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Tokio Marine doesn't expect the quake to cause major strains on insurance companies.
The groups being disciplined control around 90% of Japan's entire P&C market.
Industry experts and carrier executives share insights on the trends that will shape the 2024 home insurance market.
California is in the midst of its third consecutive mild wildfire season, Triple-I reports.
A rise in ground-handling incidents has been one of the key challenges with post-pandemic recovery and growth.
Private carriers now account for slightly more than 32% of the overall flood insurance market.
For the first time, severe thunderstorms are a major contributor to the year's historic natural catastrophe losses.
Higher interest rates are translating into higher returns on insurer investments, according to the Swiss Re Institute.
Reinsurers' premium growth was mostly driven by rate increases and not exposure growth during 2022, according to AM Best.
If Swiss Re's prediction for 2023's ROE materializes, it would mark the strongest YoY improvement since 2009.