In the second quarter of 2024, the U.S. commercial insurance market witnessed a marked deceleration in premium increases, representing a major shift in market dynamics largely propelled by the Council of Insurance Agents & Brokers' (CIAB) Commercial Property/Casualty Market Index for
In a rapidly evolving cyber landscape, businesses are shifting their approach from relying on insurance payouts to handling ransomware attacks internally. This change has led to a notable decrease in cyber insurance claims, even as more companies invest in such policies. The trend highlights an
The Financial Conduct Authority (FCA) recently launched a comprehensive review focused on refining financial services regulations, with a primary emphasis on optimizing commercial insurance regulation in the UK. This review could significantly impact the industry by lowering regulatory expenses and
In recent months, Aviva, a leading insurance company, has been under scrutiny for raising its insurance premiums, prompting accusations of profiteering. This development has sparked a heated debate about whether these hikes are justified, especially given the economic backdrop post-COVID-19.
The insurtech funding landscape in Latin America has seen a dramatic decline, reaching a historic low of $26 million in the first half of 2024, representing a staggering 78% drop from the same period in 2023. This decline continued over the 12-month period from July 2023 to June 2024, with total
The recent election of Prime Minister Keir Starmer's new Labour government has generated a positive response from key stakeholders in the UK insurance industry, including Lloyd's, the Association of British Insurers (ABI), and Previsico. These leaders see the new government's agenda
