Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Rebounding Economy Spurs Growth in Cargo, Supply Chain Risks
Oct 22 2012 // A slow trend toward economic recovery in the U.S. may mean good news/bad news for insurance agents and brokers who handle commercial accounts with cargo and supply chain vulnerabilities. The good news is growth in sales...
Oklahoma Tribes Exploring Opportunities in Insurance Industry
Oct 18 2012 // Oklahoma Insurance Commissioner John Doak told state lawmakers and tribal leaders that he welcomed a partnership with Oklahoma tribes to create additional insurance opportunities for all Oklahomans, according to an an...
Chairman Nelson Talks About the Future of Lloyd’s
Oct 16 2012 // Lloyd’s of London Chairman John Nelson knew when he acceded to his post one year ago that his predecessor, Lord Peter Levene, would be a hard act to follow. Levene served for nine years and oversaw significant...
Astonish’s 4th Annual E-Agent Summit is Close at Hand – Join Over 500 Insurance Professionals at One of the Biggest Insurance Marketing Events of the Year
Oct 16 2012 // Warwick, RI, 10/16/12 – Astonish is a digital marketing solutions and insurance sales training company focused on growing local insurance agencies into successful, selling powerhouses prepared to serve the modern...
Insurance Industry’s Text-to-Give Campaign Supports 4 Charities
Oct 15 2012 // A new text-to-give campaign as part of the Insurance Industry Charitable Foundation (IICF) Week of Giving will generate donations for four well-known national nonprofits. During October, insurance employees can donate $5...
Best Reports Italy’s Non-Life Insurance Sector Faces Shifting Landscape
Oct 11 2012 // The Italian non-life insurance market faces changes as the sector is subject to new legislation and industry consolidation, while the country’s ongoing economic challenges constrain demand for coverage, according to...
Global Federation of Insurance Associations Launched
Oct 10 2012 // Thirty-one of the world’s most important insurance associations, who represent 87 per cent of worldwide insurance business, formally established the Global Federation of Insurance Associations (GFIA) on October...
IICF Week of Giving Carries On Volunteerism, Adds ‘Text to Give’
Oct 10 2012 // The property/casualty sector of the insurance industry gave an estimated $500 million in charitable funding in 2010, according to a 2011 study by McKinsey & Company. The research report noted: “Most of this...
India’s Battered Insurers May Need More than Foreign Investment
Oct 10 2012 // India’s proposal to allow more foreign investment in its $41 billion insurance business provides a lifeline for an industry starved of capital and squeezed by regulation – but it may not pass parliament and it...
Astonish now Integrates with QQ Solutions to Provide a Complete Solution for Insurance Agency Management and Digital Marketing
Oct 10 2012 // Warwick, RI, 10/10/12 – Astonish, a leading insurance digital marketing system in the U.S., today announced its integration with QQ Solutions, Inc.’s agency management system, QQ Evolution 2. QQ Solutions, Inc. is...
Slow and Steady: Optimism Good for Surplus Lines Market in 2012
Oct 9 2012 // Despite catastrophic events in 2011, low investment yields and competitive pressures, surplus lines specialists — especially market leaders — generated healthy operating profits and returns on both revenue and...
KBW: ‘No Acceleration of Rates’ Into Traditional Hard Market
Oct 8 2012 // Analysts at investment research firm Keefe, Bruyette & Woods recently published a note recapping KBW’s annual insurance conference, held last month in New York. Analysts observed that while the general tone of...
Space Insurance Agency Aims to Help Florida’s Space Business Take Off
Oct 8 2012 // A new partnership formed between Space Florida, the spaceport authority and aerospace development organization for the state, and insurance agency Assure Space is counting on new space insurance capabilities driving more...
Moving Forward
Oct 8 2012 // One result of an improving economy is increased demand for commercial insurance coverages. The economy is improving, slowly. And the property/casualty insurance industry is seeing growth, as well. Don’t take my word...
Chairman Nelson Charts Future Course for Lloyd’s
Oct 8 2012 // Lloyd’s of London Chairman John Nelson knew when he acceded to his post one year ago that his predecessor, Lord Peter Levene, would be a hard act to follow. Levene served for nine years and oversaw significant...
Report Points to Insurance Industry’s Vulnerability to Climate Change
Oct 8 2012 // A report out late last month urges the insurance industry to act to protect itself and the community against the increasing frequency of extreme weather due to climate change. In short, the report, its authors and those...
Slow and Steady: Surplus Lines Industry Reverses Downward Trend; Optimism Good for 2012
Oct 8 2012 // Despite catastrophic events in 2011, low investment yields and competitive pressures, surplus lines specialists — especially market leaders — generated healthy operating profits and returns on both revenue and...
P/C Insurers’ Profits Jump in First Half as Catastrophe Losses Drop
Oct 4 2012 // U.S. property/casualty insurers’ net income after taxes jumped to $16.4 billion in first-half 2012 from $4.8 billion in first-half 2011, with insurers’ overall profitability as measured by their annualized rate...
UK Competition Comm. to Investigate Auto Insurance; ABI Welcomes Move
Sep 28 2012 // The UK’s insurance market for auto insurance has been referred to the Competition Commission for investigation. The Office of Fair Trading (OFT), which made the referral, expressed concerns that the structure of the...
Best Reports on MENA Insurance Market; Regulatory Change Coming
Sep 26 2012 // A report from A.M. Best examines the current state of the insurance market in the Middle East and North Africa (MENA) region. It notes that “over the past decade, the insurance industry has experienced strong growth...
