Insurance Industry Told to Expect Global Average Annual Disaster Loss of $106B: AIR October 26, 2021 By L.S. Howard The global insurance industry can currently expect a long-run annual average loss of $106 billion and a greater than a...
Analysts Say U.S. Labor Shortage Could Last a While October 26, 2021 By Caroline Valetkevitch Labor shortages may be the most intractable of the cost risks that U.S. companies faced in the latest quarter, and...
Global Commercial Insurance Rates Rise 15% in Q3 as Moderation Continues: Marsh October 26, 2021 Global commercial insurance prices increased 15% in the third quarter of 2021, which was the same rate of increase recorded...
Reinsurance Price Increases Support Improving Outlook for Sector: Fitch October 26, 2021 Reinsurers’ plans to continue raising premium rates during the January 2022 renewals are likely to contribute to stronger profitability and...
Bermuda’s Tax Advantage for Re/Insurers to Be Cut With 15% Global Minimum Tax: Fitch October 22, 2021 Bermuda’s advantageous tax status for the re/insurance industry will be reduced at the margin with the expected passage of the...
Business Owners’ Risk Management Acumen Falls Short in Modern Era: Broker October 21, 2021 In an era of increased business risk, the owners, CEOs and founders of small-medium enterprises (SME) and technology startups are...
Whoa! Horse Riding Is Riskier Than Football, Auto Racing or Skiing? October 19, 2021 The risk of an injury is higher for horse riding than for other potentially risky sporting activities, such as football,...
Insurance Agency M&As Up 13% Thus Far in 2021: Optis October 19, 2021 There were 553 announced insurance agency mergers and acquisitions during the first three quarters of 2021, up from 490 in...
Mobility Sector Will Need New Insurance Products to Continue to Grow: Marsh October 18, 2021 For the sharing economy and mobility sectors to continue to grow, they will need new forms of insurance, including programs...
Canary Islands’ Volcanic Eruption Reminds Insurers of Challenges of Non-Modeled Perils October 18, 2021 The ongoing eruption of the Cumbre Vieja volcano, located on the La Palma Island in the Canary Islands archipelago of...