The insurance industry needs a new approach and novel solutions to support the cyber market.
Insurers worry about increases in volume and speed, bodily injury possibilities and a higher frequency of losses from container or cargo damage within ports.
Inflation across the economy could eat into investment margins that have dropped incrementally for the past decade from low interest rates. The open question is: Just how long could it be?
Looking forward, housing demand will remain strong, but not at the same pace seen in the last 12 to 18 months.
Due to different policy language, it is difficult to identify clear trends and patterns in the law.
COVID-19 has created bottlenecks in ports and disrupted supply chains, thereby creating challenges for marine insurers and reiterating the need for communication and building close relationships with suppliers.
Insurance executives and industry experts discuss how social change is driving opportunity.
Insurers say they’re working to reach consumers of all backgrounds now that social change is driving opportunity.
Certain data, such as credit scores, are considered inherently biased and can have unintended consequences, according to a panel of industry leaders and analysts.
Insurers are implementing companywide initiatives, employee resource groups, recruiting and internship programs and community outreach to create a diverse, inclusive workplace culture and heterogeneous workforce.
Life insurers posted their biggest sales gain since 1983 during the first half of 2021, as they hoped to leave behind a year marked by uncertainty caused by the pandemic. But is it a one-off gain or the beginning of a sustained trend for an industry that was fighting the “low-for-long” interest rate environment even before a novel disease upended life as we know it?
Novel classes of risk on the horizon could create a situation that is just too large for the insurance industry to handle on its own. Partnerships between the public and private sectors, such as those in Florida and California, could step in as needed to fill any gaps.
The anticipated rise of space tourism and several billionaires’ recent ventures into space have insurers examining products that for the first time would offer bodily injury coverage to spaceflight travelers.
AM Best: All three companies have expanded rapidly in recent years. The five-year annual compounded membership growth rate was 48% for Oscar and 52% for Clover; the annual compounded growth rate for Bright Health was 165% over its three most recent years of operation.
Homeowners writers in California are bound by the state’s far-reaching and retroactive rules regarding policy non-renewals and cancellations.
This sector is adding term life, pet insurance and electric scooter coverage to its array of products.
Jury awards have gotten out of hand. Insurers and their corporate customers need to pressure legislators to rein in nuclear verdicts.
The 7% increase is wholly attributable to the rises in traditional reinsurance capital.
One expert says brokers should provide clients with advice—and then defend themselves in court as experts if they are faced with an errors & omissions claim.
The company’s workers’ comp report also found while older workers have a lower frequency of claims, their injuries are more severe.
The November issue also includes coverage of the homeowners insurtech sector, AM Best’s exclusive ranking of homeowners insurers and an excerpt from an AM Best report on three early stage health insurers.
Arthur J. Gallagher & Co. said CMA’s move is part of the usual regulatory oversight for any significant acquisition.
Insurers are ranked by 2020 direct premiums written.
Writers are ranked by 2020 direct premiums written.
Total pre-tax investment returns are provided.
Safe2Work can help “overworked HR departments” wade through the COVID-19 crisis, the app’s creators say.
Author offers a look at how insurers supported the expansion of American maritime expertise and economic development.
Also, Buckle appoints first chief people officer and new European Insurance Advisory Board chairperson begins five-year term.
Aflac teamed up with two football legends to talk about its mission, and Gainbridge’s name is now part of two basketball teams’ home arena.
AM Best also issues a report on U.S. property/casualty mutuals and comments on six-month 2021 results for property/casualty and life/annuity.
Professionals also discuss underwriting trends in the cyber and property markets as well as active risk management programs.
Spartan Plan VA, Fidelity Mohawk and Wilson Mutual are among the U.S. life/health and property/casualty insurers that have experienced a corporate change.
Pricing, lack of historical data and capacity are many of the challenges cyber writers are facing.
USAA and Progressive lead web analytics provider Semrush's ranking of the top U.S. Homeowners Multiple Peril Writers based on 2020 direct premiums written.
Also, industry professionals discuss the U.S. life insurance protection gap and the rise of indemnity claims during the COVID-19 pandemic.
|Cyberattacks: Insurers Defend Against Ransomware|
|Life Insurance Sales Are Up, But for How Long?|
|Top Global Insurance Brokers - 2021 Edition|
|Advancing Technology Exposes Insurers to Bias Risk|
|New Ransomware Worry: Insurance Can Present Solutions and Problems for Cybersecurity|
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