto insurance shopping activity in America. The report – […]