Global Economy Archives - Carrier Management

Security Budgets Expected to Increase as Businesses Deal With Theft, Fraud

Almost half of security chiefs at the world's biggest companies expect to increase their budgets significantly in the next year as they see economic and social unrest driving more cases of theft, ...

Aon: Global Disasters Push Economic Losses to a 21st Century High at $194B

A new report estimates $194 billion in economic losses due to global disasters for the first half of 2023. According to Aon's H1 2023 Global Catastrophe Recap, this is well above the 21st century ...

Marsh: Global Commercial Insurance Pricing Up 4% in Q4 2022

Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in the third quarter and a 9% increase in the second quarter, according to the Global Insurance ...

Gallagher Re: InsurTech Funding Falls to Lowest Quarterly Level Since 2020

At $1.01 billion, global InsurTech investment fell in the fourth quarter of 2022 to its lowest quarterly level since the first quarter of 2020 and declined 57.0% from the third quarter of 2022, ...

Fewer Companies Are Paying Ransoms to Hackers, Researchers Say

Fewer companies that are infected with ransomware are coughing up extortion payments demanded by hackers, according to new research from Chainalysis Inc. In findings published on Thursday, the ...

Recession Early Warning: More Misleading Earnings Reports

In the United States, publicly traded companies are required to report their recent financial performance, whether good or bad, to the public. The accuracy of these reports is critical for investors, ...

European Countries Face Strikes, Protests Due to High Energy Prices, Cost of Living

European countries are facing strikes and protests due to high energy prices and mounting costs of living. Here are details of some recent and current industrial actions and ...

Reshoring to Generate $30B in Commercial P/C Premiums by 2026: Swiss Re

Swiss Re predicts that deglobalization will generate $33 billion in new commercial property/casualty insurance premiums by 2026, according to its latest sigma report: "Maintaining resilience: the ...

$7T in Premiums, Continued Hardening and Inflation’s Silver Lining: Swiss Re

Swiss Re's economists predict "inflationary recessions" hitting major world economies over the next 12-18 months, and while recessions spell less insurance demand and inflation means higher claim ...

California Puts Truckers in Gig-Work Legal Limbo Choking Supply Chains

About 70,000 truck owner-operators who form the bedrock of California's transport industry are in limbo as state-level labor rules start applying to them, creating another choke point in stressed US ...