Data & Research
COVID Crisis Hurts Global Macro Resilience, Widens Insurance Protection Gap: Swiss Re
The COVID-19 crisis reduced overall global macro resilience – or the ability of societies to absorb shocks – by 18% in 2020 from 2019, according to a sigma report published by Swiss Re Institute. ...
Many Consumers Never Knew About Pandemic Auto Insurance Premium Givebacks: J.D. Power
During the COVID-19 pandemic, auto insurers voluntarily returned more than $18 billion in premiums to address the drastic reduction in driving. It turns out all that extra money didn't make consumers ...
For Insurers, Hedge Funds Prove to Be a Stable Investment Vehicle: A.M. Best
Hedge funds are proving to be steady investment vehicles for some insurers, particularly after financial market instabilities during the coronavirus pandemic, A.M. Best said in a new report. In fact, ...
U.S. Insurers Slammed in May by Hail, Tornado, Wind and Floods
Many U.S. insurers face a multi-billion-dollar payout from May's convective storms, which spawned extensive hail, tornado, wind and flood damage across a series of separate events during the month, ...
U.S. Commercial Insurance Price Hikes, as Predicted, Start Slowing Down in Q1
U.S. commercial insurance price hikes showed no sign of letting up in the 2021 first quarter, though a predicted moderating of the increases is starting to happen. Willis Towers Watson calculated ...
Insurers Accelerate Their Flight to the Cloud: Novarica
Insurers are largely planning to expand their cloud usage into new areas in the coming months, according to a new Novarica study. Approximately 75 percent of insurers said they would expand their use ...
Big Picture Leaders Less Likely to Invest in Unfamiliar Cutting-Edge Tech
Forget the 30,000-foot, big-picture view. When faced with a cutting-edge technological idea, business leaders who approach the idea in more concrete "how" terms—rather than in abstract "why" ...
Despite Pandemic, 2020 U.S. Traffic Deaths Highest In 13 Years
Even though Americans drove less in 2020 due to the pandemic, early estimates of crash fatalities from the U.S. Department of Transportation's National Highway Traffic Safety Administration released ...