November 3, 2023 | ReportInsurance premium growth in Asia has slowed. Across both life and property and casualty lines, Asia’s insurers are at a pivotal juncture. The insurance industry in Asia is at the crossroads. On one hand, the industry grapples with slowing growth, varying profitabi...
The average cost of auto insurance increased by 9% to $1,777 per year in 2022, according to a recent report by Insurify. And it expects the rate to increase by another 7% to $1,895 in 2023. If you are interested in saving money on your car insurance, you could consider changing y...
American drivers could face another year of rising auto insurance costs in 2023, as inflation and increasing claims drive premiums to a new high, a recent report showed. Due torising inflationand traffic accident rates, drivers saw auto insurance costs increase by 9%, to $1,777 per year in ...
China's insurance industry posted CNY5.12tn ($714bn) in premium income in 2023, an increase of 9.14% compared to 2022, according to statistics released by the National Administration of Financial Regulation (NAFR).eWeekly China Newsletter is available to eChina subscribers only. Please login to...
With the increase in insurance rates nationwide over the last year, we ran a survey in February 2023 to see what homeowners did last year to offset these high costs and lower their insurance bill. According to the Policygenius Home Insurance & Inflation Shopping Survey, 51% of homeowners lowere...
And this is on top of an average increase of 24% in 2023. However, there's good reason to believe that drivers will finally start to see costs stabilize in 2025. Here's why, and where I predict auto insurance rates are heading next year. If you'd like to save money...
Will my auto insurance premium increase if I get into an accident? If you are at fault in an accident, your auto insurance premium is likely to increase. However, if you have accident forgiveness or a good driving record, you may be able to avoid a premium increase. ...
that we analyzed for this report, the average premium increase from May 2022 to May 2023 was higher than the average increase from the previous year. And in 26 states, average home insurance premiums were up more than 20% between May 2022 and May 2023. For context, no state’s average ...
Any health conditions you have may increase your premium or exclude you from certain policies. Also, the number of policies available as you age decreases. For example, State Farm’s Return of Premium Term Life policy isn’t available to applicants over the age of 60. Consider your options ...
Overall market growth:The total U.S. life insurance new annualized premium increased slightly by 1 percent year-over-year to $15.6 billion in 2023, marking the third consecutive year of record sales. Policy sales increase:The number of policies sold across the industry grew by 4 percent, with...