Research and Trends News

Looming EU Cyber Rules to Provide ‘Shot in Arm’ for Cyber Market: A.M. Best

The European Union’s looming General Data Protection Regulation (GDPR) will require mandatory notification of serious data breaches and potentially massive fines for failure to comply. That’s the bad news. The good news is that the GDPR, to be rolled out …

States See Mixed Results from Reforms Targeting Physician-Dispensed Drugs: WCRI

A new study has found that state reforms to control the costs of prescription drugs by targeting reimbursements for physicians dispensing them are having some effect but that physician-dispensing still accounts for a large share of prescription drug costs in …

New Insurance Products Could Cut Natural Disaster Costs in Poorer Nations: Report

New types of insurance could cut the costs of natural disasters for poorer countries and reduce the amount of humanitarian aid needed, according to a report commissioned by Britain’s international development ministry. The cost of natural disasters to some of the world’s …

Agents Seek Better Grasp of Carriers’ Commercial Lines Underwriting Likes

Independent agents want to talk about underwriting, and they’re urging their carriers to listen. Preliminary results from the 2017 Channel Harvest Research survey indicate agents want to see companies put greater emphasis on how and what they’ll underwrite. The 10th …

Robo Advisers Gaining as Insurance Sales Agents: Chart

While traditional intermediaries still dominate in distributing insurance, the advance in artificial intelligence means that so-called robo advisers have gained traction in recent years, according to Swiss Re. These web-based platforms — providing automated, algorithm-based advice without or with only …

Individual Health Insurance Market Stabilizing, Not Collapsing: Kaiser

Insurer financial data through the first quarter of 2017 suggest the individual health insurance market has been stabilizing and insurers in this market are regaining profitability, finds a new analysis from the Kaiser Family Foundation. “Insurer financial results show no …

Carrier Poll Shows Many Agents Expect Minor Tech Disruption by 2020

A new poll conducted by a Seattle, Wash.-based carrier that asked independent insurance agents what’s ahead in 2020 showed that roughly half of agents expect technology disruption to have a minor impact on their agency over the next few years. …

Soft Rates Begin to Hit Results – But Pain Continues at Mid-Year Renewals: Willis Re

Despite the deterioration many reinsurers saw in the first quarter, mid-year renewals continued their downward pricing trajectory, according to Willis Re in a recent report. Indeed, underlying loss and expense ratios for many reinsurers are showing a worrying trend of …

June Catastrophes Cost Global Economy $5 Billion; U.S. Storms Dominate: Aon

Floods and storms cost the global economy more than $5 billion in June, with most of those losses generated in the United States, according to an Aon catastrophe report. In the U.S., large hail, tornadoes, straight-line winds and isolated flash …

Burand’s State of P/C Insurance Industry Part 2: How to Pick Winners as More Carriers Consolidate or Waste Away

Editor’s Note: This is the second of two articles by Burand based on his most recent 50-page whitepaper, State of the P&C Insurance Industry 2017. The whitepaper is available from Insurance Journal’s Research and Trends division here. The first article …