Research and Trends News

How UK Brokers View Cyber Insurance

The majority of UK brokers see cyber as an important and growing market yet nearly one-third admit to a “poor” or “very poor” understanding of cyber risks and cyber insurance, according to research from DAS UK Group, a UK legal …

How to Improve Terrorism Insurance to Meet Threat Landscape: JLT Re

Although there has been progress, the terrorism insurance market needs to do more to improve coverage at a time when “businesses and (re)insurers are confronted with an increasingly complex and multi-dimensional threat landscape,” according to a new report from JL …

Number of Lawyers in U.S. Grew 15% in Past Decade

The nationwide population of lawyers is up to 1,338,678 licensed, active attorneys, which represents a 0.2 percent increase since last year and a 15.2 percent rise over the past decade, according to data from the American Bar Association (ABA). The …

Top 25 Workers’ Compensation Insurers

The top 10 workers’ compensation insurers capture 46 percent of the market across the country, according to the latest figures from the National Association of Insurance Commissioners (NAIC). The top three — Travelers, The Hartford and Zurich— write a little …

How Insurer Execs, Workers View Artificial Intelligence and Future Work

Insurers can seize major growth opportunities by redesigning work, bringing in new talent, and pivoting their existing workforces to work with artificial intelligence (AI), according to a new repot by Accenture. The report, Future Workforce Survey – Insurance: Realizing the …

Insurers See Some Obstacles to Expanding Use of Advanced Analytics

Property/casualty insurers in the U.S. have big plans to boost their use of advanced analytics and data in their businesses in multiple ways, but there are potential roadblocks, according to a new Willis Towers Watson survey. Approximately 83 percent of …

Regulators Looking at Health Insurance Reform Options in North Dakota

The North Dakota Insurance Department is seeking to work with a consultant in order to perform actuarial and other analysis of state proposals to reform North Dakota’s individual health insurance market, the agency reported. The department said North Dakota’s individual …

The Safest and Most Dangerous Cities in the U.S.

Michigan has three and Florida two in a list of the top 10 most dangerous cities in the U.S. produced by a security industry group using FBI crime data. Based on average rate of violent crime per 100,000 population, the …

Commercial Insurance Renewal Prices Rose in April Except for Workers’ Comp: IVANS

Last month, major commercial lines insurance renewal premiums continued their upward trend except for workers’ compensation, which remains in negative territory for the year, according to the latest IVANS Index. Month over month, April’s increased were down from previous periods …

Auto Insurers Turn to Improving Digital Experience as Competition Intensifies

The battle among auto insurers to win and retain business is as heated as it has ever been. A combination of record-low volumes of new insurance shoppers, consistent price competition among insurers and emerging “insurtech” disruptors on the horizon have …