The latest capital poll conducted by Aon, a global insurance and reinsurance broking group, unveils significant expectations and insights into the projected growth of US insurers by 2025. An overwhelming majority of US insurers are optimistic about their growth prospects, with most expecting to
In a move reflecting its rapid growth and innovative approach, Envelop Risk, a data-driven cyber reinsurance and analytics specialist, has recently secured a three-year capacity agreement with MS Reinsurance and a multi-year analytics services agreement. These developments are a testament to the
Social inflation is a term that has gained significant attention in the insurance industry due to its profound impact on claims costs. It refers to the rising expenses of insurance claims driven by societal trends and shifts, rather than purely economic factors. This article explores the
The Michigan Department of Insurance and Financial Services (DIFS) is urging residents to review their auto, home, and renters' insurance policies to ensure they fully understand their coverage and have a plan to pay policy deductibles in the event of an emergency. Winter-related damage can
The gambling industry is a significant part of the entertainment sector in the United Kingdom, but its growth has also led to escalating concerns over compulsive gambling behaviors. With the introduction of GamStop in 2018 by the UK Gambling Commission, a new regulatory effort was put into place to
The concept of micro-captive insurance is garnering significant attention in Florida as small businesses seek alternatives to traditional insurance due to soaring commercial insurance rates. Despite the increased scrutiny by the IRS concerning potential tax implications, more small business owners
