The Business of Insurance
What's happening in insurance today? From market changes and M&A activity to new coverages, the insurance industry is ever-evolving. To stay up-to-date on the business, these articles, which are updated regularly, will help insurance professionals maintain a competitive edge.
March 17, 2020
Lloyd's of London implements first phase of the Future at Lloyd'sThe market's first risk exchange pilot program also begins in 2020. It will connect broker and e-trading portals.
March 16, 2020
Top 25 insurance groups, companies for homeowners' multiple peril in 2019The top 25 insurance groups collectively wrote nearly $104 billion in direct premiums in 2019.
March 11, 2020
Stemming the tide of social inflationRunaway jury verdicts have been on the rise for 10 years, and their impact is apparent in claims that go to trial — there is a perception that someone must pay.
March 10, 2020
Independent agents, brokers face stable growth in 2020A new survey shows optimism remains high among insurance agents and brokers, despite growth declines in 2019.
March 10, 2020
What legal issues are involved when insurance giants merge?The Aon and Willis merger will create one of the world's largest brokerages. Why were so many law firms hired, and what issues did they address?
March 09, 2020
Aon agrees to purchase Willis Towers Watson in $30 billion dealThe almost $30 billion transaction combines the world's second- and third-biggest insurance brokerages.
March 09, 2020
What does a hardening insurance market mean for construction, real estate?Construction and real estate companies face massive risks and have significant property & casualty insurance needs.
March 09, 2020
NAIC: Top 25 P&C insurance groups and companies of 2019In 2019, the total direct written premiums for all lines in P&C insurance exceeded $707 billion, says new data from NAIC.
March 05, 2020
NAMIC, APCIA reject proposed bill banning credit factors in auto underwritingIndustry leaders are less than enthused by the proposed Preventing Credit Score Discrimination in Auto Insurance Act.
March 02, 2020
Insurance agents, brokers' 2019 M&A activity edged past 2018's recordThe OPTIS database logged a record 649 deals in the United States and Canada in 2019, up from 643 M&A deals in 2018.