Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
How to Succeed in Today’s Small Business Insurance Market
May 30 2018 // The small business market is big. The U.S. small commercial market represents about one-third of the total commercial lines market and generates between $99 billion and $103 billion in direct written premium, according to...
Burand’s State of the P/C Insurance Industry 2018: Pricing Cycle Effects on Agents
May 29 2018 // The property & casualty insurance and group benefits industry is changing faster than ever, or at least faster than any time in any reader’s history. Many factors are the parents of such change. In part one of...
Europe’s New Data Privacy Law Boosts Cyber Insurance Sales
May 22 2018 // Data privacy rules coming into force this week are giving Europe’s fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. Europe’s...
Why Insurance Industry Should Embrace, Not Fear, Artificial Intelligence
May 22 2018 // Powered by InsuranceJournal.tv Artificial intelligence isn’t the cold, job killing disruptor many fear it to be – at least it won’t be for many years to come, says Jeff Somers, president of...
U.S. Cyber Market Grew 32% in 2017 But Most Small-Medium Firms Opted Out: A.M. Best
May 21 2018 // The U.S. market for cyber insurance grew significantly in 2017, as direct premiums written rose nearly 32 percent year over year to $1.8 billion, and policies in force jumped 24 percent to 2.6 million, according to an A.M....
U.S. Cyber Market Is $2 Billion, Growing Fast, Profitable: Fitch
May 21 2018 // Cyber insurance coverage continues to be one of the fastest growing segments and represents a significant growth opportunity for U.S. property/casualty insurers, according to Fitch Ratings in a new report. The market has...
People
May 21 2018 // Woodruff Sawyer has expanded its New England office’s leadership structure due to growth it has seen in the past two years. As part of this initiative, it has positioned its three leaders in roles that designed to...
Age of Insurtechs Poses Unique Challenges for Surplus Lines Insurance Industry
May 17 2018 // Over the last year or so, the insurance industry has seen technological advances driving new products and distribution means to market. We have seen “insurtech” blossom from a term to describe the intersection...
Insurance Journal Launches IJ Pro, A New Member Platform
May 16 2018 // May 16, 2018, San Diego, CA — Today Insurance Journal announces the launch of a new member platform, called “IJ Pro”. What is it? It’s an enhanced experience for Insurance Journal’s most loyal...
How to Improve Terrorism Insurance to Meet Threat Landscape: JLT Re
May 14 2018 // Although there has been progress, the terrorism insurance market needs to do more to improve coverage at a time when “businesses and (re)insurers are confronted with an increasingly complex and multi-dimensional...
Insurance Flipsides: Countering the Industry’s Negative Perception Problem
May 10 2018 // The editors at Wells Media have long noticed that the insurance industry is viewed rather negatively by “civilians” – your customers. As a result, we are beginning a regular series of columns, called...
U.S. Cyber Market Is $2 Billion, Growing Fast, Profitable: Fitch
May 10 2018 // Cyber insurance coverage continues to be one of the fastest growing segments and represents a significant growth opportunity for U.S. property/casualty insurers, according to Fitch Ratings in a new report. The market has...
Insurance Journal Blog Seeks Input to Feature ‘Flipsides’ of Insurance Industry
May 9 2018 // Insurance Journal has launched a blog titled “Insurance Flipsides” to highlight stories that don’t often get told about the insurance industry. The editors would like this to be a collaborative effort and...
Regulators Looking at Health Insurance Reform Options in North Dakota
May 8 2018 // The North Dakota Insurance Department is seeking to work with a consultant in order to perform actuarial and other analysis of state proposals to reform North Dakota’s individual health insurance market, the agency...
Florida’s Ex- Commissioner McCarty Says Banks ‘Need Skin In’ Mitigation Game
May 8 2018 // Policymakers need to find a way to get banks involved in property mitigation if Florida is to improve its hurricane resiliency, according to a former state insurance commissioner. Banks are currently unmotivated to protect...
P/C Direct Premium Written Up 4.7 Percent in 2017
May 7 2018 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2016, more than $607 billion of DPW was reported. For 2017, total DPW for all P/C insurers...
Flood, Tax Relief, Cyber Security: Risk Managers’ View on the Political Turmoil in Washington
May 7 2018 // Congress is headed for a “major showdown” over the flood insurance program, according to an insurance broker lobbyist who notes that the program expires July 31, right in the middle of hurricane season. That...
Insurer Sees Growth in Insurance Market for Telemedicine Providers
May 4 2018 // As the U.S. market for telemedicine continues to expand, so does demand for insurance coverage for these providers, according to Beazley, which launched its product last summer. The U.S. is the largest and most mature...
Explaining a Policy to Someone Who Knows Better
May 2 2018 // A good friend and colleague forwarded me a press release written and sent out by a public adjusting company. Since I was wondering what to write about this week, I’m truly grateful for the article, but when I read...
U.S. Insurers Not Doing Enough on Sustainability, New Report Shows
Apr 26 2018 // A new report from a sustainability advocate gives two green thumbs down to the U.S. insurance industry for its inability to grow its efforts, or its interest, in dealing with climate change compared with other sectors. The...
