Direct premiums written (DPW) for U.S. total automobile insurance surged by 13%, reaching $383 bn, as revealed by AM Best’s Ranking. This growth reflects a dynamic and competitive landscape among the ...

The P&C insurance industry has experienced challenges in recent years due, in large part, to increases in the frequency and severity of natural catastrophes, as well as a tightening reinsurance market ...

US auto insurers are racing to increase premium rates as they seek to offset historically poor underwriting results. The year-to-date nationwide average increase for private auto insurance is 16% in ...

Direct premiums written in the U.S. private passenger automobile liability market grew 13% to $162 bn. Many leading companies maintained their top 10 positions, according to AM Best. Beinsure Media ...

Economic losses from natural catastrophes in the EU are rising due to increased economic exposure and the growing severity of climate-related disasters. Between 1981 and 2023, NatCat events caused ...

The European insurance sector’s risks remain stable at medium levels, with some vulnerabilities linked to market volatility and fluctuating real estate prices, according to EIOPA’s Insurance Risk ...

The insurance industry, long perceived as traditional and often bogged down by complex paperwork and delayed claims, is on the cusp of a transformative revolution. This change is being driven by ...

Insurers in Central and Eastern Europe and Italy are facing estimated losses of €1.886 bn from Storm Boris, which brought devastating floods to the regions, according to Perils. Storm Boris swept ...

The U.S. life insurance industry saw a 13% increase in pretax operating income in 2024, driven by higher interest rates and strong investment returns, despite a slight decline in interest margins, ...

Employer medical and health insurance costs are higher than they’ve ever been and are increasing at rates that have not been seen in nearly a decade. In 2023, costs were projected to increase by 9.2% ...

Allianz SE has announced strong financial results for the third quarter of 2024, with a 13.6% increase in operating profit, reaching €3.9 bn. The impressive performance is largely attributed to the ...

The insurance-linked securities (ILS) market reached a record $107bn in capacity by the end of 2024. AM Best Director of ILS Matt Tuite attributes this expansion to strong investor returns, rising ...