Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Viewpoint: 4 Things Insurance Firms Can Do to Improve Efficiency, Data Use
Feb 20 2020 // Digital transformation is making it possible for the insurance industry to engage customers with personalized interactions that lead to products and services tailored to their individual insurance needs. Unfortunately, the...
Employment Liability Insurers See Plenty to Worry About, From Biometrics to Harassment
Feb 19 2020 // After Back to the Future 2 was released in 1989, moviegoers could observe Marty McFly as he traveled to his version of 2015 where fingerprints were used to identify a person, to unlock the front door of a house and to pay...
B3i’s Blockchain Platform Places 30 Reinsurance Contracts, Including Cat XoL Treaties
Feb 14 2020 // B3i Services AG, a two-year-old company owned by members of the insurance industry, announced that 30 contracts of reinsurance have been concluded on its platform, including some of the most complex catastrophe excess of...
Private Equity Still Driving Agency M&As
Feb 10 2020 // Digital Buys Getting Some Attention; Buyers Getting Bigger; Prices Going Higher; Eyes on Digital The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory...
20 Things to Know About Surplus Lines Insurance in 2020
Feb 10 2020 // As we embark upon a new decade, the surplus lines insurance market has never been stronger. Growth in specialty products and demand for insurance protection in an increasingly dynamic, technological climate necessitates a...
A Tale of Two Californias: Managing Wildfire Risk in the Year 2030
Feb 6 2020 // For most of the 20th century, the insurance industry considered wildfires to be little more than a benign nuisance. They occurred frequently but rarely resulted in more than a handful of claims, and underwriters priced for...
Global Insurance Industry M&A Total Reached $12.92B in December
Feb 5 2020 // 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 of 470.5% over the...
Best’s See Limited Non-Life Insurance Losses in China From Coronavirus Epidemic
Feb 4 2020 // Rating firm AM Best said it expects that China’s non-life insurance market will experience limited losses from the ongoing coronavirus outbreak. The analysts based their outlook on factors including the central...
Selective Insurance Launches Agency Management Collegiate Competition
Feb 3 2020 // Teams of students from seven universities throughout the U.S. today begin a month-long collegiate competition in which they will run virtual insurance agencies in a computer-simulated environment. The competition, called...
Pro Global and VIPR Form Partnership to Deliver End-to-End Solution for MGAs
Jan 30 2020 // Pro Global Holding Ltd., global re/insurance outsourcing and consulting specialists have formed a partnership with VIPR, a software provider that focuses on delegated authorities. This move will see the two combine their...
How should insurance commissioners get the job?
Jan 29 2020 // WARNING: This is a long one. Buckle in. Insurance Journal recently published an article detailing what action the Florida legislature is planning to take this year related to insurance. One item in particular caught my...
Is the Re/Insurance Industry Ready for the Fourth Industrial Revolution?
Jan 29 2020 // Industry transformations occur when the pain of staying the same is suddenly greater than the pain of changing, according to Karen White, CEO of RMS. “The second thing that has got to be present for those...
Industry Calls On Florida Lawmakers to Reform Lawsuit Abuse
Jan 27 2020 // Florida lawmakers are considering a number of insurance-focused issues over the course of the 60-day 2020 Legislative Session that started Jan. 14. At the top of the list for industry and consumer advocates are reforms to...
Indonesia to Tighten Oversight of Troubled Insurance Industry as Crisis Continues
Jan 24 2020 // With Indonesia’s oldest life insurer tottering on the brink of collapse following years of alleged mismanagement, authorities plan to tighten surveillance of the industry by overhauling regulations and setting up a...
How Broker Specialization Will Revolutionize Customer Experience: Viewpoint
Jan 23 2020 // In today’s landscape, forward-thinking agencies and brokers should avoid taking a one-size-fits-all approach by only targeting the general insurance market. The market is heading toward specialization, and the next...
State of Insurance Agency E&O Insurance Market: Managing Rates and Risks
Jan 23 2020 // Agency errors and omissions (E&O) coverage is likely the most important insurance policy an agency purchases. As customer demands rise to an all-time high, having the right E&O coverage and ensuring best practices...
Florida Legislative Preview 2020: Industry Calls On Lawmakers to Reform Lawsuit Abuse
Jan 16 2020 // The Florida Legislature started its 2020 legislative session this week and lawmakers are set to consider a number of insurance-focused issues over the course of the 60-day period. At the top of the list for industry and...
Tennessee Touts Insurance Market Growth; Cites $31M Recovered for Consumers
Jan 13 2020 // More than $31.4 million was located and returned to Tennesseans in combined life insurance benefits/annuities and monies returned through the department’s mediation efforts in 2019, according to the Tennessee...
2020 Insurance Industry Meetings & Conventions Directory
Jan 13 2020 // Welcome to Insurance Journal’s 2020 Insurance Industry Meetings and Conventions Directory. The information in this directory is taken from a larger database containing additional information on these and other...
January 2020 Reinsurance Renewals Varied Significantly, Brokers Say
Jan 13 2020 // The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by...
