inflation, financial market fragility, equity market volatility, supply chain challenges, increasing litigation funding, and an evolving regulatory framework. Capacity from new and established insurers continued to increase in a growth-focused market with very few new buyers (IPOs, deS...
A year after we reported that 1,033Texashomeowners saw an average premium increase of 16%, we found that 1,815 homeowners faced an increase of 27% from May 2022 to May 2023. Altogether, we estimate that home insurance in Texas is around 46% more expensive on average compared to two year...
increase of the SCR coverage ratio of 17%. With Solvency II posited to stimulate further mergers and acquisitions within the European insurance market, this paper offers an alternative method for insurers to diversify their portfolio. Furthermore, it is suggested that the proposed alternative risk t...
Since 2003, costs as a share of revenues have increased by 23 percent for life insurers—compared to a 5 percent increase for P&C insurers—while other industries, including asset management, have been able to address costs. While these structural costs have been rising for two decades, the ...
High-tech cars drive a 3.7% increase in repair costs, contributing to higher premiums Motor vehicle maintenance and repair costs surged by 5.7% in 2024, according to the U.S. Bureau of Labor Statistics Consumer Price Index. Cars with advanced driver-assistance systems (ADAS) contribute to risin...
Plan premiums have increased modestly in 2023 (a median increase of 4 percent for the lowest-price silver plan) following four consecutive years of almost no premium changes. These increases have occurred across insurer categories and metal tiers, although insurtechs increased premiums the most. ...
2023 saw over one million vehicle thefts, which was almost an additional one percent increase from 2022, the highest recorded number since 2008. Because the risk of vehicle theft is higher than usual, insurers usually raise comprehensive coverage costs to account for it. Auto insurance industry ...
filings for a sample of group market insurers from 2010 to 2018, we employ a mixed regression discontinuity/regression kink approach to evaluate whether QIEs are used by insurers as a potential strategy for meeting the ...
Since 2023, the average cost of a full coverage car insurance policy has gone up by $625, an increase of 31 percent. Minimum coverage, on the other hand, has an average annual cost of $799. However, car insurance rates can be quite different even for similar drivers in the same area....
The annual gross loss ratio in home insurance in Spain fluctuated significantly from 2005 to 2023. In 2023, the gross loss ratio in multi-risk home insurance was 63.5 percent - an increase of 2.4 percent from the previous year. The highest gross loss ratio in home insurance in Spain was r...