Market Insights

Most auto and homeowners insurers are using AI tools in their marketing efforts to reach new policyholders.

Next-generation wildfire data and risk models allow insurers to pinpoint localized wildfire risk and identify mitigation strategies to lower the propensity for loss.

More than 30% of homeowners with internet say they would switch insurers to get smart home devices for safety and security.

Swiss Re is forecasting a much more favorable 2024 for the industry, predicting strong premium growth of 7% for the year.

Outdated equipment and open networks make operational technologies at industrial complexes susceptible to cyberattacks.

Insureds who use digital tools for claims reporting see faster claim times overall, but J.D. Power found that this hasn't helped overall satisfaction among those customers.

Wages have continued growing, in turn boosting payrolls and premiums for most industries.

More than 90% of surveyed professional liability carriers intend to raise rates for architects and engineers, Ames & Gough reports.