Competition among European non-life primary insurers is increasing, despite rising claims inflation, according to S&P Global Ratings in a report...
claims inflation News
The European insurance sector saw high levels of claims inflation in 2024. In motor-related material damage in particular, claims inflation...
China on Tuesday imposed tariffs on some U.S. imports in a swift response to new U.S. duties on Chinese goods,...
Hard market conditions in the global non-life insurance sector will continue this year, but will begin to ease in 2025,...
Inflation continues to have an effect on property exposures with sums insured for European windstorm increasing by 10.1% year-on-year at...
New technologies and rising labor costs are putting pressure on auto insurance carriers and auto repairers by making repairs more...
Inflation is bringing rising loss costs for US commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three...
Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with...
The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic...
Workers’ compensation insurers’ underwriting results continued to outpace the rest of the U.S. property/casualty (P/C) commercial sector in 2022, as...