Data & Research
Western U.S. Wildfires Will Leave Insurers With a ‘Multi-Billion-Dollar’ Bill: Aon
Wildfires across the western United States will leave insurers with a "multi-billion-dollar" bill, Aon concluded in its September 2020 Global Catastrophe Recap. While it will likely take some time to ...
Claims Trends, Risk Exposures Face Long-Term Changes Due to Pandemic: AGCS
The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims trends and risk exposures are likely to evolve in both the mid- and ...
COVID-19 Fallout Creates Need for More Resilient Workforce, Fewer Employee Risks
COVID-19 has creating a new urgency to build a more resilient workforce and reduce the risks employees face with economic disruptions, according to a new report from Zurich and the University of ...
Pandemics Now Trump Climate Change as Top Insurance Industry Worry
Pandemics became the top concern for insurance professionals this year as the COVID-19 crisis roils the industry worldwide. Infectious diseases and pandemics were ranked as the most significant risks ...
InsurTechs Increasingly Viewed as Carrier Acquisition Targets: Deloitte
Carriers will increasingly target InsurTechs for acquisition and partnerships in the coming months due to pandemic-related economic uncertainty, Deloitte concluded in a new report. "As insurers move ...
Cryptocurrencies Increasingly Viewed as Risky by Financial Firms, Governments
Financial firms and governments overwhelmingly see cryptocurrencies as risky, a major survey found on Tuesday, with the potential for bitcoin and other digital tokens for use in money laundering and ...
Fewer Businesses Reduce Cyber Risks Even as More Worry About Them
The dynamic between businesses and the cyber risks they should be preventing or mitigating is becoming increasingly complex. A survey from The Travelers Companies Inc. found that cyber threats are ...
Overshadowed by COVID-19; Insurance Industry M&A Takes a Pause
Insurance industry M&A activity is on a temporary break due to uncertainties created by the COVID-19 pandemic, according to a new Deloitte report. "COVID-19 has forced many insurance carriers to ...