Driven by evolving customer needs, technological advances, and regulatory shifts, what has been key growth opportunities for 2025:
1) Sports Insurance
The global sports industry is rapidly expanding, driving higher demand for comprehensive insurance. As sports grow in both professional and recreational spheres, insurers will see an increased need for coverage addressing athlete injuries, event
Munich – Worldwide, natural disasters caused losses of US$320bn in 2024 (2023, adjusted for inflation: US$268bn), of which around US$ 140bn (US$106bn) were insured. The overall losses and, even more so, the insured losses were considerably higher than the inflation-adjusted averages of the past ten and 30 years (total losses: US$ 236/181bn; insured losses: US$94/61bn). In terms of insured
Staff Writer
THE world over, business is battling to strengthen their portfolios to reflect their sustainability efforts as key stakeholders are carefully considering these issues in making business decisions.
It is no surprise that even investors have joined the que.
Investors have historically been primarily concerned with the amount of returns an investment has produced, and they have generally
The insurance industry’s economic role — and untapped potential
The world economy has become less resilient, but the insurance industry is keeping pace with changes in the risk landscape. Nevertheless, the newly developed SRI Insurance Resilience Indices, based on measures of protection needed relative to that available, show a huge opportunity for the insurance sector to close a combined
Next in insurance: Strategic industry trends in 2024
Hard realities highlight the need for insurers to reinvent themselves
The insurance industry is under pressure. Social, technological, environmental, economic and political risks that seemed abstract or improbable just 20 years ago have become increasingly severe and acute and are affecting the very nature of the business. What’s more, established
Global insured losses from natural disasters hit $118bn in 2023: Aon
In its recently published 2024 Climate and Catastrophe Insight report, insurance and reinsurance broker Aon disclosed a huge $118 billion in global insured losses during the 12-month period under review.
This marks the fourth consecutive year that insurance losses have exceeded the 21st-century average, reflecting the increasing
What are the top challenges facing motor insurance customers?
And how do these differ from commercial to personal
What are the main pressures facing motor insurance customers and do those pressures differ in commercial lines insurance and personal lines insurance? This was one of the questions addressed by Nick Kelsall (pictured left), head of claims for Allianz Commercial,
Is your business adequately insured?
When it comes to business insurance, how much cover is enough? This article will help you insure your small- to medium-sized business specifically and sufficiently so that you can continue to grow it, even when the unimaginable happens.
Business owners know that running a business successfully in a fast-paced, digitally enabled world (which also happen to
The way people are purchasing insurance is changing”
Risk management consultant looks back on his insurance career
Jose Alfredo Suarez, risk management consultant Alera Group, didn’t begin his career in the insurance sector. Initially, he spent five years as a paralegal in immigration law, a period during which his mother, a Mexican immigrant, worked as an underwriting assistant for an insurance
Insurance modernisation critical for business success
HARARE, Even prior to the onset of the COVID-19 pandemic last year, insurers were under pressure to modernise their legacy systems as customers started expecting more agile solutions capable of benefitting from advances in digitalisation, the cloud, and even machine learning technologies. Global events over the past 17 months have accelerated