Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
APCIA: Inflation Outpacing Premium Increases for Auto and Homeowners Lines
Mar 8 2022 // US Insurers — already hammered by extraordinary losses caused by natural disasters — are also failing to raise premiums at a pace that matches an historic inflation rate, the American Property Casualty Insurance...
More Price Increases for U.S. Commercial Insurance in Q4 2021: WTW
Mar 7 2022 // U.S. commercial insurance prices rose again in the fourth quarter of 2021, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by carriers was...
How Data-Rich Telematics Is Accelerating the Future of Auto Insurance
Mar 7 2022 // Auto insurance pricing is complex, challenging carriers to deliver competitive rates that effectively balance risk with profit potential. Fortunately, the evolution of telematics has streamlined the pricing process to...
Cyber Market Primed to Grow and Eclipse Property by 2040: Gallagher Re
Mar 7 2022 // Following a pause to stabilize the vessel, the cyber market is poised for a wave of growth that could make it larger than the property catastrophe market by 2040, according to Gallagher Re. In fact, if the cyber market...
Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years
Mar 7 2022 // The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to the cost of commercial...
U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021
Mar 7 2022 // Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in 2021 thanks to investment income and capital gains improvements despite booking an...
Emerging Trends In Litigation Risk Insurance
Mar 7 2022 // Litigation risk insurance refers to a relatively new set of insurance offerings that allow businesses to better manage the legal risks stemming from known litigation. There is a growing market for such products, which...
Property, Motor Vehicle Insurance Claims From Severe Australia Floods at A$900M and Rising
Mar 4 2022 // Property and auto insurers in Australia have received 60,163 claims related to the ongoing disastrous flooding in South-East Queensland and New South Wales. Based on previous flood events, the Insurance Council of...
Florida Keys School Board Surprised by $400,000 Increase in Insurance Premiums
Mar 3 2022 // Florida homeowners aren’t the only ones feeling the pinch from sharply rising insurance premiums. School board members in the Florida Keys were taken aback this week when they were told that property insurance...
UK to Ban Russian Companies From London Aviation Insurance Market
Mar 3 2022 // LONDON — Britain will ban Russian companies from the multi-billion dollar aviation and space insurance market in London, the world’s largest commercial and speciality insurance center, the finance ministry said on...
Education Providers Face Challenges With Growth in Cyber Threats, Insurance Costs
Mar 2 2022 // As cyber threats have continued to grow, one segment of the market that has been especially impacted is education, according to guests on the most recent episode of The Insuring Cyber Podcast. “This is a segment that...
It’s Time to Think About the Future of Producer Management
Mar 2 2022 // This post is part of a series sponsored by AgentSync. The insurance industry is riding a wave of insurtech and other digital advancements because there is a dire need to transform manual processes that have long hampered...
AIG: Net-Zero Greenhouse Gas Emissions in Underwriting, Investments by 2050
Mar 1 2022 // American International Group said it is committing to net-zero greenhouse gas emissions within its underwriting and investment portfolios by 2050. “AIG is focused on the realities of climate change,” said Peter...
Indian Court Blocks Struggling Future Enterprises Sale of Stake in Insurer Generali
Mar 1 2022 // An Indian court has blocked Future Enterprises from selling its stake in its general insurance joint venture business with Italy’s Generali, following a legal challenge by a group representing bondholders, two...
U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021
Feb 24 2022 // Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in 2021 thanks to investment income and capital gains improvements despite booking an...
Extreme Wildfires Expected to Increase 30% by 2050
Feb 24 2022 // Indonesia’s peatlands, California’s forests, and, now, vast swathes of Argentine wetland have all been ravaged by extreme wildfires, heralding a fiery future and the dire need to prevent it. With climate change...
Actuaries: Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years
Feb 24 2022 // The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to the cost of commercial...
Dakota Access Pipeline Loses Supreme Court Appeal, Leaving Its Future Unclear
Feb 23 2022 // The U.S. Supreme Court rejected an appeal by Energy Transfer LP’s Dakota Access Pipeline, letting stand a ruling that required a new federal environmental analysis and left the pipeline vulnerable to being shut...
Cyber Market Primed to Grow and Eclipse Property by 2040: Gallagher Re
Feb 23 2022 // Following a pause to stabilize the vessel, the cyber market is poised for a wave of growth that could make it larger than the property catastrophe market by 2040, said Gallagher Re. In fact, if the cyber market continues...
Munich Re Forecasts 14% Jump in 2022 Profit as It Reports Bounceback From Pandemic
Feb 23 2022 // German reinsurance group Munich Re on Wednesday forecast a 14% jump in profit this year as it reported a bounceback in 2021 from the coronavirus pandemic despite big claims from natural disasters. Marked by devastating...
