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...
Natural Disasters Cost Insurers $120B in 2021. Munich Re Points to Climate Change Link. January 10, 2022 Natural disasters across the globe caused economic losses of US$280 billion in 2021, of which roughly US$120 billion were insured,...