Tag: aon benfield

Auto insurance premiums in the U.S. may slide with driverless cars

Logan B.
Louisiana car insurance rates auto

As autonomous vehicles roll out – and as that continues into the future – coverage rates will plummet. A new report from Aon Benfield addressed auto insurance premiums in a world of self driving cars. It examined the insurance rate trends that will occur with the expected increasing popularity of autonomous vehicles. The report suggested car owners will be paying a lot less for coverage when cars drive themselves. The predictions are that the “industry pure premiums” will fall a full 20 percent from last year through 2035. This forecast…

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Insurance industry continues to see a growth in premiums

S.Vagus
US Big Data insurance industry

Insurance premiums are on the rise throughout the world Premiums in the global reinsurance and insurance industries grew last year, according to a report from Aon Benfield. The report notes that insurance premiums reached an all-time high by the end of 2013. The Property and casualty, life, and health insurance sectors were the driving forces behind the growth in premiums. Overall, global premiums grew by 0.9% last year, reaching $4.9 trillion. Insurance premiums are likely to continue growing throughout the remainder of 2014. Property casualty, life, and health insurance sectors…

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Report highlights effect of natural disaster on insurance industry

Logan B.
Insurance Industry

Insurance industry continues to wrestle with catastrophes Aon Benfield’s Impact Forecasting, the catastrophe modeling division of the company, has released its latest Global Catastrophe Recap report. These reports are issued monthly and highlight the natural disasters that have occurred around the world and details what impact they may have had on the insurance industry. The latest report provides some insight on the natural disasters that struck throughout the U.S. in April. The report makes note of several severe events that have caused significant damage in some parts of the country.…

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Aon report focuses on impact of US natural disasters

Nordstrom
Natural Disaster damage insurance trends

US disasters deal costly blow to global insurance industry, according to Aon Aon Benfield, a leading reinsurance and catastrophe modeling firm, has released its latest Annual Global Climate and Catastrophe Report. The report highlights the impact that natural disasters have had throughout the world and how these disasters have hit the global insurance industry and economy. According to the report, two of the world’s costliest natural disasters occurred in the U.S. While these disasters were largely confined to the borders of the country, Aon notes that their influence has sent…

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Aon releases new edition of Global Catastrophe Recap report

Marc

U.S. industry holds on to hope for a more peaceful 2012 Following the disastrous 2011, U.S. insurers had hoped that 2012 would be a lenient year in terms of natural catastrophes. These hopes were dashed when 2012 hosted a series of unfortunate events in its early months. These disasters made headline throughout the world of insurance news and put the industry on notice. The early months brought many powerful storms that caused widespread damages, mostly in the Eastern and Southeastern U.S. In April, these storms proved particularly devastating. Report shows…

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