A Bain & Company report expects insurance industry to reach $10 trillion by 2030 as it retools to tackle climate change, cybercrime and geopolitics.
Sales of fixed and variable annuities were $60 billion in the second quarter of 2021, up 6% from first quarter 2021 sales of $56.7 billion.
Usage-based insurance will be game-changing both for individual drivers and large fleet operators, writes Freddie Holmes.
New S&P Global Market Intelligence Insurance Industry Outlook Projects the Status Quo Won't Suffice in Post-Pandemic Landscape
"The very essence of what it means to be an insurance company is changing in front of our eyes," said Tim Zawacki, at S&P Global Market Intelligence.
Climate is the ultimate systemic risk, so this is our chance to show businesses, communities and even governments how we can help.
The insurance industry is well-positioned to embrace change and attract young talent.