Premium renewal rates declined quarter-over-quarter across nearly all major lines, signaling shift from hard market conditions, according to Ivans Index.
Everyone seems to be parametric insurance-curious these days. The modern parametric insurance policy structure, which pays out if a particular event occurs, has only been around for a few decades, but it has found wide acceptance from carriers, brokers and insureds based on its certainty and flexibility. James Doona, senior vice president with… View Article
Rising geopolitical fragmentation threatens risk diversification while investment yields and demographics offer offsetting opportunities, according to Swiss Re.
Average rate increases ease to 2.8% from first quarter’s 3% rise, with commercial property insurance showing improvement, according to Novatae’s Market Barometer.
Despite improved defenses, rising coastal populations and climate change threaten to offset two decades of resilience investments, Swiss Re Institute analysis shows.
New technology deployments and extended forecast capabilities aim to improve storm tracking as experts anticipate 3-5 major hurricanes during continued “high activity era.”
Rising exposure values, climate change, and urbanization drive continued growth in catastrophe costs as insurance industry prepares for potential record-breaking loss scenarios: Swiss Re.