Hurricane Milton Could Cost Insurers $60 Billion, Raise Reinsurance Rates, RBC Says
Hurricane Milton could result in a $60 billion loss for the global insurance industry, creating a surge in 2025 reinsurance prices.
Recent
US Default Swaps Are Now More Expensive Than Brazil, Mexico
The cost of insuring Treasuries against default now eclipses some emerging markets as the American government gets closer to running out of money.
Omnichannel Customer Experiences Aren't Enough – Carriers Must Add This Element
Carriers need to evolve to meet the omnichannel experience that customers want or risk losing relevance.
Annuity Purchase Decisions Mostly, but Not All, About Expected Longevity
Evidence from multiple studies suggests that individuals in their 50s and 60s underestimate their life expectancies.
NAIC Survey: 88% of Insurers are Using AI or Machine Learning
Regulators are trying their best to regulate artificial intelligence and machine learning.
Ghost Broking Accounts for Third of Insurance Fraud Investigations
Ghost broking now makes up over third of the cases being investigated by City of London Police, and there has been a surge in the number of scammers.
New York Life Rockets to the Top of the 2022 Annuity Sales Charts
New York Life emerged as the big winner in a record-setting year for annuity sales with more than $23 billion in sales, according to LIMRA.
