Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Global P/C Industry Sees Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom
Jul 16 2021 // Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines will combine to push premiums 10% above pre-COVID-19-crisis levels this year,...
Coalition Enters Canadian Excess Cyber Insurance Market
Jul 15 2021 // Coalition, the San Francisco-based cyber insurance and security company, announced it will enter the excess cyber insurance market in Canada to help protect businesses with enhanced coverage. With the coverage, Coalition...
Consilium Unveils Delegated Underwriting Authority Services for Re/Insurance Market
Jul 9 2021 // Consilium, the London-based insurance and reinsurance broker, part of the Aventum Group, has unveiled “Exponential,” a new global delegated underwriting authority (DUA) service for coverholders, which aims to...
Cyber Insurance Industry in Crosshairs of Ransomware Criminals
Jul 7 2021 // In the past few weeks, ransomware criminals claimed as trophies at least three North American insurance brokerages that offer policies to help others survive the very network-paralyzing, data-pilfering extortion attacks...
Howden’s Data Analytics Unit, HX, Launches Insurance Market Information Platform
Jul 1 2021 // HX, the data analytics and advisory division of London-based Howden Group Holdings, announced the launch of NOVA, a first of its kind insurance business intelligence platform, which enables users to better understand the...
Prince Charles Launches Partnership with Insurance Industry to Tackle Climate Change
Jun 24 2021 // His Royal Highness the Prince of Wales launched his Sustainable Markets Initiative (SMI) Insurance Task Force during a visit today at Lloyd’s. The SMI Insurance Task Force, convened by Prince Charles and chaired by...
Construction Industry Hammers Away Amid Labor Woes, Rising Costs, Delays, Tough Insurance Market
Jun 21 2021 // It is not the best of times for the construction industry and its insurers. But neither is it the worst of times. The construction industry continues to face labor shortages, rising costs, supply chain woes and lingering...
Florida’s Altmaier Sees His State’s Private Flood Insurance Market Helping Others
Jun 7 2021 // Powered by InsuranceJournal.tv Florida has 90,000 private flood insurance policies in force now– a 300% increase since passing legislation to encourage private insurers to offer the coverage in 2014, according to...
Insurers Must Totally Reassess Approach to ‘Grim’ Cyber Insurance Market: AM Best
Jun 4 2021 // With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, “prospects for the U.S. cyber insurance market are grim,” according to an AM Best...
AM Best: Florida’s Property Insurance Market Hit 5-Year Financial Low in 2020
May 27 2021 // AM Best’s composite of Florida property insurance companies hit five-year performance and surplus lows in 2020, and given persisting and significant market hurdles, companies will find sustaining current surplus...
Patra Expands Leadership Team to Advance Technology-Enabled Services for the Insurance Industry
May 27 2021 // Matt Hewitt joins the leading insurance services provider as Corporate Development Officer. EL DORADO HILLS, Calif., May 27, 2021 – Patra, a leading provider of technology-enabled services for the insurance industry,...
The Entertainment Comeback Insurance Market Ready to Respond Despite Challenging Market Conditions
May 17 2021 // The ongoing effects of the COVID-19 pandemic continue to dampen the entertainment sector, but the industry and its insurance partners are gearing up for a comeback. In the U.S., the theatrical, home/mobile entertainment...
Social Inflation and Increasing Demands Drive Hard Market for Security Industry
May 17 2021 // As insurance markets harden across most lines, many in the industry are looking at the impact of social inflation: Increased litigation, broader contract interpretations and larger jury and settlement awards are driving up...
Shaping the Narrative of the P/C Industry
May 17 2021 // It is important to step back and take a 30,000-foot view of the macro context of today’s public policy challenges — specifically, the new tidal wave of socio-environmental awareness that the U.S. is...
For Some Buyers, Commercial Insurance Market Is Going to Get Better, Easier: Willis
May 3 2021 // North American buyers of commercial property/casualty insurance can expect an “ever-so-slight turn for the better” and a “less difficult marketplace” in the months ahead. However, global broker...
For Some Buyers, Commercial Insurance Market Is Going to Get Better, Easier: Willis
Apr 23 2021 // North American buyers of commercial property/casualty insurance can expect an “ever-so-slight turn for the better” and a “less difficult marketplace” in the months ahead. However, global broker...
Appalachian Underwriters Expands into Life Insurance Market with Fintech Ethos
Apr 21 2021 // Appalachian Underwriters, Inc. (AUI) has partnered with life insurance provider Ethos to offer the coverage via the fintech’s online platform. Agents can now quote customers’ life insurance without medical...
Lemonade Revving Up to Enter Car Insurance Market
Apr 20 2021 // Lemonade, the insurance company that uses artificial intelligence and behavioral economics, plans to add car insurance to its current renters, homeowners, pet and life insurance offerings in the U.S. The insurtech...
AM Best Maintains Negative Outlook on UK Non-Life Insurance Market
Apr 9 2021 // AM Best is maintaining a negative market segment outlook on the United Kingdom non-life insurance segment, citing economic uncertainty as a key headwind for UK non-life insurers. In addition, COVID-19-related lockdown...
Insurance Industry Showcases Philanthropic, COVID Relief Initiatives
Apr 9 2021 // The insurance industry nonprofit Insurance Industry Charitable Foundation (IICF) gave insurance industry leaders an opportunity to talk about their philanthropic initiatives at a recent media event. Leaders from AIG,...
