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The trusted source of unique, data-driven insights on insurance to inform and empower consumers.
Usage-Based Insurance Gets Confidence Boost During COVID-19 Pandemic
Drivers seem to have become more comfortable in the past year with the idea of giving up their data to help insurers more accurately price their coverage. In May 2019, mobility data and analytics firm Arity surveyed 875 licensed drivers over the age of 18 to find out how comfortable they would be having their … Continue reading Usage-Based Insurance Gets Confidence Boost During COVID-19 Pandemic →
POSTED NOVEMBER 23, 2020 7:02 PM |
Tribal Communities Disproportionately Hurt by COVID-19
The COVID-19 pandemic has disproportionately affected minority communities across the United States. A less reported but no less significant part of that story has been the disease’s impact on tribal populations. According to the Center for American Progress, the Navajo Nation has one of the highest infection rates in the country – and they’re not … Continue reading Tribal Communities Disproportionately Hurt by COVID-19 →
POSTED NOVEMBER 20, 2020 7:34 PM |
House Panel Discusses Approaches to Manage Future Pandemic Risk
That the insurance industry alone can’t be expected to cover future pandemic risk seemed to be a given at yesterday’s hearings by the House Finance Subcommittee on Housing, Community Development, and Insurance. But, as is so often the case, the devil is in the details. The session – Insuring Against a Pandemic: Challenges and Solutions … Continue reading House Panel Discusses Approaches to Manage Future Pandemic Risk →
POSTED NOVEMBER 20, 2020 2:04 PM |
Triple-I/Milliman Report: 2020 Turmoil Takes Toll on P/C Insurer Finances
The global pandemic and costly natural catastrophes will contribute to a projected 101.7 combined ratio for the U.S.’s property/casualty (P/C) insurers in 2020, higher than the 98.8 the industry posted last year, according to the latest Underwriting Projections: 2020-2022 report from Insurance Information Institute (Triple-I) and Milliman. The combined ratio is the percentage of each … Continue reading Triple-I/Milliman Report: 2020 Turmoil Takes Toll on P/C Insurer Finances →
POSTED NOVEMBER 17, 2020 10:50 PM |
Top Insurance Markets to See 4.5 Percent GDP Decrease In 2020
The world’s 10 largest insurance markets are cumulatively expected to see their Gross Domestic Product (GDP) decrease by 4.5 percent in 2020 compared to 2019 because of COVID-19, according to Triple-I’s Global Macro and Insurance Outlook: Q4 2020 report. “All things being equal, higher economic activity drives premium growth higher while lower economic activity drags … Continue reading Top Insurance Markets to See 4.5 Percent GDP Decrease In 2020 →
POSTED NOVEMBER 16, 2020 3:41 PM |
Friday the 13th is less scary with insurance
Superstitious people consider Friday the 13th an unlucky day. The irrational fear of the number 13 even has a scientific name: triskaidekaphobia. While Friday falls on the 13th at least once every calendar year, it can happen up to three times in the same year. Whether you believe in this unlucky day or not, if … Continue reading Friday the 13th is less scary with insurance →
POSTED NOVEMBER 13, 2020 4:45 PM |
Insurance Information Institute and The Institutes Finalize Affiliation
The Institutes, the leading provider of risk management and insurance education and research, today announced plans to finalize its affiliation with the Insurance Information Institute (Triple-I) on November 16, 2020. Triple-I is a long-standing, trusted source of unique, data-driven research and insights on insurance. Both organizations are not-for-profit entities committed to benefiting society at large. “Together, … Continue reading Insurance Information Institute and The Institutes Finalize Affiliation →
POSTED NOVEMBER 12, 2020 6:51 PM |
COVID-19-Related Litigation: A Snapshot
At a recent webinar hosted by the American Tort Reform Association (ATRA), Cary Silverman, a partner at the law firm of Shook, Hardy & Bacon, presented a breakdown of COVID-19-related litigation drawn from his firm’s research. The charts below are based on 4,283 complaints that – while not comprehensive – provide a useful snapshot of … Continue reading COVID-19-Related Litigation: A Snapshot →
POSTED NOVEMBER 12, 2020 4:34 PM |
Triple-I’s Chief Actuary: Insurers Are Navigating COVID-19’s Economic Fallout
The pandemic affected almost every link in the property/casualty value chain, but the industry weathered the stress well, according to Triple-I’s chief actuary, James Lynch. “The U.S.’s property/casualty (P/C) insurers provided premium relief, retained employees, and weathered a capital market downturn while navigating this year’s COVID-19 pandemic,” he said at the Casualty Actuarial Society’s (CAS) … Continue reading Triple-I’s Chief Actuary: Insurers Are Navigating COVID-19’s Economic Fallout →
POSTED NOVEMBER 10, 2020 7:55 PM |
COVID-19: Impact on Auto Insurance
Triple-I’s chief actuary, James Lynch, gave this talk on the changes that COVID-19 is bringing to the automobile insurance business, at the American Academy of Actuaries Annual Meeting last week. “Thanks for inviting me to be part of such an august panel. I wanted to spend a few moments talking about what Insurance Information Institute … Continue reading COVID-19: Impact on Auto Insurance →
POSTED NOVEMBER 10, 2020 1:04 PM |
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