Inflation Inflation is increasing the cost of materials, exacerbating an already troubling issue in inland marine insurance according to Soja. “One of our biggest challenges is just making sure we’re getting the right price for an exposure because of the increased cost of paying a claim,” the executive told Insurance […]
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How Covid has changed life insurance underwriting
Family and friends gather in San Felipe, Texas, for the Jan. 26, 2021, funeral of Gregory Blanks, 50, who died of Covid-19. Callaghan O’Hare | Reuters As Americans brace for the third winter of the Covid-19 pandemic, many are still grappling with ongoing related health and financial issues — including […]
PwC report highlights key insurance trends in the Middle East
According to the professional services giant, the events of 2020 led to unprecedented changes within the insurance industry, with insurers being met with escalating obligations to policyholders, including increased life and health claims. However, many insurance firms also went above and beyond their duty to support their customers and business […]