Research and Trends News

Willis Exec Warns on Increasing Urbanization Risks

One of the principal concerns for the movers and shakers meeting in Davos has been the increasing tendency of global populations to move from villages and farms to cities. With up to three-quarters of the global population expected to live …

Construction Insurance Trends to Watch in 2015

Bolstered by a resurgent economy and renewed optimism, the construction industry is showing signs of significant growth. Payrolls are increasing, more projects are coming online and the scope of work is increasing. Ample insurance coverage is available for both commercial …

WCIRB: Continued Increase in California Claim Frequency

Workers’ compensation indemnity claim frequency in California has continued to rise unlike in most other states, according to the California Workers’ Compensation Insurance Rating Bureau. The WCIRB recently issued an update to its Analysis of Changes in Indemnity Claim Frequency report, which …

Aon Sees Healthcare Workers’ Compensation Claims Dropping

Workers’ compensation costs and claims frequency in the healthcare sector are going down, according to a report that studied 1,1150 facilities in 11 states. Aon Risk Solutions’ Health Care Workers’ Compensation Barometer report projects that workers’ compensation loss rates and …

Top 10 Causes of Workplace Injuries

Overexertion and falls account for more than $25 billion in workers’ compensation costs in the U.S. Being hurt by an object or equipment ranks third in workplace injury causes and claims costs in the Liberty Mutual Research Institute for Safety’s …

Catastrophe Bond Issuance Reaches Record Levels: Aon Benfield Report

Property catastrophe bond issuance for the fourth quarter 2014 stood at USD$2.1 billion across six separate transactions, contributing to a record annual property catastrophe bond issuance of USD$8.0 billion, according to a report published by Aon Benfield Securities, the investment …

Allianz Survey: Businesses Face New Challenges in Interconnected World

Business interruption (BI) and supply chain, natural catastrophes and fire/explosion are the major risks that occupy the attention of companies at the start of 2015, according to the fourth annual “Allianz Risk Barometer 2015.” The Risk Barometer details the top 10 global …

P/C Insurers See Surge in Cyber Insurance, M&A Activity in 2015

Property/casualty insurance executives overwhelmingly predict growth in both cyber insurance and merger and acquisitions (M&A) activity in 2015, according to a new Insurance Information Institute annual survey. I.I.I.’s survey of executives attending its annual Property/Casualty Insurance Joint Industry Forum also …

Snow Problem When It Comes to Self-Driving Cars, Says Google

Google Inc. sees Detroit’s snow as a bigger barrier than Washington’s regulators for its self-driving car. The technology giant doesn’t intend to offer a self-driving car to areas where it snows in the near term, Chris Urmson, director of Google’s …

AIR’s ‘Global Exceedance Probability Curve’ Report Shows Industry Loss Metrics

Catastrophe modeling firm AIR Worldwide estimated that the 1 percent exceedance probability loss (or the 100-year return period loss) is approximately $231.5 billion and the long-term average annual loss from natural catastrophes and terrorism is $72.6 billion. These statistics were …