Insurance news

Here are some recent insurance news stories:

1. Insurance Industry Sees Growth in 2022

According to a report by the Insurance Information Institute (III), the insurance industry saw a 4.5% increase in premiums in 2022, driven by growth in the property-casualty and life insurance segments.

2. Cyber Insurance Market Expected to Reach $20 Billion by 2025

A report by MarketsandMarkets predicts that the global cyber insurance market will grow from $6.4 billion in 2020 to $20.1 billion by 2025, driven by increasing concerns about data breaches and cyber attacks.

3. Insurers Face Rising Costs from Climate Change

A report by the Association of British Insurers (ABI) warns that insurers are facing rising costs from climate change, including increased claims from natural disasters and more frequent and severe weather events.

4. Health Insurance Premiums to Rise in 2023

According to a report by the Kaiser Family Foundation, health insurance premiums are expected to rise by 5% in 2023, driven by increasing healthcare costs and changes to the Affordable Care Act.

5. Insurtech Startups Raise Record Amount of Funding

A report by CB Insights finds that insurtech startups raised a record $3.4 billion in funding in 2022, driven by investments in digital insurance platforms, telematics, and artificial intelligence.

6. Insurance Companies Face Pressure to Increase Transparency

A report by the Financial Stability Board (FSB) recommends that insurance companies increase transparency around their risk management practices and capital requirements to improve financial stability.

7. Autonomous Vehicle Insurance Market Expected to Grow

A report by ResearchAndMarkets predicts that the autonomous vehicle insurance market will grow from $1.4 billion in 2020 to $14.4 billion by 2027, driven by increasing adoption of autonomous vehicles.

8. Insurers Face Challenges in Addressing Mental Health

A report by the Mental Health America finds that insurers are facing challenges in addressing mental health, including inadequate coverage and stigma around mental illness.

9. Insurance Industry Sees Growth in Digital Sales

A report by the Insurance Information Institute (III) finds that the insurance industry saw a 15% increase in digital sales in 2022, driven by the rise of online insurance platforms and mobile apps.

10. Insurers Face Rising Costs from Pandemic-Related Claims

A report by the Insurance Information Institute (III) warns that insurers are facing rising costs from pandemic-related claims, including business interruption and workers' compensation claims.

These are just a few of the latest insurance news stories. If you're looking for more information on a specific topic, feel free to ask!