Research and Trends News

Top 10 Metro Areas for Vehicle Theft

Although vehicle thefts are down dramatically around the nation, there are still particular areas where thieves thrive. California’s San Francisco-Oakland-Hayward Metropolitan Statistical Area (MSA) had the nation’s highest per capita vehicle theft rate in 2014, according to the National Insurance …

Advanced Markets Drive 3.7% Global Premium Growth in 2014: Swiss Re

The global insurance industry gained momentum in 2014, with total direct premiums increasing by 3.7 percent to $4.778 trillion after having stagnated the previous year, according to Swiss Re’s latest “sigma” study. The life sector returned to positive growth, with …

Low Interest Rates Challenge European Insurers: A.M. Best Report

The low interest rate environment represents a significant challenge for insurers, according to a report published by A.M. Best. “European insurers are struggling to generate investment income as the majority of their invested assets are held in high-quality fixed-income securities,” …

Most Drivers Mum About Ridesharing, Although Many Agents Ask

Roughly three quarters of ridesharing drivers don’t have ridesharing insurance, and nearly eight-in-10 conduct their ridesharing activities covertly and keep their insurer or agent in the dark. Two informal polls from a popular Forbes blogger known as The Rideshare Guy …

Aon Benfield Analytics Releases Lloyd’s Update; 2014 Performance Examined

Aon Benfield Analytics’ Market Analysis team has released its latest Lloyd’s Update report, which assesses the market’s 2014 financial performance and latest developments. Key findings in the report include: The Lloyd’s market began 2015 with 92 active syndicates and slightly reduced underwriting …

Insurers, Bankers Can’t Be Scared Into Doing Right Thing: PwC Survey

A get-tough approach to poor employee performance, in terms of behavior and reaching targets, risks creating a climate of fear and breeding more unethical conduct in financial services – the opposite of what regulators, businesses and the public want, according …

How Ruling That Drivers Are Employees Upends Uber Business Model

If you’re a freelance writer who occasionally sells articles to a website, are you actually an employee? If you live in California, I think the answer might be — yes? The California Labor commissioner has ruled that Uber drivers are employees, not …

Insurers Stepping Toward Greater Green Investment Footprint

This is the second of a two-part column on green bonds. The first installment focused on bond sales. Australian carrier QBE Insurance Group Ltd. has invested $190 million Australian Dollars ($148.42 million) in four green bonds in the last year-and-a-half, …

Insurers Unprepared for Self-Driving Car Disruption: KPMG

The majority of property/casualty insurers do not expect autonomous or self-driving vehicles to have a real impact on their auto insurance business for another decade and have not adjusted their business models to prepare for the disruption. Many insurer executives …

Car Thieves Now Targeting Vehicles for Parts

While car thefts are declining across the country, stealing car parts and accessories is proving to be a lucrative business for professional thieves. According to the National Insurance Crime Bureau (NICB), organized crime rings are targeting newer vehicles parked in …