Research
Market Trend: Millennials Buy More Flood Insurance Than Their Older Counterparts
Millennials — those born between 1981 and 1996— are nearly three times more likely to have purchased flood insurance than their older Baby Boomer counterparts born between 1944 and 1964, a new ...
Carriers, Lacking Resourcefulness, Increasingly Seek InsurTech Partnerships to Boost Digital Capacity
Carries seeking to boost their digital capacity for customer services will increasingly seek InsurTech partnerships to get the job done, predicts J.D. Power's 2019 Insurance Digital Experience study. ...
Large Shipping Losses Declined Rapidly in 2018, Reaching Record Low Levels
Large shipping losses declined by more than 50% in 2018 from the previous year – their lowest level this century, according to Allianz Global Corporate & Specialty SE's (AGCS) Safety & ...
U.S. Personal Lines Is on an Upswing, Driven by Auto Insurance Gains
U.S. personal lines insurance saw strong premium growth of 8 percent in 2018. What's more, the sector's statutory combined ratio of 99 for 2018 represented the market's best results since 2013, ...
Positive Progress for the Inland Marine Insurance Segment: A.M. Best
The inland marine insurance segment has grown steadily in the past decade in tandem with increases in construction spending and the transport of goods, with direct premiums written nearly doubling to ...
Beware of All the Added Risks That 5G Mobile Networks Will Bring: Swiss Re
Insurers and reinsurers alike should be wary about risks stemming from the new 5G mobile networks now being installed around the world, Swiss Re warns in its bi-annual SONAR report. You've heard ...
Tornado Surge Struck U.S. in April; Strong Storms Also Hit Other Global Locales
An elevated number of tornadoes in the U.S. contributed to a substantive list of global natural catastrophes in April, according to Aon's latest monthly Global Catastrophe Recap report. Standout ...
Carriers Over-Reliant on Federal Reinsurance Program Risk Ratings Downgrades: A.M. Best
A.M. Best warns that property/casualty insurers face the risk of rating downgrades if the U.S.-based federal terrorism reinsurance program isn't renewed by the end of 2020, and carriers are found to ...