Despite challenges related to economic uncertainty, Gen AI and geopolitical complexities, 74% of insurance CEOs are “confident that they will be able to grow their business over the next three years” reveals KPMG’s annual survey of industry execs. Blackrock says that insurers will focus on investing in private assets, clean energy infrastructure and advanced technology in the next two years. With the football season well underway, Howden’s Men’s European Football Injury Index reveals that players in the German top football league are the most likely to be injured, recording that the Bundesliga clubs had an injury every 52 minutes.
KPMG 2024 Insurance CEO Outlook (Source: KPMG)
Insurance CEOs are facing uncertainty due to talent gaps and rising competition but they are “making strong progress” by “embedding ESG into their strategies, investing into Gen AI and emerging technologies, upskilling their workforces and enhancing their diversity and inclusion”.
Injuries cost top leagues 732 million euros last season, Bundesliga worst hit (Source: Reuters)
Last season an injury occurred every 92 minutes across the 5 top leagues, with knee injuries costing a combined 141 million euros, according to Howden.
Insurers mull increased investing in private markets and clean energy (Source: Insurance Business Magazine)
BlackRock’s annual insurance report reveals that 91% of insurers plan to increase their investments in private assets over the next two years.
Post Milton, we see a flattening of property cat pricing at Jan 1 renewals: Klisura, Guy Carpenter (Source: Reinsurance News)
Broker predicts flattening of pricing in 1/1 renewals following back to back hurricanes in the US. CEO, Klisura, anticipates “property cat demand should increase at January 1…the renewal will be manageable for most of our clients”.
Lessons learned: Andy Coleman explores the D&O impact of the CrowdStrike outage (Source: OneAdvent)
Our expert D&O class underwriter Andy Coleman shared his insights on the potential D&O impact of the CrowdStrike incident for this in-depth Insurance Post article.
Request a call back.
Let’s get the conversation started today.
Sign an NDA.
Take the first step in the next stage of your MGA business.