Insurance

Insured losses from natural catastrophes could soar to $145 billion this year as population growth, urban sprawl and climate change combine to supercharge risks, according to a report by Swiss Re Institute.

The top five insurance companies have an average life insurance market share of 6.01% as of December 31, 2024.

Growth in premiums flattened in the past two years after steep growth, but new MGA entrants in the space could fuel another rise.

Homeowners class action plaintiffs will depend on finding evidence of conspiracy in discovery process, a legal expert said, but the large scope and cost of discovery, as well as difficulty getting a summary judgment, are likely to lead defendant companies to settle.

AI's ability to synthesize large amounts of data is providing key insights for diagnosing cancer and other health-related issues.

By leveraging vast amounts of data from multiple sources, insurers can analyze customer behaviors and risk factors in real time.

Catastrophes significantly increase claim volume and severity, resulting in extended claims cycles and frustrated policyholders.

Chubb CEO Evan Greenberg called for a "coherence of policy" to dispel confusion around President Donald Trump's approach to trade.

Dr. Bradley Heltemes, VP and medical director of R&D at Munich Re Life US, and Dr. Tim Meagher, Vice President and Medical Director Munich Re, Canada (Life) discuss how AI and technology are playing a more prominent role in the life insurance sector and improving cancer patient outcomes.

Nationwide names P&C Business Performance lead; The Hanover's first COO, plus more career moves.