Auto insurance industry trends to keep an eye on in 2025 However, the spike in post-pandemiccar crash fatalitieshas started to decline. Since insurance companies were approved for significant rate increases over the past few years, many carriers may be near rate adequacy. This means that 2025 ...
The McKinsey Global Insurance Report looks at the key trends, challenges, and opportunities facing the global insurance industry in 2024 and beyond.
age-related factors like slower reaction times and vision changes can increase the risk of accidents, leading to higher premiums. Additionally, as we age, slower recovery and complications from injuries can increase the cost of medical care for older drivers, which also increases the cost of medic...
15, 2024. To project how much the average homeowner will pay in insurance by the end of 2024, Insurify data scientists first analyzed how often and by how much insurance companies implemented rate increases throughout the second half of 2023 and into 2024. They then used this information to...
Global 2023 GDP and premiums were calculated assuming xed 2022 exchange rates (to convert GDP and premiums rom local currencies to US dollars) or the purposes o measuring increases in insurance relevance without any e ects rom exchange rate uctuations; we do this ...
As you can see, smokers pay significantly more than non-smokers as age increases. If you’re thinking about quitting smoking, you’re already making progress in the right direction. If you quit, your life insurance rates should improve. Erie premium rates rival that of the industry average. ...
U.S. property/casualty insurers’ and brokers’ operating earnings are expected to modestly improve in 2014, and the overall insurance rate increases will “probably moderate into 2015,” said investment and research firm Keefe, Bruyette & Woods (KBW) in its new report. According … Next Page ...
Marsh: ‘Stable’ Q4 Commercial Rate Increase of 2% February 5, 2024 Broker Marsh said global commercial insurance rates increased by 2% at renewal in the fourth quarter of 2023, marking the 25th straight quarter of rate increases. “At a time of much global economic uncertainty, clients will...
andbeyond 1 25 44 GlobalInsuranceReport2025:Thepursuitofgrowthv Global Insurance Report 2025: Finding profitable personal lines growth The personal propertyand casualty insurance industry grew in 2023,fueled by rate increases.The opportunity now istoinnovate, expandcoverage,and increasethe industry‘s ...
25 This, combined with rapid growth in written premiums from sizable rate increases and higher investment yields, is expected to provide some relief.26 At a global level, estimates suggest that insurers’ return on equity could improve to about 10% in 2024 and 10.7% in 2025.27 ...