Types of insurance

EQS-News: Global property & casualty insurance premiums expected to more than double to USD 4.3 trillion by 2040, Swiss Re Institute forecasts

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星期一, 九月 6, 2021
Insurance, Actuarial science, Types of insurance, Reinsurance, General insurance, Liability insurance, Korean Reinsurance Company

Property insurance is forecast to become the fastest growing line of business.

Key Points: 
  • Property insurance is forecast to become the fastest growing line of business.
  • Motor, although its share is shrinking, is expected to remain the largest of all P&C lines, with premiums forecast to almost double by 2040.
  • Property insurance is forecast to grow by 5.3% annually with global insurance premiums rising to USD 1.3 trillion in 2040 from USD 450 billion in 2020.
  • Economic development will remain the key driver of rising property premiums, contributing 75%, or up to USD 616 billion of new premiums.

How PIP Car Insurance Can Help Drivers Overcome Loses from A Car Accident

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星期日, 九月 5, 2021
Insurance, Types of insurance, Vehicle insurance, Personal injury protection, Personal injury, No-fault insurance, Full tort and limited tort automobile insurance

Personal injury protection, or PIP for short, is one of those choices that drivers are recommended to purchase.

Key Points: 
  • Personal injury protection, or PIP for short, is one of those choices that drivers are recommended to purchase.
  • PIP insurance will cover the medical expenses of the policyholders and their passengers if they got injuries resulted from a car accident, regardless of who is at fault for the accident.
  • This option will help cover the expenses of a funeral in case of death due to a car accident.
  • For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.org/
    Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes.

Global Life Insurance Providers Market (2020 to 2030) - Opportunities and Strategies with COVID-19 Impact and Recovery - ResearchAndMarkets.com

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星期三, 八月 4, 2021
Insurance, Professional Services, Insurance, Types of insurance, Life insurance, Whole life insurance, Insurance in Australia, Insurance in the United States

The "Life Insurance Providers Global Market Opportunities and Strategies to 2030: COVID-19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Life Insurance Providers Global Market Opportunities and Strategies to 2030: COVID-19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.
  • The life insurance providers market is segmented by type of insurance into whole life insurance, term life insurance, accidental insurance, annuities, unit linked life insurance and other life insurance.
  • The term life insurance was the largest segment of the life insurance providers market by type of insurance, accounting for 27.3% of the total market in 2020.
  • The top opportunities in the life insurance providers market segmented by type of insurance will arise in the term life insurance segment, which will gain $239.2 billion of global annual sales by 2025.

Best’s Market Segment Report: U.S. Captive Insurers’ Flexibility, Control Enable Them to Outperform Commercial Peers

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星期三, 八月 4, 2021
Other Professional Services, Professional Services, Insurance, Types of insurance, Insurance, Captive insurance, Offshore finance, Alternative risk transfer, Captive

The new Bests Market Segment Report, Captives Flexibility and Control Enable Them to Outperform Commercial Peers, states that captives inherent flexibility and control in managing risk drives profitability and retained earnings, while creating value for their policyholders and stakeholders, regardless of market conditions.

Key Points: 
  • The new Bests Market Segment Report, Captives Flexibility and Control Enable Them to Outperform Commercial Peers, states that captives inherent flexibility and control in managing risk drives profitability and retained earnings, while creating value for their policyholders and stakeholders, regardless of market conditions.
  • Year over year, the AM Best-rated U.S. captives recorded a 4.1-percentage point improvement on their combined ratio to 97.9 in 2020.
  • Overall, captive insurers remain nimble and stable despite persistently low interest rates and the recent turbulence in equities.
  • For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .

Insights on the Health Insurance Global Market to 2028 - Opportunity Analysis and Industry Forecasts - ResearchAndMarkets.com

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星期三, 八月 4, 2021
Health, Other Health, Types of insurance, Health insurance, Insurance, Health insurance in the United States, Health insurance in India

The "Health Insurance Market by Distribution Channel, Insurance Type and End User Type: Global Opportunity Analysis and Industry Forecast, 2021-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Health Insurance Market by Distribution Channel, Insurance Type and End User Type: Global Opportunity Analysis and Industry Forecast, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
  • A health insurance plan covers services such as treatment for chronic ailments, psychiatric care, diagnosis, dental care, emergency evacuation, and others.
  • However, increase in health insurance premium cost and lack of knowledge about coverages included in health insurance policy are some of the major factors limiting the health insurance market.
  • The health insurance market is segmented on the basis of distribution channel, insurance type, coverage, end user type, age group, and region.

