Browsing: insurance market

Recent reforms in Florida’s property insurance market are beginning to show positive results, with rate decreases and increased stability for homeowners.

GlobalData projects New Zealand’s life insurance sector to grow to $3.8 billion in gross written premiums in 2025, driven by increased demand for whole life and personal accident and health insurance.

The OIC’s 2023 Wildfire Symposium, part of the Climate Summit Series, examines the impact of wildfires on Washington state’s insurance market, discussing risks to consumers and potential mitigation strategies.

South Korean non-life insurers are engaging in aggressive price competition and offering differentiated services to capture the rapidly growing travel insurance market driven by the surge in overseas travelers.

The electric vehicle (EV) insurance market is experiencing significant growth, driven by increasing EV adoption, government incentives, and rising environmental concerns. This specialized insurance sector is expected to grow substantially in the coming years.

WTW’s Jim Dunlap and Lockton’s Chase Johnson discuss current capacity, risk assessment, and market predictions for construction insurance.

Florida insurance regulators have approved plans for three insurers to assume over 135,000 policies from Citizens Property Insurance Corp., as the state continues its efforts to stabilize the troubled insurance market.

The state-backed insurer, Citizens Property Insurance Corp., is seeing a reduction in policyholders due to legislative reforms and increased private insurer interest.

The Woodlands Financial Group (TWFG) is capitalizing on new opportunities in the property insurance market, with growth in several regions and strategic moves in Florida and California, according to Chairman and CEO Gordy Bunch.

The global commercial insurance market is experiencing significant expansion, with the Asia-Pacific region leading the growth. This article explores the market’s drivers, projections, and the factors shaping its future.