Are We at a Tipping Point? Read Our March 2024 Lockton Market Update After some difficult market experiences in recent years, most buyers should expect more stability during annual renewals early in 2024. Moreover, we may be on the verge of a shift in the overall tenor of the market: Don’t expect pricing to suddenly and rapidly decline, but with insurers seeing strong earnings, more competition and predictability could be in store in the coming year. The challenge — and opportunity — for buyers is to think strategically by asking difficult questions, including their philosophy on buying insurance and how much risk and volatility they are willing to keep on their balance sheets. Explore our March 2024 Lockton Market Update now for more insights on the state of the market. https://lnkd.in/gJrQz9MS
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After some difficult market experiences in recent years, most buyers should expect more stability during annual renewals early in 2024. Moreover, we may be on the verge of a shift in the overall tenor of the market: Don’t expect pricing to suddenly and rapidly decline, but with insurers seeing strong earnings, more competition and predictability could be in store in the coming year. The challenge — and opportunity — for buyers is to think strategically by asking difficult questions, including their philosophy on buying insurance and how much risk and volatility they are willing to keep on their balance sheets. Explore our March 2024 Lockton Market Update now for more insights on the state of the market. https://lnkd.in/eRh9rXhq
Lockton Market Update | Lockton
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Economic indicators like unemployment claims and manufacturing indices are crucial for better understanding the health of the U.S. economy. These indicators can provide insights into job market stability and the manufacturing sector's performance, which may significantly impact financial security. One potentially effective way to mitigate some of the risks highlighted by these economic fluctuations is through insurance. Click to learn more about how to help safeguard against economic changes. #Insurance #RiskMitigation #EmpoweringInsights https://conta.cc/3M8V8WJ
Empowering Insights
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Rising investment income, a growing economy and a (thus far) relatively mild 2024 wind season have helped keep commercial insurance market conditions largely favorable to buyers. Despite this, there is still an underlying sense of fragility in both the economy and the insurance marketplace. Read our latest Lockton Market Update https://lnkd.in/g99qyVDy
Lockton Market Update | Lockton
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As economic dynamics evolve, businesses face critical challenges and opportunities. Discover how factors such as inflation rates and labor market trends impact investment decisions and the insurance market. Dive deeper with our latest Markets in Focus report >> https://lnkd.in/g_66R_4b #thePSFdifference
Markets in Focus :: General Insurance Q1 2024
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A resilient U.S. economy, easing inflation pressures, and expectations for an eventual shift to interest rate cuts have given corporate America confidence to boost authorized share repurchases. Read this week's #WeeklyMarketCommentary to learn more: https://hubs.la/Q02mstzx0
Weekly Market Commentary | Seapoint Wealth Advisors | San Diego, CA
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In 2023, the global market for Insurance Analytics was valued at approximately $12.7 billion, and it is anticipated to expand to $33.3 billion by 2030, experiencing a compound annual growth rate of 14.8% from 2023 to 2030. This thorough report offers a detailed examination of market dynamics, influencing factors, and future projections, enabling you to make well-informed business choices. https://buff.ly/3Cfkm45 #insuranceindustry #underwriting
Insurance Analytics Market Report 2024-2030 - Why Insurers are Rushing to Embrace Analytics: Boost Underwriting, Fight Fraud, and Meet Growing Customer Demands
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The most interesting takeaway for me is a stat from report that indicates that "This decade has already experienced five of the highest six years in terms of overall billion-dollar-plus claims events (after adjusting for inflation) in the history of the industry." Clearly, higher claim volumes and severity are here to stay. The challenge for the entire ecosystem is to continue to improve claim efficiency and accuracy to ensure our industry stays healthy.
2025 Personal and Commercial Lines Annual Insurance Outlook
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What will insurance look like in 2040? A new study by Economist Impact, sponsored by SAS, explores four potential futures for the industry. #Insurance2040 http://2.sas.com/6047s95YS
Revealing the paths to #Insurance2040
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What will insurance look like in 2040? A new study by Economist Impact, sponsored by SAS, explores four potential futures for the industry. #Insurance2040 👉http://2.sas.com/6043slSjt
Revealing the paths to #Insurance2040
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June Market Update! Despite continuing concerns about natural catastrophe losses, social inflation, and geopolitical uncertainty, insurers are reporting strong returns and are increasingly competing for business across a number of lines. The result: greater stability and predictable renewal outcomes. For buyers, it’s essential to continue to challenge existing thinking, rather than simply renewing insurance programs as is. Now is the time to revisit past assumptions, reexamine limit adequacy, and capitalize on safety and risk mitigation investments. https://lnkd.in/eUxsEUxs
Lockton Market Update | Lockton
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