Markets
Q3 2023 Signals Six Years of Premium Increases for Commercial Lines: CIAB
Overall commercial property/casualty premiums increased slightly more than 8 percent on average in the third quarter, marking six full years of steady increases. According to The Council of Insurance ...
Edmunds: GM Super Cruise Leads in Hands-Free Driving Systems
While fully automated vehicles are still a ways off, the stepping stone of hands-free driving technology has become prevalent in the past few years. These assist systems allow drivers to take their ...
Reinsurance Market Outlook ‘Stable’ on Improved Rates, Higher Demand: AM Best
Substantial rate improvements, higher attachment points and rising investment income are combining with increased demand for reinsurance cover to create a stable outlook for the global reinsurance ...
Hard Reinsurance Market Fuels Innovation in Risk Transfer
Over the last two years, insurers have been dealing with the most disrupted property reinsurance market since 1992. As was the case in the post-Andrew era, reinsurers have abruptly hiked coverage ...
Allstate’s Telematics Strategy: Responding to Evolving Customer Needs
When consumers decide what to buy, they want companies to treat them as individuals: "Do you know my unique needs?" and "Will you be there for me when I need you?" For insurers, the answer to these ...
Repeat, Repeat and Repeat Again: How The Hartford Embeds IoT Capabilities in Commercial Insurance Businesses
The world is progressively witnessing heightened interconnectedness. Sensors present in physical objects capture data and link to digital communication networks. The data can then be analyzed, ...
Nationwide Insurance: Using a Decade of Learnings to Create Next-Generation Telematics Solutions
Telematics insurance has traversed more than two decades, cycling through phases of curiosity, dedication and subsequent disappointment. Only recently has the U.S. auto insurance sector acknowledged ...
Report: Auto Insurance Shopping Cools
The quarterly, year-over-year U.S. auto insurance shopping growth rate declined to -1.2 percent in Q3 2023, down from a 5.2 percent increase in Q2 2023, as rate increases and tightening budgets ...