Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Climate Change Could Force 200 Million People to Leave Their Homes by 2050
Sep 15 2021 // Climate change could push more than 200 million people to leave their homes in the next three decades and create migration hotspots unless urgent action is taken to reduce global emissions and bridge the development gap, a...
Most Commercial Lines Continuing to Win Healthy Price Increases
Sep 14 2021 // While aggregate U.S. commercial insurance price hikes continue to moderate, most lines are still producing robust price increases, according to Willis Towers Watson. Excess/umbrella produces significant price increases...
Foreign Investors Favor India Utilities, Financial Services, Healthcare: Deloitte survey
Sep 14 2021 // International investors remain confident of India’s short- and long-term growth prospects and are readying plans to make additional and new investments in the country, according to a survey of 1200 business leaders...
Florida’s Event Planners Navigate New Insurance Market Reality
Sep 14 2021 // COVID-19 has inflicted significant damage on Florida’s events industry, costing revenue, forcing changes in how the state’s venues operate and limiting options for how conventions, trade shows and concerts are...
Outlooks Revised to Negative for Armed Forces Insurance Exchange
Sep 13 2021 // AM Best revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Armed Forces Insurance Exchange (AFIE) in...
Global P/C Premiums Likely to Double by 2040, but Motor Growth Will Slow: Swiss Re
Sep 8 2021 // Global property/casualty premiums are expected to more than double to US$4.3 trillion in 2040 from US$1.8 trillion in 2020 – growth driven by economic development, urbanization and climate change, according to Swiss...
RMS: Up to $35B in Gulf Region Onshore, Offshore Insured Losses From Ida
Sep 8 2021 // Catastrophe risk specialist, RMS, estimates onshore and offshore U.S. insured losses from Hurricane Ida in the Gulf of Mexico region to be between $25 billion and $35 billion. RMS’ estimate includes losses to the...
Global Reinsurance Rates, Demand to Continue Rising in 2022
Sep 7 2021 // Global reinsurance rates are likely to continue rising next year after several years of increases, though the pace of increase may slow, ratings analysts said on Tuesday. Reinsurance rates have been rising in the past few...
Survey: 9 Midwest, Plains States See Steady Economic Growth
Sep 7 2021 // The economy keeps operating at a healthy pace in nine Midwest and Plains states, but supply delays and shortages of workers are limiting growth in the region, according to a new monthly survey of business leaders. The...
ESG and the Future of Energy
Sep 6 2021 // One area receiving increased scrutiny by underwriters are ESG related issues, or environmental, societal and government requirements, according to Ricky Bryan, executive vice president, IMA Financial Group Inc., and...
Insurance Industry Keeping Up With an Energy Market in Transition
Sep 6 2021 // Last year was a wild one for the energy sector. There were, of course, COVID-19 related issues. The sector also dealt with continuing pressure on insurer capacity for some energy sectors due to environmental concerns, oil...
Florida Workers’ Comp Rates Set to Decrease, Again
Sep 3 2021 // Florida workers’ compensation rates are set to decline again as the National Council on Compensation Insurance (NCCI) has proposed a statewide rate decrease of 4.9% in the voluntary market. The rates would take...
AIR Worldwide Estimates Insured Losses for Hurricane Ida Could Be Up to $25 Billion
Sep 3 2021 // Insurance industry insured losses to onshore property resulting from Hurricane Ida’s winds and storm surge will range from $17 billion to $25 billion. AIR’s modeled insured loss estimates include insured...
Traffic Deaths Up 10.5% in First Three Months of 2021
Sep 2 2021 // New data shows a sustained increase in U.S. traffic deaths that regulators ascribe to impaired driving, speeding, a failure to wear seats beats and other unsafe behavior since the start of the coronavirus pandemic. The...
Singapore Exchange Looks to Tap Into SPAC Trend by Relaxing Rules
Sep 2 2021 // Singapore Exchange unveiled new rules allowing special purpose acquisition companies (SPACs) to list in the city-state, after easing some measures viewed as too strict by participants, as it seeks to tap a global trend in...
Judge Will Approve Purdue Bankruptcy Plan, Freeing Sacklers From Future Liability Suits
Sep 2 2021 // A U.S. judge said on Wednesday he would approve OxyContin maker Purdue Pharma LP’s bankruptcy reorganization plan, clearing a path to resolve thousands of opioid lawsuits and shielding the company’s wealthy...
Japan Sees a Future in Crewless Cargo Ships as First Autonomous Trial Voyage Nears
Aug 31 2021 // In just two decades from now, half of all domestic ships plying Japan’s coastal waters may be piloting themselves. That’s the ambitious goal of the Nippon Foundation, a public-interest organization backing the...
Global Insurance M&A Drops 3% in 1st Half of 2021: Clyde & Co. Report
Aug 27 2021 // Mergers and acquisitions (M&A) in the global insurance industry dropped 3% in the first half of 2021 with 197 completed deals worldwide, down from 206 in the second half of 2020, according to Clyde & Co.’s...
Reinsurance Prices Expected to Harden at Jan. 2022 Renewals – with Less Momentum
Aug 24 2021 // Global reinsurers’ underwriting performance will continue to improve in 2022 as premium rate increases take hold, with further rate hikes expected as a result of higher catastrophe losses, continued low interest...
Rain Falls at Highest Point on Greenland’s Ice Sheet for 1st Time on Record
Aug 23 2021 // Rain fell at the highest point on the Greenland ice sheet last week for the first time on record, another worrying sign of warming for the ice sheet already melting at an increasing rate, scientists said on...
