The commercial insurance market has been experiencing a remarkable surge, driven by an array of factors such as increasing business risks, evolving regulatory requirements, and a burgeoning demand for tailored insurance solutions. Valued at USD 712.4 billion in 2022, the market is forecasted to
In an industry-shaking move, NSM Insurance Group, a global specialty insurance provider, has offloaded its US commercial insurance division to New Mountain Capital. The investment firm, boasting over $55 billion in assets, now has ownership of NSM's 15 niche insurance programs across Property
Simon Glairy is a recognized expert in the fields of insurance and Insurtech, with a specialized focus on risk management and AI-driven risk assessment. Today, Simon shares insights into the decision by Bradford to join the County of Simcoe's insurance pool and what this means for the
State Farm, one of the nation's largest insurance providers, has recently submitted a rate hike request that has raised considerable concern among policyholders and state regulators alike. Insurance Commissioner Ricardo Lara has taken a proactive stance by demanding transparency from State
As the climate crisis worsens, American households are facing the brunt of increasing insurance rates and growing difficulties in securing coverage. The escalating frequency and severity of natural disasters have resulted in significant financial losses for insurance companies, compelling them to
UpCover, Australia's only digital-first commercial insurance broking company, has successfully raised $19 million in its Series A funding round. This significant milestone marks a pivotal moment in UpCover's mission to disrupt the Australian commercial insurance sector. The funding
