A new report from Technavio revealed that the aerospace insurance market is poised for growth, with an expected increase of US$763.67 million from 2023 to 2027. During this forecast period, the market is projected to advance at a compound annual growth rate (CAGR) of 4.36%.
A study from the University of Cambridge Institute for Sustainability Leadership (CISL), supported by risk analysis from the global insurance group Howden, indicates that the smallest and most vulnerable nations could lose more than their entire GDP due to extreme climate events in the coming year.
The Federal Reserve held interest rates at a 22-year high for a second consecutive meeting, amid a backdrop of a growing economy and labor market and inflation that is still well above the central bank’s target.
The J.D. Power 2023 US Auto Claims Satisfaction Study found that customer satisfaction with the auto insurance claims process has not waned despite longer repair times.
A new report from MarketScout revealed that the composite rate for personal lines across the United States stood at 4% for the third quarter of 2023. In the same quarter, commercial insurance rates saw an increase of 3.72%, compared to 5% in the second quarter.
Hong Kong-based global reinsurer Peak Re has released its financial results for the first half of 2023, covering the six months ending on June 30.
Chaucer, a global specialty (re)insurance group, has released a report into cartel insurance, revealing a rise in the demand for coverage across Latin America following a rise in the number of high-profile incidents in the region.
Lloyd’s - the world’s leading marketplace for insurance and reinsurance which was recently recognised among the top 40 global reinsurers – today posted its results for H1 2023, which was described by CEO John Neal as a “very strong” six months.
Global reinsurers are reducing their coverage for medium-sized natural catastrophe risks, according to a report by Fitch Ratings.
Aon has reported its financials for the second quarter ended June 30, 2023. The global broking giant saw a total revenue increase of 7% to $3.2 billion, including organic revenue growth of 6%.
The global risk analytics market was valued at $35.65 billion in 2021 and is expected to grow at a compound annual growth rate of 7.54% between 2023 and 2030, reaching $72.98 billion by the end of the forecast period, according to Verified Market Research, a global research and consulting firm.
Global broker WTW has announced the launch of a financial product targeting clients looking to protect their intangible assets.
The Federal Reserve on Wednesday decided against what would have been an 11th consecutive interest rate increase as it measures what the impacts have been from the previous 10. But this decision came with a projection that another two quarter percentage point moves are on the way before the end of the year.
International insurance giant Generali has today announced its Q1 2023 trading results, revealing a 1.3% bump in its gross written premiums (GWP) to €22.2 billion (approx. £19.28 billion). In a results release, Generali credited this increase to robust growth in its P&C segment (up 10.1%).
Global economic losses for natural disasters hit an estimated US$77 billion (about £61.9 billion) in the first quarter – the highest Q1 total in a dozen years, according to a new report from Gallagher Re.
