Research and Trends News

Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend: Marsh

Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in Q3 and a 9% increase in Q2, which is a continuation of a trend of moderating increases that began in Q1 2021, …

Crypto Thefts Hit Record $3.8B in 2022 on Surge in North Korea Hacking: Report

Thieves stole a record $3.8 billion worth of cryptocurrency in 2022 as sanctions on North Korea drove a surge in suspected hacking by the Asian nation. Overall crypto losses increased from $3.3 billion stolen in 2021, blockchain analysis firm Chainalysis …

Ranks of Quiet Quitters Climb as Layoffs Mount

Close to one in five workers has fully checked out on the job, and employees’ sense that they’re being treated fairly has plummeted, according to two new surveys that paint a dismal picture of the American workplace. The share of …

Rising Costs of Secondary Perils Force Reinsurers to Require Higher Attachment Points

Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils, which is leading reinsurers to require higher attachment points, according to Gallagher Re. “The topic of primary versus secondary perils …

Climate Disaster in Amazon Rainforest Could Cascade Across Earth, Study Finds

Trees set ablaze in Brazil’s Amazon rainforest could contribute to melting glaciers in the Himalayas and Antarctica because distant ecosystems that regulate the Earth’s climate are more closely connected than previously thought. Scientists have discovered a new atmospheric pathway that …

French (Yes, French) Executives Are the World’s Worst Workaholics: Survey

Americans have popularized “hustle culture,” but it’s French executives who binge work the most, according to a new survey. Nearly four in ten French business leaders admit to working intense, long hours without regular breaks, well above the 25% global …

Report on Mass Shootings Urges Workplace Violence Prevention Plans

As the nation reels from a week of high-profile shootings, a new report on mass attacks calls for communities to intervene early when they see warning signs of violence, encourages businesses to consider workplace violence prevention plans and highlights the …

‘A Tale of Two Halves’ for 2022’s Insurance Mergers and Acquisitions

Last year was a tale of two halves for insurance mergers and acquisitions. OPTIS Partners reports 987 agency mergers and acquisitions were announced in 2022 – down 8% from 2021. A significant rise in interest rates and economic uncertainty may …

CFOs Now Occupy Hottest Seat in Boardroom and Most Acute Labor Shortage

It’s not just truck drivers and nurses. The most acute labor shortage for many companies right now is the chief financial officer. Assignments for CFO appointments across Europe, the Middle East and Africa are up almost a third on this …

British Financial Services Damaged by Slow Supervisors, Report Warns

Britain’s regulators can be slow, inefficient and unpredictable, raising costs and slowly damaging the financial sector’s global competitiveness, industry body TheCityUK said in a report. Complex, opaque and slow authorizations, such as for a new chief executive or a new …