Market News
Swiss Re's SONAR Report: Emerging Risks to Infrastructure, Supply Chains
Swiss Re's SONAR 2024 report highlights 16 emerging risks impacting insurance, infrastructure, and supply chains, emphasizing natural disasters and healthcare underfunding. Read More
A.M. Best Revises Outlook for Global Reinsurance Industry to Positive
A.M. Best upgrades global reinsurance outlook to positive, citing strong profit margins, higher attachment points, and maintained underwriting discipline. Read More
Generative AI Market Forecast Raised to $52.2B by 2028
The generative artificial intelligence (AI) market forecast raised to $52.2 billion by 2028, driven by enterprise adoption and new providers, growing at a 59 percent compounded annual growth rate. Read More
US P&C Industry Sees $9.3 Billion Underwriting Gain
The US property and casualty (P&C) industry posted a $9.3 billion underwriting gain, reversing last year's $8.5 billion loss, driven by improved combined ratio and higher investment income. Read More
US P&C Insurers Achieve Record $73.9B Investment Income in 2023
US property-casualty (P&C) insurers' net investment income hit a record $73.9B in 2023, driven by higher interest rates and a shift to riskier assets, according to AM Best. Read More