Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Industry Trends to Exploit for 2023
Feb 6 2023 // Agency owners must watch and learn about major trends when they start. Following are the eight key trends that insurance agencies should be tracking for 2023. Insurtech Insurtech will continue to be the shiny object that...
10 Emerging Risks & Markets to Know About
Feb 6 2023 // Insurance Journal examined industries experiencing changes and a few challenges due to economic forces, tough insurance market conditions, and societal pressure. Here are 10 industry sectors that could see new and emerging...
North Carolina Rate Bureau Files for 28% Increase in Auto Insurance Rates
Feb 3 2023 // The North Carolina Rate Bureau is asking for a 28% increase in auto insurance rates for the state, an increase that will likely be slashed significantly by the state Department of Insurance. The average statewide increase...
Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend: Marsh
Feb 3 2023 // Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in Q3 and a 9% increase in Q2, which is a continuation of a trend of moderating increases that began in Q1 2021,...
Crypto Thefts Hit Record $3.8B in 2022 on Surge in North Korea Hacking: Report
Feb 3 2023 // Thieves stole a record $3.8 billion worth of cryptocurrency in 2022 as sanctions on North Korea drove a surge in suspected hacking by the Asian nation. Overall crypto losses increased from $3.3 billion stolen in 2021,...
Western Tankers Ramp Up Russian Oil Shipments as Prices Remain Below G7 Price Cap
Feb 1 2023 // Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held below an international price cap, according to market sources and Eikon data. The Group of...
Denial-of-Service Attacks Rise, Raising Concerns for Banks
Feb 1 2023 // Long considered a nuisance, distributed-denial-of-service attacks, or DDoS, are a growing problem for banks and other financial businesses, according to a new report. The volume of DDoS attacks targeting financial firms...
Rising Costs of Secondary Perils Force Reinsurers to Require Higher Attachment Points
Jan 31 2023 // Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils, which is leading reinsurers to require higher attachment points, according to...
S&P Predicts Reinsurers Will Continue Pricing Momentum During 2023
Jan 30 2023 // A hard market in short-tail lines – such as property and property catastrophe – across global geographies is likely to continue throughout 2023, after beginning the year with multi-decade-high pricing increases during...
French (Yes, French) Executives Are the World’s Worst Workaholics: Survey
Jan 30 2023 // Americans have popularized “hustle culture,” but it’s French executives who binge work the most, according to a new survey. Nearly four in ten French business leaders admit to working intense, long hours...
Legal & General’s Wilson to Retire After Decade as CEO
Jan 30 2023 // Legal & General Group Plc’s veteran chief executive officer is to retire after more than a decade at the helm of the insurer. Nigel Wilson has told the insurer’s board he “would like to retire from...
January Reinsurance Renewals Were Most Challenging in 2 Decades: MMC’s Doyle
Jan 27 2023 // The most challenging January reinsurance renewals in nearly two decades saw global property catastrophe rate increases of 25% to 60% with loss-affected clients facing even higher prices, according to John Doyle, president...
Elizabeth Benhart and Cameron Alford Selected for 2023 Emerging Leaders Cohort
Jan 26 2023 // January 26, 2023, Austin, TX – The National Alliance for Insurance Education & Research proudly announces the selection of Elizabeth Benhart, Senior Director of Instructional Design; and Cameron Alford, UACRM, ARM,...
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...
Construction Industry Outlook 2023: Pivot to Pursue Growth in the Face of Macroeconomic Headwinds
Jan 26 2023 // This post is part of a series sponsored by IAT Insurance Group. The potential for recession, continued inflation, critical labor shortages and supply chain issues will loom large over construction in 2023. Additionally,...
Hardening Construction Market Gives Way to Rise of Captives
Jan 25 2023 // Amid a historically hard construction market, middle and large-sized companies looking for alternatives to traditional insurance may turn to captives to find stable pricing and greater capacity. Captives, licensed...
Report Says Social Inflation Adds Up to 11% to Physician Malpractice Claims
Jan 25 2023 // Social inflation accounts for 8% to 11% of all medical malpractice losses for carriers that insure physicians, according to an actuarial analysis commissioned by The Doctors Co. TDC hired Moore Actuarial Consulting to...
The History of Health Insurance: Past, Present, and Future
Jan 25 2023 // This post is part of a series sponsored by AgentSync. Health insurance (officially called “accident or health and sickness”) is one of the major, or general, lines of authority (LOAs) defined by the National...
Washington Insurance Commissioner’s Report on Utilities’ Liability Shows Increased Costs, Exclusions
Jan 23 2023 // The Washington Office of the Insurance Commissioner recently delivered a report to the state Legislature and governor on the liability insurance market for electric utilities in Washington. The OIC worked with the...
2022 M&A Activity Falls, But Still Could Rank as Second Highest On Record: Report
Jan 23 2023 // Berkshire Hathaway’s $11.6 billion acquisition of Alleghany Corp. was the largest insurance transaction in 2022 but insurance M&A activity dropped overall this year, according to an S&P Global Market...
