Research
Expect $2-$3B In Annual Industry Losses From Japan Quakes: KCC
For insurers and reinsurers, the 1995 Kobe earthquake produced $3 billion in insured property losses, but a repeat of a more devastating quake that happened 72 years earlier could bring $225 billion ...
Carriers Experienced Costliest Two-Year Period Ever for Cat Losses: Aon
Global insured losses stemming from major wildfires, tropical cyclones and severe thunderstorms reached $90 billion in 2018, close to 50 percent higher than the annual average between 2000 and 2017, ...
Luxury Electric Cars More Likely to Cause Accidents Than Standard Engine Counterparts: AXA Research
Electric luxury cars and sport utility vehicles (SUVs) may be 40% more likely to cause accidents than their standard engine counterparts, possibly because drivers are still getting used to their ...
Speeding Is Riskiest of all Bad Driving Behaviors: Research
Speeding is the riskiest kind of aggressive driving, according to an analysis of data from on-board telematics devices in vehicles. Researchers at Canada's University of Waterloo examined data from ...
P/C Insurers Can Benefit From Increasingly Sophisticated Data Analytics Technology
There has never been a better time for P/C insurers to use data analytics as a tool to expand their underwriting reach into new markets and risk classes, Swiss Re said in its latest sigma report. The ...
Carrier Tech, Infracture Investments Drive Record Small Business Customer Satisfaction Levels: J.D. Power
Small business owners are reporting record levels of satisfaction with their insurance coverage, with carrier investment in products, service infrastructure, and technology likely driving the uptick. ...
Millennials Drive While Using Cellphones at Worse Rate Than Gen X, Boomers: Liberty Mutual
Auto insurance carriers remain wary of drivers who increasingly use their phones while behind the wheel. Millennials are the worst offenders, according to a new global driving study from Liberty ...
Only 42 Percent of H1 Global Economic Losses Were Covered by Insurance: Swiss Re
Natural catastrophes and man-made disasters in the first half of 2019 were responsible for $44 billion of economic losses globally, according to Swiss Re Institute's preliminary sigma estimates. This ...