Surveys
Insurance Industry M&A Deals Hit $12.92B in December: GlobalData
Total insurance industry merger and acquisition (M&A) deals in December 2019 worth $12.92 billion were announced globally, according to GlobalData's deals database. The value marked an increase ...
Insured National Catastrophe Losses Dipped Nearly 20 Percent in 2019: Willis Re
Insured losses from major natural catastrophes in 2019 totaled roughly $53.0 billion, about 18 percent lower than the annual average since 2011, according to a report from Willis Re. This figure ...
Insured Losses, Economic Damages Set New Records Over Last Decade: Aon
The past decade broke new records in terms of economic damages and insured losses, according to Aon's latest catastrophe report. The costs to global economies reached $2.98 trillion between 2010 and ...
Drivers Display Effects of Recreational Pot Even When Not Intoxicated by It: Harvard Study
Recreational cannabis use affects driving ability even when drivers are not intoxicated by marijuana, according to a study from a Harvard Medical School hospital. Published in the Drug and Alcohol ...
U.S. P/C Insurers Enjoyed Underwriting, Surplus Gains in First 9 Months of 2019
The private U.S. property/casualty insurance industry saw its net underwriting gains increase to $5.4 billion in the first nine months of 2019 from $4.7 billion a year earlier, bolstered by growth in ...
Strong Competition, Claims Inflation Confront UK P/C Insurers: A.M. Best
Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation, according to a report published by AM Best. Companies have had ...
Cyber Ranks as Top Peril for Companies Globally for 1st Time: Allianz Survey
Cyber incidents rank for the first time as the most important business risk globally, pushing the perennial top peril, business interruption (BI), into second place, according to the Allianz Risk ...
AI Adoption High But Staffing an Obstacle for Carriers
Sixty-two percent of carrier professionals recently surveyed said their companies have already adopted artificial intelligence and machine learning initiatives, but a high percentage of those ...