Tag: Risk Management

Insurance Telematics Market to Reach $41.3B by 2034 with North America in Lead

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.

Travelers Institute Launches Initiative to Address US Insurance Market Challenges

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.

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.

NAIC Summer 2025 Meeting Advances Reinsurance, Investment, AI Oversight

Summary of NAIC Summer 2025 Meeting covering life reinsurance asset adequacy testing, offshore reinsurance risks, funding-agreement-backed programs, AI regulatory frameworks, and updates on insurance investment monitoring and accounting.

AM Best Downgrades Erie Insurance Group Property/Casualty Ratings, Affirms Erie Family Life

AM Best downgrades Erie Insurance Group's property/casualty credit ratings from A+ to A, citing underwriting losses and weather claims impact. Erie Family Life's rating affirmed.

Mercury Insurance Emphasizes Fall Home Maintenance to Reduce Claims

Mercury Insurance highlights simple fall home maintenance steps to reduce weather damage claims and protect homeowners this autumn.

AvonRisk Acquires AS&G to Boost Claims Admin in Southern US Markets

AvonRisk acquires AS&G Claims Administration, expanding their claims management and workers' compensation services in Texas, Louisiana, Mississippi, and Alabama. AS&G retains its leadership, enhancing AvonRisk's service offerings to public entities and self-insured employers.

Specialized Insurance and Energy Independence Shape Risk Management Trends

Explore how insurance specialization and corporate energy independence are transforming risk management with tailored solutions and advanced risk engineering approaches.

Moody's Survey Signals Rate Reductions and Rising Demand in 2026 U.S. Property Reinsurance

Moody's 2025 survey reveals expected declines in U.S. property reinsurance rates for 2026 amid rising demand and stable attachment points, offering key insights for insurers and reinsurers.

Key Leadership Changes Signal Innovation in U.S. Insurance Sector

Explore recent senior leadership appointments at Moody's, RT Specialty, LexisNexis, and InsurePay highlighting innovation and strategic growth in U.S. insurance analytics, underwriting, and technology.