Research and Trends News

European Reinsurance Buying Continues to Increase But Demand for Cover Slows: A.M. Best

The 20 largest European cedants have continued to buy more reinsurance as soft market conditions prevail, although the pace at which retention ratios are falling has been more subdued, according to A.M. Best in a new briefing. A.M. Best said higher cession …

Half of Global Insurance Premium Growth Tied to China: Allianz Research

Allianz Research projections show that total global premium income rose to a new record high of 3,650 billion euros ($3.9224 billion U.S. dollars) last year (excluding health insurance). In a year-on-year comparison, the nominal increase – after adjustments to reflect …

Patients’ Pre-Surgery Opioid Use Contributes to Higher Costs, Complications

Surgery patients often go home from the hospital with a prescription for painkillers to take as they recover. But a new study suggests that doctors should also focus on patients who were taking such medicines before their operations. People who …

Self-Driving Cars to Transform Motor Insurance in Liability Shift: Fitch

Widespread use of autonomous vehicles will completely transform the motor insurance sector over the long term when liability begins to shift towards manufacturers and traditional risk pools shrink, according to a report published by Fitch Ratings. “The question of who …

Black Pedestrians at Higher Risk Than Whites at Crosswalks from Motorists Not Stopping

Motorists approaching mid-block crosswalks are less likely to yield for black pedestrians than white pedestrians and the pedestrian bias is apparently even worse in high-income than low-income neighborhoods, according to a new study out of the University of Nevada at …

High-Net-Worth Individuals Concerned About Underinsurance: Chubb

More than half (54 percent) of high-net-worth individuals (HNWIs) are concerned that they are underinsured, with many worried their coverage is inadequate for their needs, according to new research published by Chubb. Despite this concern, out of 500 HNWIs surveyed …

Take This Lemonade and Startups: Insurers Garner Record High Satisfaction Grades

Those uppity insurtech startups might want to take note: About one of every 15 U.S. homeowners insurance policyholders files a claim each year and these claimants are now giving insurers their highest ever satisfaction ratings. The J.D. Power 2017 U.S. …

100 Cities Ranked by Home Fire Risk: The Hartford

According to The Hartford Home Fire Index, which ranks 100 cities based on their home fire risk, the top five highest risks are: Detroit, Mich.; Shreveport, La.; Boston, Mass.; Flint, Mich. and Richmond, Va. Cities ranked six through 10 for …

Report: High Volume, Low Costs For Comp Claims in Northernmost California

California’s northern most counties accounted for 1.1 percent of the state’s workforce but 3.3 percent of the job injury claims, according to a report from the California Workers’ Compensation Institute. CWCI’s regional score card provides data on claims filed by …

What’s Been Happening with Commercial Insurance Prices: Willis Towers Watson

Most commercial insurance prices in the U.S. were nearly flat during the fourth quarter of 2016, although prices continued to go up for commercial auto. The most recent Commercial Lines Insurance Pricing Survey (CLIPS) from brokerage and advisory firm Willis …