Data & Research
P/C Carrier Job Tally Down 14K So Far in 2021
Unemployment levels increased across the insurance industry in the first half of 2021, with property/casualty insurance carrier employment figures revealing a drop of 14,000 jobs. Greg Jacobson, ...
Munich Re Reigns Supreme as Top Global Reinsurer: AM Best
Munich Re replaced Swiss Re as the largest reinsurer in AM Best's annual ranking of the Top 50 Global Reinsurance groups in 2020, marking a return to a position that it last held in 2017. Swiss Re ...
U.S. Commercial Auto Carriers Face Some Bumps on the Road to Profitability: S&P
U.S. commercial auto insurers face some blips and disruptions on their road to profitability due to inflation and the spotty post-pandemic economic recovery, according to a new Standard & Poor's ...
Hurricane Ida Could Cost Insurers as Much as $18B: Industry Experts
Insurers are bracing for a hit of about $18 billion from Hurricane Ida in the United States and the Caribbean, catastrophe modeling company Karen Clark & Co (KCC) said on Wednesday. The number, ...
Carriers Marketing Usage-Based Auto Insurance Have Multiple Obstacles to Overcome: S&P Analysis
Usage-based personal auto insurance may be drawing ever-increasing attention. Its wider adoption is stymied, however, by customer age and demographics, privacy concerns, misunderstanding about the ...
As COVID Cases Rise Again, U.S. Business Travelers Scale Back Travel Plans
With the COVID-19 Delta variant pushing infections higher again, U.S. business travelers are scaling back their travel plans, a new survey has determined. Approximately 67 percent of respondents said ...
Allstate, State Farm Top J.D. Power’s 2021 U.S. Small Commercial Insurance Customer Satisfaction Ranking
Allstate scored highest in J.D. Power's annual customer satisfaction ranking for U.S. Small Commercial insurers. The property/casualty insurer landed an 848 out of 1,000 points. State Farm grabbed ...
Reinsurance Rate Hikes Will Continue (and Moderate) in 2022: Fitch Ratings
Global reinsurers' underwriting performance will continue to improve in 2022 as premium rate increases take hold, with further rate hikes expected as a result of higher catastrophe losses, continued ...