INSURASALES

Rising Insurance Costs Drive Record Auto Policy Shopping in 2024

Record-high insurance rates in 2024 drive unprecedented auto policy shopping, challenging insurers to enhance customer retention strategies amid rising costs.

Marco Capital Acquires Benteler Reinsurance to Expand P&C Run-Off Portfolio

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.

Global Ocean Hull Market Sees Rising Premiums Amid Aging Fleet and Emerging Risks

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 Reports Sharp Rise in Catastrophe Losses; NJ Workers’ Comp Managed Care Focuses on Specialized Networks

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.

WTW and Sompo Holdings Partner to Implement Radar AI in Auto Insurance Pricing

WTW and Sompo Holdings partner to deploy AI-powered Radar technology, transforming auto insurance pricing and underwriting with advanced data analytics in Japan and beyond.

1891 Financial Life Seeks Board Candidates to Guide Strategic Future

1891 Financial Life is recruiting new board members to enhance governance and advance its mission in faith, family, community, and financial protection within the insurance industry.

Swiss Life Advances Customized Life Insurance Solutions for Asia's HNW Market

Swiss Life strengthens its position in Asia's high-net-worth insurance market with tailored VUL and PPLI solutions, emphasizing long-term wealth planning, regulatory clarity, and tax-efficient asset transfer across Singapore, Hong Kong, and other key markets.

Penn Mutual Recognized Among 2025 Best Workplaces in Financial Services & Insurance

Penn Mutual earns a spot on the 2025 Fortune Best Workplaces in Financial Services & Insurance list, recognized for a strong workplace culture and employee trust.

Effective Life Insurance Planning for Growing Families

Explore vital strategies for life insurance planning tailored to growing families, focusing on guardianship, childcare, and long-term financial stability to secure your family's future.

U.S. Stocks Steady Amid Weak Job Growth; UnitedHealth Group Up on Medicare Advantage Outlook

U.S. stock markets were flat after weak job growth data raised rate cut odds. UnitedHealth forecasts strong Medicare Advantage enrollment while AI firms Nebius and CoreWeave post gains. Copper miner merger creates industry shift.