Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Too Soon for ‘All Clear’ in D&O Insurance Market as Banks Fall
Mar 21 2023 // D&O insurers breathed a short sigh of relief when the U.S. government pledged to protect depositors of failed Silicon Valley Bank last week. But it wasn’t necessarily business as usual for watchful underwriters...
4 Ways AI Can Benefit the Insurance Industry
Mar 15 2023 // This post is part of a series sponsored by AgentSync. Advancements in technology have given new life to the slow, inefficient processes common in the insurance industry. While the influx in AI-operated systems has some...
Markets/Coverages: Coalition Enters UK Excess Cyber Insurance Market
Mar 13 2023 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it will enter the excess cyber insurance market in the United Kingdom to help protect businesses with enhanced coverage. By...
Actions vs. Talk: Is the Insurance Industry Coming Through on DEI Commitments?
Mar 6 2023 // Though the last five years have included events – specifically the murder of George Floyd – that prompted many company leaders to make commitments to diversity, equity, and inclusion (DEI), respondents of a...
Cyber Insurance Market Back From Brink After Onslaught of Ransomware Attacks
Feb 27 2023 // The cyber-insurance market, battered by a rash of pandemic-era ransomware attacks, is making a comeback. Price hikes are moderating, new carriers and fresh sources of capital are emerging, and companies can better afford...
Marketing Data Can Reduce AI Bias in the Insurance Industry
Feb 20 2023 // Just a decade ago, the idea that artificial intelligence (AI) might play a role in everyday insurance practices may have sounded far-fetched. As a legacy industry with longstanding ways of doing things, many insurers kept...
Actions vs. Talk: Is the Insurance Industry Coming Through on DEI Commitments?
Feb 14 2023 // Though the last five years have included events – specifically the murder of George Floyd – that prompted many company leaders to make commitments to diversity, equity, and inclusion (DEI), respondents of a recent...
Earthquakes Deliver Another Blow to Turkey’s Re/Insurance Industry: Reports
Feb 8 2023 // Two powerful earthquakes, which hit southeastern Turkey on Feb. 6, 2023, deliver another blow to the local re/insurance industry, according to commentaries from AM Best and GlobalData. While it is likely that international...
After Florida’s insurance market failures, will Louisiana be next to fall?
Feb 6 2023 // Last week, a special session of the Louisiana Legislature passed and funded an effort to deter insurance companies from leaving the Pelican State after a raft of hurricanes wreaked havoc on the financials of several...
Business as Usual Won’t Work in a Hard Market: 4 Steps to Help Your Agency Come Out on Top
Feb 6 2023 // Prices are increasing. Customers are at risk of being underinsured. They have questions. And your phone is starting to ring more. Many agents were already struggling with staffing post-pandemic. But with historically...
Conning: Embedded Insurance Market Could Exceed $70B in Premium by 2030
Jan 26 2023 // Embedded insurance – a concept in which insurance is wrapped into the purchase of a product at the point of sale – could exceed $70 billion in premium by 2030, according a new report by Conning. This is on par with...
How Millennials Are Changing the Insurance Industry
Jan 11 2023 // This post is part of a series sponsored by AgentSync. Generally tech-savvy and data-forward, millennials are shaking up the insurance industry both as consumers and insurance professionals. Defined as those born between...
Five Non-Insurance Jobs for Millennials in the Insurance Industry
Jan 10 2023 // This post is part of a series sponsored by AgentSync. When you think of jobs in the insurance industry, what comes to mind? For most people, the first image is probably that of a licensed insurance agent (or broker,...
Beazley Launches Global Re/insurance Market’s First Cyber Catastrophe Bond
Jan 9 2023 // Specialist insurer Beazley has launched the global insurance market’s first cyber catastrophe bond. The $45 million bond gives Beazley indemnity against all perils in excess of a $300 million catastrophe event, with...
Not Time to Celebrate Soft Market but Commercial Insurance Rates Are Stabilizing
Dec 29 2022 // With last year’s 25% rate hikes for public directors and officers liability insurance dropping to 2.5%, and 150% hikes for cyber cover sinking to 25%, significant softening is forecast for some casualty lines in...
Florida Gov. DeSantis Signs Bill Seeking to Stabilize Insurance Market
Dec 19 2022 // Florida Gov. Ron DeSantis signed a sweeping property insurance bill on Friday. How much and when it will work to stabilize the stormy market are among the questions being asked. One of the key goals of the legislation is...
Most Small SUVs Flunk Updated Insurance Industry Crash Tests
Dec 14 2022 // Most small SUVs flunked the latest frontal crash tests done by the insurance industry, but oddly enough, they’re just as safe as they were before. That’s because the Insurance Institute for Highway Safety...
Q3 Combined Ratio for U.S. P/C Industry Highest in 5 Years
Dec 5 2022 // The U.S. property/casualty industry posted a combined ratio of about 106.6 in the third quarter — the highest in five years, according to an analysis by S&P Global Market Intelligence. “In addition to the...
Private Flood Insurance Market Growing; NFIP ‘Adrift’: AM Best
Nov 28 2022 // Hurricane Ian may result in one of the largest losses in the history of the National Flood Insurance Program and add to its current $20.5 billion debt. According to a market segment report from AM Best, the projected range...
Q3 Combined Ratio for U.S. P/C Industry Highest in 5 Years
Nov 23 2022 // The U.S. property/casualty industry posted a combined ratio of about 106.6 in the third quarter – the highest in five years, according to an analysis by S&P Global Market Intelligence. “In addition to the...
