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Cyber insurance pricing has witnessed a 2% global decrease in the third quarter of 2023, marking the initial average downturn since the latter half of 2018, as reported by insurance broker and risk advisor Marsh, a subsidiary of Marsh McLennan.
In its 10th edition of the annual AXA Future Risks Report, global insurer AXA reveals a significant shift in perceived future risks, with artificial intelligence (AI) and data-related concerns entering the top 10 for the first time.
MAPFRE has reported an 11% growth in revenue and results during the first nine months of this year.
Goosehead Insurance has reported a substantial growth in total revenues for the third quarter of the year, reaching $71 million—an impressive 23% surge compared to the same period in 2022.
Chubb Limited has announced its outstanding third-quarter performance, revealing remarkable growth in key financial metrics.
The escalating inflation and surging healthcare costs in the United States are compelling a growing number of Americans to defer medical treatments and reconsider their health insurance options, according to a new survey carried out by Nationwide and the Harris Poll.
The World Life Insurance Report 2023, released today by the Capgemini Research Institute, reveals a looming challenge for the life insurance sector as it grapples with an anticipated $7.8 trillion wealth transfer to beneficiaries by 2040—the largest inter-generational wealth shift in history.
A recent report by Clearwater Analytics, a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, claims that up to 90% of insurers are at a disadvantage due to their current operating models, deemed inadequate to meet future business needs.
Lloyd’s has unveiled a startling assessment of the global economy’s vulnerability to a potential cyber attack, estimating a staggering $3.5 trillion in losses over a five-year period.
A recent investigation by Hiscox has uncovered a disturbing pattern of escalating cyber attacks on businesses, marking the fourth consecutive year of growth in such incidents.
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