Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
MGAs Working with Insurtech Firms to Bolster Customer Centricity: Survey
Jul 18 2018 // Managing general agents (MGAs) are increasingly interested in working with insurtech firms to enable their businesses to become more customer-centric, according to a new survey of UK MGAs. More than 42 percent of survey...
Reinsurers, Insurtech Startups Increasingly Seek Mutually Beneficial Partnerships
Jul 18 2018 // Reinsurance companies increasingly are funding insurtech startups in order to structure more innovative products and improve their business efficiencies, but how much impact on the industry will these investments...
Loss Estimate for Europe’s Storm Friederike (aka DAVID) Rises to €1.7B ($2.0B): PERILS
Jul 17 2018 // The third insured loss estimate for extratropical Cyclone Friederike, also known as “David,” has risen to €1.675 billion ($2.0 billion), according to PERILS, the independent Zurich-based organisation that...
Travelers: Use Current Auto Insurance Model for Autonomous Future
Jul 17 2018 // Auto insurance should continue to be the primary compensation model for accident victims as the driving population transitions to and then fully adopts autonomous vehicles, according to the insurer that issued the...
Liberty Mutual Increases Per Risk Property Insurance Capacity to $800M
Jul 16 2018 // Liberty Mutual’s National Insurance Property unit has increased its per risk capacity to $800 million from $600 million to help property owners and their brokers better manage mid-size and large risks. According to...
North Carolina Approves 4.8% Statewide Dwelling Rate Increase
Jul 16 2018 // The North Carolina Department of Insurance has ended its legal dispute with the North Carolina Rate Bureau on its proposal for an 18.9 percent dwelling insurance rate increase and instead reached a settlement that will...
Build vs. Buy: Organic Growth in a Rising Rate Environment
Jul 16 2018 // Now that interest rates are rising again, it’s time to re-examine whether buying an insurance agency is the smart choice for growth or whether building an agency makes more sense. While lots of factors come into play...
Global Premiums Rise by 1.5% in 2017, Driven by Emerging Markets: Swiss Re
Jul 16 2018 // Global insurance premiums continued to rise in 2017 with emerging markets leading the way, according to a study published by Swiss Re Institute’s sigma, which is celebrating its 50th anniversary of market...
Ben & Jerry’s Hasn’t Cleaned Up Its Act, Consumer Group Claims
Jul 13 2018 // It’s summer in America, and that means action-packed movies, piles of hot dogs and plenty of ice cream. But according to a lawsuit filed Tuesday by a consumer food-advocacy group, if your choice of ice cream is Ben...
Best Revises Outlook for National Independent Truckers Insurance of South Carolina
Jul 13 2018 // A.M. Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the financial strength rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” of...
Survey Shows More Americans Believe There is ‘Solid Evidence’ of Global Warming
Jul 12 2018 // There’s a surefire way to get more people to believe in global warming. Just crank up the heat. A larger percentage of Americans say there is “solid evidence” of global warming than at any time since...
How the U.S. Cyber Insurance Market Is Performing: Aon Report
Jul 10 2018 // The number of U.S. insurers providing cyber insurance continues to grow along with instances of cyber attacks. In 2017, 170 U.S. insurers reported writing cyber insurance, up from 140 in 2016 and 119 in 2015, according to...
Global Insurance Premiums Rise by 1.5% in 2017, Driven by Emerging Markets: Swiss Re
Jul 6 2018 // Global insurance premiums continued to rise in 2017 with emerging markets leading the way, according to a study published by Swiss Re Institute’s sigma, which is celebrating its 50th anniversary of market...
Robots Portend Grim Future for Working Class: Viewpoint
Jul 6 2018 // Marc Andreessen, venture capitalist and one of the pioneers of the world wide web, once declared: “The spread of computers and the internet will put jobs in two categories. People who tell computers what to do, and...
‘Incredibly Shrinking Airline Seat’ Not a Safety Concern, Says FAA
Jul 6 2018 // Hopes for more legroom in increasingly cramped airplane cabins were dashed when U.S. regulators, responding to a court order, said they found no need to impose new standards on airlines. The Federal Aviation...
UK Insurance Sector Launches ‘Inclusive Behaviours Pledge’ to Build Diversity
Jul 5 2018 // Insurers, industry bodies and brokers, together with other organizations across the insurance sector, have joined forces to launch a new industry-wide pledge, designed to change behaviors and create a more inclusive work...
Survey: As Trade Fears Mount, Economic Growth Slows in Midwest
Jul 3 2018 // Business remains strong in nine Midwest and Plains states, but a new monthly survey suggests growth is slowing as concerns about trade and tariffs increase. The region’s overall economic index decreased to 61.8 in...
Insured Losses for Europe’s Storm Burglind/Eleanor Rise to €724M ($842.3M): PERILS
Jul 3 2018 // The estimate of insured losses from Europe’s windstorm Burglind, also known as Eleanor, have risen to €724 million (US$842.3 million), according to PERILS, the Zurich-based organization that provides industry-wide...
Momentum for Rate Hikes Dissipates During June/July Renewals: Willis Re Report
Jul 2 2018 // Momentum for rate increases on loss-free reinsurance accounts dissipated during the June/July property catastrophe renewals, and in some cases, pricing declined, according to a report published by Willis Re. For example,...
Florida’s Citizens Delays Decision on Proposed Rate Increases
Jul 2 2018 // Florida’s Citizens Property Insurance Corp. will wait until December to determine its 2019 insurance rates and whether it will approve a proposed 7.9 percent statewide increase for homeowners policies. The decision...
