Here’s an interesting nugget we found, as Insuritas in the USA sent out this insurance product conversion rate info; “Some 71% of those who received a quote in October took out a policy.” That is […]
The latest from North P&I; North P&I Club signals intention to apply a 10% General Increase in 2023/24 premium rates amid swirling economic uncertainty and mounting inflationary pressures.The current benign marine insurance conditions within P&I […]
This Opinion piece is by Richard Cooke, UK Business lead, Keepler Data Tech and it looks at how PAYG cover will become the default setting in a time of recession. The cost-of-living crisis is already […]
Is the insurance industry entering a new age of austerity, where consumers cancel shortly after taking out cover? Maybe so and perhaps PAYG cover is less painful when it comes to all kinds of insurance. […]
SCOR has published its financials for the first three quarters of 2022, with the accent on challenging reinsurance pricing, Cat claims, plus a return to more normal mortality rates following Covid19. Although it’s worth noting […]
Gallagher Re has been looking at the insurtech funding landscape and published a new report. It’s a difficult time to raise cash as interest rates rise along with inflation. Basically you need more cash in […]
The most recent stats from the UK Insolvency Service show that rates are on the up as the recession deepens. Fact is, lockdowns have consequences and once Bounceback loans and 10K grants are exhausted so […]
Motor Insurers and credit hire companies have signed an interim agreement on increasing certain hire rates to enable both sides to navigate their way through the current headwinds in the motor claims supply chain. The […]
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