Research and Trends News

Rising Homeowners Losses Hurt P/C Insurers in 2017: Fitch

Personal lines underwriting losses rose in 2017 for the fourth year in a row, Fitch Ratings found in a new report. There’s a twist, however. In the three years prior to 2017, personal automobile insurance contributed largely to underwriting losses. …

WCIRB: California Workers’ Comp Written Premium to be Down Again This Year

Lower workers’ compensation rates in California will bring down written premium once again this year, according to a forecast from the Workers’ Compensation Insurance Rating Bureau. That revelation is expected in a full report on the state of California’s workers’ …

Engineering Insurance Results Deteriorate but Better Times Could Be Ahead: Swiss Re

Underwriting performance in global engineering insurance has deteriorated over recent years – on declining premiums and rising claims in some construction sectors due to poor quality control, according to Swiss Re in its latest sigma study. “Some engineering insurers’ profit …

How Prices for Injured Workers’ Medical Professional Care Compare in 35 States: WCRI

Prices paid for medical professional services vary significantly across states, ranging from 26 percent below the median in Florida to 158 percent above median in Wisconsin, according to a 35-state study. States with no fee schedules for professional services had …

Sizing Up the Gig Economy

Look around, and it seems more Americans are working outside traditional full-time jobs — whether as freelance graphic designers or independent contractors or Uber drivers. Or maybe not. A government report this week suggested that the proportion of such jobs …

Financial Services Industry Boosts Blockchain Spending

The financial services industry is spending about $1.7 billion per year on blockchain, as banks and other firms move beyond the proof-of-concept stage and start rolling out commercial distributed ledger technology (DLT) products. That’s a conclusion of a new report …

Lloyd’s Uses Insurable Value Data to Predict France Will Win 2018 World Cup

Analyzing the collective insurable value of soccer players, Lloyd’s of London* predicts that France will be the winner of the 2018 World Cup, which will be held in Russia from June 14 to July 15, 2018. The research, which was …

California State Fund Says it Reduced Opioid Prescriptions by 60%

California’s State Compensation Insurance Fund is reporting a significant reduction in the number of opioid prescriptions for injured workers through a program launched four years ago. State Fund’s opioid-reduction strategy, which included early prevention in new cases and reduction of …

May 2018 Saw Severe Weather in Nearly Every Global Region: Aon Report

Four separate severe weather outbreaks swept across the United States during the month of May, which led to extensive hail, wind damage and flash flooding, according to Impact Forecasting, Aon Benfield’s catastrophe model development team in is latest monthly Global …

Here’s What’s to Expect for Global Commercial Insurance Market Growth

Global commercial property/casualty insurance premiums were worth approximately $730 billion in 2017 and by 2021 will rise to almost $900 billion. U.S. commercial P/C insurance premiums were worth $274.5 billion in 2017 and are forecast to rise to $331.5 billion …