Loss Experience Drives Prices During January Reinsurance Renewals: Fitch January 19, 2022 Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price increases during...
Number of Insurance Agency M&As Rose 30% in 2021: OPTIS Partners January 19, 2022 There were 1,034 announced insurance agency mergers and acquisitions in 2021, up 30% from 795 reported in 2020, according to...
UK Car Insurance Premiums Expected to Be Volatile in 2022: Survey January 19, 2022 The cost of a comprehensive car insurance policy in Britain is expected to be volatile this year, after rising 5%...
Cyber, Business Interruption, Natural Disasters Ranked as Top 3 Business Risks: Allianz January 18, 2022 A year of unprecedented cyber-attacks, business interruption and supply chain disruption, along with natural catastrophe activity has pushed these three...
Canada’s Insured Catastrophe Losses Exceed C$2 Billion in 2021: CatIQ January 14, 2022 Canada’s total insured catastrophe losses were C$2.04 billion (US$1.63 billion) to date, landing the year in the top five loss...
Workplace Class Action Payouts Unexpectedly Grew During Pandemic in 2021 January 14, 2022 The cost of settling workplace class-action lawsuits reached a record high in 2021, defying expectations that the COVID-19 pandemic would...
‘Cybersecurity Failure’ Named a Critical Global Threat in WEF Survey Report January 13, 2022 By L.S. Howard “Cybersecurity failure” was identified as a critical short-and-medium-term threat to the world by respondents of the World Economic Forum’s Global...
Reinsurers’ 2022 Profit Outlook Better Than Primary Insurers: Fitch January 13, 2022 By Susanne Sclafane The trailing impacts of premium and loss trends on the books of property/casualty reinsurers makes the 2022 outlook for reinsurers...
Thawing Permafrost Could Damage Up to 50% of Arctic Infrastructure: Report January 12, 2022 By Gloria Dickie Thawing permafrost could put as much as 50% of Arctic infrastructure at high risk of damage by 2050, requiring tens...
Climate Crisis Is Top Risk Facing World for Next Decade: World Economic Forum Survey January 11, 2022 By Alessandra Migliaccio There’s little faith in the global economic recovery accelerating, with officials and business leaders citing climate change and rising social...