Business insurance daily news

Here are some recent business insurance daily news articles:

1. Cyber Insurance Market to Reach $20 Billion by 2025

A new report by MarketsandMarkets predicts that the global cyber insurance market will grow from $6.4 billion in 2020 to $20.1 billion by 2025, at a compound annual growth rate (CAGR) of 23.4%. The increasing number of cyber-attacks and data breaches is driving the demand for cyber insurance. (Source: Business Insurance)

2. Insurers Face $1.7 Trillion in Climate-Related Losses by 2050

A report by the Organization for Economic Cooperation and Development (OECD) warns that insurers could face $1.7 trillion in climate-related losses by 2050 if global warming exceeds 2°C above pre-industrial levels. The report highlights the need for insurers to adapt to climate change and invest in sustainable practices. (Source: Insurance Business America)

3. Workers' Compensation Insurance Rates to Increase in 2023

According to a report by the National Academy of Social Insurance, workers' compensation insurance rates are expected to increase in 2023 due to rising medical costs and increased claims frequency. The report recommends that employers take steps to reduce claims costs and improve workplace safety. (Source: Workers' Compensation Insider)

4. D&O Insurance Premiums to Rise by 10% in 2023

A report by Willis Towers Watson predicts that directors and officers (D&O) insurance premiums will increase by 10% in 2023 due to rising litigation costs and increased regulatory scrutiny. The report recommends that companies review their D&O insurance policies to ensure adequate coverage. (Source: Insurance Journal)

5. Insurtech Startups Raise $1.5 Billion in Funding

According to a report by CB Insights, insurtech startups raised $1.5 billion in funding in the first half of 2022, with a significant increase in investments in the second quarter. The report highlights the growing interest in insurtech and the potential for innovation in the insurance industry. (Source: Insurance Thought Leadership)

6. Business Interruption Insurance Claims to Rise by 20%

A report by the Insurance Information Institute predicts that business interruption insurance claims will increase by 20% in 2023 due to rising supply chain disruptions and natural disasters. The report recommends that businesses review their business interruption insurance policies to ensure adequate coverage. (Source: Insurance Journal)

7. Cybersecurity Insurance to Become Mandatory for Some Businesses

The European Union's General Data Protection Regulation (GDPR) requires businesses to have adequate cybersecurity measures in place to protect personal data. A new report by the European Insurance and Occupational Pensions Authority (EIOPA) recommends that cybersecurity insurance become mandatory for some businesses to ensure adequate coverage. (Source: Insurance Business America)

8. Insurers to Invest $1.2 Trillion in Sustainable Infrastructure

A report by the United Nations Environment Programme (UNEP) predicts that insurers will invest $1.2 trillion in sustainable infrastructure by 2025, driven by growing concerns about climate change and environmental sustainability. The report highlights the potential for insurers to play a key role in financing sustainable development. (Source: Insurance Thought Leadership)

9. Workers' Compensation Insurance Premiums to Increase by 5%

According to a report by the National Association of Insurance Commissioners, workers' compensation insurance premiums are expected to increase by 5% in 2023 due to rising medical costs and increased claims frequency. The report recommends that employers take steps to reduce claims costs and improve workplace safety. (Source: Workers' Compensation Insider)

10. Insurtech Startups to Focus on Climate Change and Sustainability

A report by CB Insights predicts that insurtech startups will focus on climate change and sustainability in the coming years, driven by growing concerns about environmental sustainability and the need for innovative solutions to address climate-related risks. The report highlights the potential for insurtech to play a key role in financing sustainable development. (Source: Insurance Thought Leadership)

These are just a few examples of recent business insurance daily news articles. If you're interested in staying up-to-date on the latest insurance news and trends, I recommend following reputable insurance industry publications and news sources.