Commercial P&C market stabilizes with 5.1% average premium increase, with umbrella coverage leading increases and D&O rates leading declines, CIAB reports.
As insurers grapple with severe weather and emerging risks, advanced location intelligence offers solutions for the P&C industry, according to Nearmap.
Insurance industry poised for growth as 79% expect revenue increases and half plan workforce expansion in the coming 12 months, according to report by Jacobson Group and Aon.
As businesses face increasing ‘polycrisis’ threats, traditional risk management approaches need an update for today’s interconnected challenges, per a RIMS executive report.
Product recalls surge across key industries in 2024, with over 580 million units affected through September alone, Sedgwick’s quarterly analysis reveals.
Surge in telemedicine creates liability risks as providers grapple with coverage gaps and cybersecurity threats, reveals a survey of brokers by QBE North America.
Commercial auto insurers continue to face mounting losses and challenges, despite years of rate increases and underwriting initiatives, AM Best reports.
Flood adaptation measures are gaining focus among governments and insurers as research finds the benefit of investing in adaption outweighs cost of rebuilding after a disaster, reports Swiss Re.
Insurtech funding increases in Q3 2024, driven by life/health deals, AI-centered investments and a focus on core operations, according to Gallagher Re.
AI and machine learning models gain traction in climate risk assessment, but the insurance industry remains divided on accuracy, a survey by ZestyAI finds.
The reinsurance industry soared to new heights in 2023, fueled by investment income, underwriting profits and unrealized capital gains, a new AM Best stated.