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The way insurers respond to these trends will determine whether they have a positive or negative impact on the industry.
Marsh uncovers the lines with the biggest gains as well as what 2021 has in store.
Natural disasters showcase the intricacies of settling business interruption claims, revealing best practices for insurers to put businesses back on the path to success.
LexisNexis found economic pressures are pushing people into fraudulent behavior, including bank account 'mule recruitment' schemes.
While consumers are driving digitization trends, backend technology will have the most powerful impact on insurers.
Rates could go up as much as 15%, but the E&S market could see more capacity as it catches investors' attention.
Building contractors face the highest average annual cost for general liability coverage due to the inherently riskier nature of their endeavors.
LexisNexis Risk Solutions noted fourth-quarter trends suggest a return to normal shopping patterns.
The policy format allows for coverage of the 'uninsurable' with greater loss predictability and lower costs.
Organizations are using captives in new ways to enhance risk management, attract more clients and access other forms of risk transfer.