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Plumbers and electricians have the most workers' comp claims among all trades, according to AmTrust Financial.
Current market forces and pandemic realities require faster adoption of new digital and AI solutions.
While trust in the insurance industry grew during the past year, a quarter of business leaders are still uncertain about what coverages they need.
Increasing demand for insurance, government regulations and growing competition are anticipated to spur future growth.
A new report from USI provides a look at the current market conditions across six P&C product lines.
Premium growth in the region is expected to rebound this year after contracting 3.4% in 2020.
Among GMI rated by S&P, the past year proved to be an earnings event for the industry but capital remained unchallenged.
Dominated by P&C insurers, the ranking uses factors such as financial risk profile and strength.
Insurance premiums are expected to surge 7.1% as the economic recovery and hard market increase exposures and rates.
The industry showed resiliency in the face of the pandemic, as combined ratio also showed gains.