Commercial Lines

Companies should revisit their risk exposures and ensure there are proper protections in place for the business as well as employees on trips that combine business and leisure. .

In the same way that, pre-COVID, some health experts warned that a pandemic was coming, astronomers say a massively destructive solar storm is overdue. We should prepare.

We’ll see a level of collaboration — and efficiency and transparency — that we’ve never seen before. 

The excess and surplus insurance market is experiencing dynamic growth, creating major opportunities for insurtechs.

While embedded insurance may offer a quick solution, it lacks the personalized service and tailored coverage that independent agents can provide. 

Risk mitigation is no longer just a nice bonus but instead a critical aspect of a strong insurance application, and crucial to limiting premium increases.

However, vigilance is required because the speed and extent of the way the industry’s risk profile is changing is unprecedented in modern times.

Dr. Michel Léonard of the Insurance Information Institute discusses the current economic landscape and its impact on the insurance industry for the rest of 2024 and beyond.