Live Insurance News

Insurance industry is beginning to respond to evolving global market

July 8, 2014July 7, 2014 Marc

Insurers and reinsurers are adopting a new approach to their markets Insurance and reinsurance companies are beginning to re-evaluate their business models as prices begin to soften throughout the global market. Risks are beginning to evolve and new investors are beginning to power changes within the commercial insurance market. These changes are encouraging companies to change the way they approach their chosen market sectors in order to better accommodate demand and ensure their continued sustainability. Companies are also feeling a greater need to balance their exposure to certain risks, especially…

Insurance industry sees prices fall worldwide

February 11, 2014February 8, 2014 H. Cutner

The global pricing dropped during the last quarter of 2013, says a recent news report. According to recent insurance industry news issued in the Global Insurance Market Quarterly Briefing from Marsh, the average pricing declines that were experienced around the world – aside from in the United States – sent the global rates downward during the last quarter of 2013. During that time, the company tracked the rates and found that the global index dropped in many areas. For instance, this insurance industry report showed that the risk management global…

Long-term care insurance industry eyes gender-specific pricing

January 30, 2013January 28, 2013 Marc

Long-term care insurance to see major shift in policy pricing The long-term care insurance industry is making moves to break away from its traditional unisex focus to adopt a more gender-based pricing structure. Several long-term care insurance companies have begun focusing on health care information that separates women from men and these companies believe that the time is right to address the issues that these two parties represent by restructuring fees and altering the prices associated with certain policies. Genworth is one such company. Genworth to embrace gender-specific pricing Genworth…

Climate change threatens insurance industry

October 12, 2012October 12, 2012 S.Vagus

Natural Disaster damage insurance trends

Climate change may be a significant problem that cannot be ignored Natural disasters are nothing new to the world. Countries have been battered by floods, hurricanes, earthquakes, volcanic eruptions, and other catastrophes since before they were officially countries. In the world of business, few industries are so well acquainted with natural disasters as the insurance industry. The industry, as a whole, is well versed in the monitoring of weather patterns and has been able to accurately predict the impact an effects of several natural disasters around the world. According to…

Multi-state regulations are driving up the price of insurance coverage, according to research

May 9, 2012May 25, 2012 Marc

Research suggests that regulations may be causing insurance rate hikes Multi-state regulations are common throughout the insurance industry. Insurance companies are forced to comply with these regulations no matter where they may be in the U.S. Regulators often impose these directives as a way to ensure that companies are not taking advantage of consumers by exploiting regulatory gaps. These expansive regulations are a double-edged sword, however, as they require a significant and ongoing financial investment from each state that adopts them. Research from the University of Iowa suggests that these…