Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Efma-Accenture Innovation Awards Offer View of Insurance Industry’s Transformation
Jan 12 2022 // Daniele Presutti, Accenture’s Insurance lead in Europe, and Silvia Milián, Accenture’s Insurance lead for strategy and consulting in Iberia discuss how the submissions to 2021’s Efma-Accenture Innovation...
Insurance Industry Predictions for 2022
Jan 5 2022 // This post is part of a series sponsored by CoreLogic. As if 2020 didn’t test the insurance industry enough, 2021 has proved to be yet another challenging year for property & casualty insurers. We saw significant...
FAIA Posts Infographics to Help Explain Florida’s Ailing Insurance Market
Jan 3 2022 // In an effort to increase awareness of the need for further reforms that could improve the state’s distressed property insurance market, an independent agents’ organization has released a set of infographics for...
Did Builder Groups Block Insurance Industry Move to Require More Storm Shelters?
Dec 27 2021 // A 2012 insurance industry proposal to make tornado shelters part of the building code for large commercial and residential buildings was blocked by construction and building management interests, the New York Times...
Fairness Testing: The Insurance Industry Needs to Align on Best Practices
Dec 21 2021 // This post is part of a series sponsored by TransUnion. Social and regulatory attention has been using fairness and equity as a lens to evaluate the outcomes of existing processes like insurance underwriting. For example, a...
National Insurance Industry Council Pressed on Through Pandemic to Help City of Hope
Dec 20 2021 // Insurance and fundraising are both people-facing endeavors, so one would think that COVID-19, with all of its lockdowns and distancing, would have killed the giving spirit for a charitable group like the National Insurance...
Chewy Chases Share of Growing Pet Insurance Market With Trupanion
Dec 8 2021 // E-commerce pet products company Chewy plans to begin selling pet health insurance plans from pet insurer Trupanion to its 20 million customer base. The insurance will be sold under the Chewy Health brand that includes...
Goosehead Insurance to Enter Life Insurance Market with Ethos
Dec 8 2021 // Independent personal lines insurance agency, Goosehead Insurance Inc., has enter into the life insurance space through an alliance with insurtech Ethos Life (Ethos). The company announced today that through...
AgentSync Secures $75M at a $1.2B Unicorn Valuation to Power Growth Across the Insurance Industry
Dec 7 2021 // Trusted by the fastest growing companies in insurance, AgentSync is the first insurtech SaaS unicorn focused on building infrastructure for the $1.3T US insurance market. New funds will support customer-driven demand and...
Gone Phishing: There’s No Vacation for Data Security in the Insurance Industry
Nov 16 2021 // This post is part of a series sponsored by AgentSync. The summer months can bring some much-needed time off for many in the insurance industry. But one thing that shouldn’t be taking a break is your emphasis on...
What Does Investing in Digital Mean for the Insurance Industry?
Nov 12 2021 // This post is part of a series sponsored by AgentSync. The insurance industry is notoriously behind on the digital uptake. But research suggests that following the COVID-19 pandemic, nearly nine in ten insurance executives...
Coalition Enters Executive Risk Insurance Market for Small Business
Nov 10 2021 // Coalition has launched new executive risks insurance products for small and midsize businesses. The directors and officers (D&O) and employment practices liability (EPL) coverages are underwritten by Zurich North...
AXIS Insurance Enters North American Pet Insurance Market With MGU Petplan
Nov 10 2021 // AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced it has entered the pet insurance market via its Accident and Health unit through a strategic relationship with managing...
Why Compliance as a Services (CaaS) Is the Insurance Industry’s Next Big Breakthrough
Nov 4 2021 // This post is part of a series sponsored by AgentSync. If you’ve spent any time in the insurance industry, “compliance” is undoubtedly a word you’ve heard far too often, yet also still feel largely...
Insurance Industry Told to Expect Global Average Annual Disaster Loss of $106B: AIR
Oct 26 2021 // The global insurance industry can currently expect a long-run annual average loss of $106 billion and a greater than a 40% chance of experiencing an annual loss of more than $200 billion in the next decade, according to...
Great Shakeout Highlights Dwindling Missouri Earthquake Insurance Market
Oct 20 2021 // Millions of Americans will participate in the Great Shakeout on Oct. 21, a day designated to earthquake education and awareness. Annually held on the third Thursday of October, the Great Shakeout encourages schools and...
Federal Government Seeks Insurance Industry Input on Climate Change
Oct 18 2021 // This post is part of a series sponsored by AgentSync. With flooding from hurricane Ida in the east and fires raging on the west coast as a backdrop, the U.S. Treasury Department issued a solicitation for input from the...
How Agents Can Help Clients with the State of the Insurance Market
Oct 18 2021 // One of Oak & Associates’ key clients in Oregon, Blake Schellenberg of RPIS wrote a newsletter to their clients outlining all of the rate increases they were seeing by line of business. RPIS’ management sent...
MGAs Can Build Broker Relationships – Even in a Hard Market: Aston Lark’s CEO
Oct 15 2021 // How can managing general agents build broker relationships during a hardening market when insurers have much less incentive to provide capacity? After more than 25 years as a broker, Peter Blanc, CEO of the Goldman...
Top 10 P/C Insurance Market Conduct Issues
Oct 13 2021 // The U.S. insurance industry’s top compliance shortcomings relate to claims handling noncompliance, including timeliness, required disclosures, payments and grievance and appeal processes—as well as underwriting,...
