Rising living costs and recession fears are causing Americans to reduce auto and home insurance coverage, with significant rate hikes expected in 2025 by major insurers.

U.S. auto insurance premiums have surged over 50% since 2019, boosting insurer profits but causing customer satisfaction to decline. The J.D. Power 2025 study reveals retention challenges and the importance of seamless omnichannel experiences.

The global supplemental health insurance market is forecasted to grow 5.8% by 2034, driven by aging populations and rising healthcare costs. Major U.S. insurers are expanding product offerings amid regulatory and market challenges.

Northwestern Mutual study reveals younger Americans focus more on wealth building than life and disability insurance, highlighting a gap in risk protection awareness and advisor engagement.

Auto insurance shopping rose 10% in Q1 2024, driven by higher-risk consumers and traditional risk-based rate adjustments, with key factors like driving records and credit scores influencing premiums.

TransUnion reports a 10% rise in auto insurance shopping in Q1 2025 led by higher-risk consumers, alongside significant demographic shifts in homeownership and increased natural disasters impacting property insurance costs.

The Capgemini report reveals how global aging will reshape the US Property and Casualty insurance market by 2050, emphasizing demographic impacts, climate-related risks, and AI-driven underwriting evolution.