Property

The first half of 2024 brought mixed financial results for PICC Property and Casualty (HKG:2328), a major player in the Hong Kong insurance market. While the company reported a 4.5% year-over-year increase in revenue, reaching CN¥242.4 billion, it experienced a significant decline in net income.

Starting in November, Allstate policyholders in California will experience a significant rise in their home insurance premiums, sparking concern among homeowners. The insurance giant is increasing its rates by an average of 34.1%, the steepest hike by a major insurer in the state in recent years.

Cycling businesses in the UK are encountering a transformative phase, thanks to the recent partnership between Bikmo, a leading InsurTech firm, and the Association of Cycle Traders (ACT). This relationship promises to deliver tailored insurance solutions that address the unique challenges and needs

As we delve into the leading causes of home insurance claims for 2024, it becomes evident that accidental loss or damage remains the most frequent reason for homeowners to seek insurance compensation, accounting for a significant 29% of all claims. This includes everyday occurrences such as

The U.S. property catastrophe (cat) insurance market is continually grappling with the changing landscape of risks, economic pressures, and evolving risk management strategies. For 2023, the sector stands on the brink of modest rate adjustments as key industry players recalibrate their approaches

Trupanion, a prominent provider of medical insurance for cats and dogs, has strategically expanded its footprint into the European market by launching its signature insurance product in Germany and Switzerland. This venture marks a significant milestone in Trupanion’s efforts to broaden its i