Multiple converging forces from climate change to AI adoption are fundamentally reshaping how insurers assess risk and process property insurance claims, according to Sedgwick.
New research from the University of Alabama finds that FORTIFIED construction standards not only protect homes during major storms but also deliver financial benefits to property owners.
Premium renewal rates declined quarter-over-quarter across nearly all major lines, signaling shift from hard market conditions, according to Ivans Index.
Parametric insurance is rising fast as a flexible, fast-paying solution to coverage gaps—driven by climate risk, market shifts, and data-driven innovation.
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.