Marine Insurance Market Report 2021 - Global Opportunity Analysis and Industry Forecast to 2028 - ResearchAndMarkets.com

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星期三, 八月 4, 2021
Maritime, Professional Services, Insurance, Transport, Types of insurance, Insurance, Marine insurance, Insurance industry, General insurance, Insurance industry in China

The "Marine Insurance Market By Type, Distribution Channel, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Marine Insurance Market By Type, Distribution Channel, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
  • Furthermore, hull insurance, cargo insurance, marine liability insurance, and offshore/energy insurance are the major coverages covered by marine insurance.
  • Therefore, expansion of business and supply of goods & services are expected to provide an immense opportunity to the marine insurance market.
  • These players have adopted various strategies to increase their market penetration and strengthen their position in the marine insurance industry.

Policygenius Releases August 2021 Life Insurance Price Index

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星期三, 八月 4, 2021
Academic disciplines, Articles, Demography, Insurance, Types of insurance, Actuarial science, Population, Life insurance, Life expectancy, Factoring

NEW YORK, Aug. 4, 2021 Policygenius, the nation's leading online insurance marketplace, announced today the August data release of the Policygenius Life Insurance Price Index , which displays average monthly life insurance rates using current data from leading life insurance carriers.

Key Points: 
  • NEW YORK, Aug. 4, 2021 Policygenius, the nation's leading online insurance marketplace, announced today the August data release of the Policygenius Life Insurance Price Index , which displays average monthly life insurance rates using current data from leading life insurance carriers.
  • The August index shows that life insurance prices remained stable from July to August 2021, with a negligible decrease for non-smokers of every demographic.
  • Life insurance prices are primarily based on life expectancy, factoring in personal details about an individual, including age, medical history and hobbies.
  • The prices included in the Policygenius Life Insurance Price Index are based on internal actuarial rate tables for 11 of the life insurance carriers that offer policies through the Policygenius marketplace.

Selective Study Finds 25% Increase In Major Home Renovation Projects In First Half Of 2021 Compared To End Of 2020

Retrieved on: 
星期三, 八月 4, 2021
Types of insurance, Insurance, Home insurance, Renovation, Home improvement

The Selective study also found that the South leads the nation in home renovation activity, with 57% of homeowners reporting significant home improvements.

Key Points: 
  • The Selective study also found that the South leads the nation in home renovation activity, with 57% of homeowners reporting significant home improvements.
  • "Selective's study on home renovations reinforces our observations, based on customer interactions, that the current housing and renovation boom remains strong," said Allen Anderson, Senior Vice President, Personal Lines, Selective.
  • "Every home renovation project is unique, but every homeowner needs to protect their investment from future loss.
  • Independent insurance agents help homeowners evaluate their coverage needs and update their insurance to reflect their renovated home's full replacement value."

Everise Hiring 1,200 Healthcare Insurance Agents

Retrieved on: 
星期三, 八月 4, 2021
Types of insurance, Health insurance, Insurance

"Everise is scaling up its healthcare insurance policy sales team.

Key Points: 
  • "Everise is scaling up its healthcare insurance policy sales team.
  • In 2020, licensed agents at Everise sold almost 70,000 healthcare insurance policies(1)," said Dave Palmer, president, Everise.
  • For the right candidates, if they do not already possess a license to sell healthcare insurance, Everise will sponsor their training and licensing.
  • Everise will pay for preferred candidates to undertake training and licensing, which is conducted through the College of Insurance (COI) and ExamFX.

Metromile Bolsters Board of Directors with Insurance and Finance Veterans

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星期二, 八月 3, 2021
Metromile, Vehicle insurance, Types of insurance, Insurance, Service industries, Companies

SAN FRANCISCO, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced two seasoned insurance and finance executives are joining its board of directors.

Key Points: 
  • SAN FRANCISCO, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced two seasoned insurance and finance executives are joining its board of directors.
  • Butler, head of Cohen & Companys U.S. insurance asset management platform, is a 25-year insurance executive with deep global experience.
  • I have been fortunate to work with many insurance companies throughout my career, and I have not seen a company like Metromile.
  • Friedberg will remain a member of the Metromile board of directors.