Tag: insurance market

Former HHS Secretaries join forces to encourage health insurance market stability

Logan B.
health insurance market stability

The countries past health chiefs recently spoke with a message to President Trump and GOP Congress members. Former U.S. health secretaries recently spoke with a message to President Donald Trump and GOP Congress members, saying that when it comes to the health insurance market stability, don’t make things worse. Their goal was to try to convince the lawmakers not to unbalance the stability even further. As it appears as though the Affordable Care Act is here to stay for at least the foreseeable future, the former health chiefs are encouraging…

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Cyber insurance market grows by over a third last year

H. Cutner
computer keyboard cyber insurance market

A recently released Fitch Ratings report suggests that this digital coverage grew by 35 percent. A new Fitch Ratings report suggested that the cyber insurance market’s premium exposure, estimated to be $1.35 billion, is greater than predicted. Fitch pointed to natural obstacles to differentiating the cyber related premium from other forms of multi-line coverage products. High profile hacking cases making headlines are driving interest in the cyber insurance market. “Take-up rates for cyber insurance are increasing with frequent reports of computer hacking incidents, including: network intrusions and data theft, as…

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Cyber insurance market growth is fast and healthy, says Swiss Re

Marc
cyber insurance market

As worries over the impact of a hack, data breach or other similar risks, firms are insuring themselves. Swiss Re released a statement describing considerable growth trends in the cyber insurance market. The reinsurance firm pointed out that businesses are starting to see the importance of coverage in an environment where risks are skyrocketing. The Zurich-based giant it pointed out that the cyber risks are rapidly rising in their complexity and frequency. The Swiss Re Sigma report titled “Cyber: Getting to grips with a complex risk,” provided considerable insight on…

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Transatlantic insurance market gets shot in the arm from US, EU deal

Logan B.
european union EU american USA united states transatlantic insurance market

The United States and European Union have come to an agreement to boost this international marketplace. On Friday, the United States and European Union came to an agreement to shrink legal and capital hurdles to the transatlantic insurance market. The goal was to give a boost to both the insurance and reinsurance marketplaces. The transatlantic insurance and reinsurance markets are currently worth a combined $3 billion. This transatlantic insurance market accord is one that has been under negotiation for over a year. It is a follow-up to an agreement that…

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The Brexit insurance industry impact is already showing

Julie Campbell
Insurance company brexit strategy

One of the first things that happened following the announcement of the voting results was plummeting shares. Across the United Kingdom, the Brexit insurance industry impact was felt right away as the voting results were revealed. Shares throughout the sector plummeted, leaving investors and insurers reeling. Growing fears from experts appear to have taken an axe to stock prices. The main concern is the effect the Brexit will have on Lloyd’s of London, the massive insurance market. Lloyd’s currently enjoys a special appeal to other insurance companies. This is because…

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Commissioner deems Oklahoma earthquake insurance market noncompetitive

Nordstrom
oklahoma earthquake insurance industry

John Doak has completed the investigation into the way rate increases are conducted in the state. State Insurance Commissioner John Doak has now determined that the Oklahoma earthquake insurance market is not currently functioning in a way that can be considered to be competitive. The commissioner has now issued an order that will alter the way earthquake insurance rates are changed. The order has been issued with the intention of altering the way Oklahoma earthquake insurance rate increases are filed with the Insurance Department, in order to make certain that…

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Greek insurance market is taking a dive

H. Cutner
greece travel insurance

The situation in the industry in Greece looks as though the trend is to continue slipping. Last year, the insurance market in Greece took a significant hit as the number of people in the country who cashed in savings based policies broke all previous records of that nature. That trend revealed a solid decline of the state of the insurance industry within the country. This appears to be yet another casualty of the economic crisis in Greece. The reason is that as people have watched their disposable incomes withering, they…

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