Insurance Telematics Market to Reach $41.3B by 2034 with North America in Lead
Explore how the insurance telematics market is set to grow to $41.3 billion by 2034, driven by UBI models, cloud computing advances, and North American market leadership.
Explore how the insurance telematics market is set to grow to $41.3 billion by 2034, driven by UBI models, cloud computing advances, and North American market leadership.
Florida homeowners confront soaring insurance premiums as Slide Insurance CEO earns $50M amid company acquisitions and state market shifts.
Travelers Institute launches a multi-year initiative focused on insurance availability, affordability, and regulatory impacts in the US market. Key events and industry collaboration are planned.
The U.S. property/casualty insurance sector posted $11.2B in net underwriting income for H1 2025, driven by premium growth and investment income despite rising catastrophe losses and lower capital gains.
State Farm appoints Joe Park as EVP and Chief Digital & Information Officer to lead technology and innovation, advancing digital services in insurance.
Record-high insurance rates in 2024 drive unprecedented auto policy shopping, challenging insurers to enhance customer retention strategies amid rising costs.
Marco Capital expands its European P&C run-off insurance portfolio with the acquisition of Benteler Reinsurance Company DAC, enhancing its strategy to rationalize non-core insurance entities.
In 2024, the global ocean hull insurance market grew 3.5% in premiums to $9.67 billion, with significant exposure from an aging fleet and new risks from alternative-fuel vessels and geopolitical tensions. Asia-Pacific made up 35% of premiums.
Verisk's 2025 report highlights a 25% rise in global annual catastrophe losses driven by frequent smaller events. NJ's workers' comp sector emphasizes specialized Managed Care Organizations for improved occupational injury care and claim outcomes.
U.S. used car auction prices held steady in August, but long-term tariff effects on new car costs signal potential price increases. Market watchers should track these inflation and trade-driven dynamics.