US auto insurance rate increases The countrywide average will have increased by double digits in back-to-back years if this trend continues for the remainder of 2025. For several years prior to the ...

Global reinsurers delivered strong results in the 2024 with further improvement in underwriting profitability, exceptional ROEs. The underlying underwriting margin increased from 2.7% a year ago to 4% ...

The U.K. Financial Conduct Authority (FCA) has partnered with NVIDIA Corp. to provide regulated financial firms with access to the company’s computing infrastructure and enterprise AI software. The ...

Canada’s Office of the Superintendent of Financial Institutions (OSFI) launched three consultations and introduced changes to the Life Insurance Capital Adequacy Test (LICAT), as part of its Spring ...

The Bloomberg Billionaires Index ranks the world’s richest people globally, updating their net worth daily based on stock market performance, economic conditions. Beinsure Media analyzed Bloomberg’s ...

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 ...

As electric vehicles (EVs) gain popularity, the insurance industry is also adapting to meet the unique requirements of eco-conscious drivers. Standard auto insurance policies do not adequately address ...

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 ...

A consortium led by Allianz SE, BlackRock, and Japan’s T&D Holdings will acquire Viridium Group, a German life insurance consolidator, for €3.5bn from private equity firm Cinven. Generali Financial ...

The International Group of P&I Clubs (International Group or IG) collectively reported a record high level of free reserves in 2023/24 driven by high investment returns, mainly due to the reversal of ...

Compare monthly rates for pet insurance across various providers. For minimum coverage, rates start at $28 with State Farm and go up to $33 with Allstate and Nationwide. For full coverage, prices ...

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 ...