‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association January 24, 2025 By Elizabeth Blosfield A January 2025 report from the Geneva Association, titled “Insurance in a Fragmented World Economy,” found that geopolitical tensions have...
P/C Market Profit Improvement Expected to Continue Through 2026: Triple-I, Milliman January 17, 2025 The “gap is closing” between commercial lines and personal lines underwriting results as the insurance industry overall is expected to...
Damaging Megadroughts Are Spreading Around the World January 17, 2025 By Kendra Pierre-Louis Severe drought conditions have helped fuel the Los Angeles wildfires. But a new study, released Thursday in the journal Nature...
Cyber, Business Interruption, Natural Disasters Listed as Top 3 Business Risks: Allianz January 15, 2025 By L.S. Howard Cyber, business interruption and natural catastrophes are the top three risks that concern global businesses, according to the Allianz Risk...
Canadian Insured Losses From Catastrophic Events Total C$8.5 Billion in 2024: CatIQ January 13, 2025 The magnitude of catastrophic events experienced across Canada in 2024 pushed the insured loss total for the region to C$8.5...
Update: Hottest Year Ever Sees World Breach 1.5C Global Warming Target January 10, 2025 By Eric Roston Earth’s warming exceeded 1.5C on an annual basis for the first time in 2024, according to three major climate science...
Insured Losses From Natural Disasters Hit $140B as Climate Change ‘Shows Its Claws’ January 9, 2025 By L.S. Howard Insurers saw the third most expensive year for natural catastrophe losses in 2024 – reaching a total of US$140 billion...
When EVs Take Off: AM Best Reviews Impact on China Motor Insurance January 9, 2025 By Susanne Sclafane Premiums for policies covering new energy vehicles in China have soared to $13.8 billion—a six-fold jump from the level recorded...
Reinsurance Buyers With Good Portfolio Stories See Better Renewal Outcomes: Brokers January 7, 2025 By L.S. Howard Reinsurance buyers generally found ample capacity during the January renewals as well as increased reinsurer appetite, which led to risk-adjusted...
Global Property Catastrophe Rates-on-Line Down 6.6% During Renewals: Guy Carpenter January 6, 2025 Guy Carpenter reports that average global and regional property catastrophe rates-on-line decreased during the January 2025 renewals in amounts ranging...