Total global premium income grew by €557 billion to reach €7.0 trillion in 2024. Life insurance accounted for the largest share of this, generating €2,902 billion in premiums. Property and casualty (P&C) insurance followed at €2,424 billion, while health insurance contributed €1,682 billion.
The acquisition adds approximately $2 billion in enterprise value to The Standard’s group benefits division to expand its footprint in the voluntary benefits space, complementing its offerings in disability, life, dental, vision, and paid leave services. Source link
Human element in the workplace Another risk is the human element. The workforce in 2025 includes four generations, namely Baby Boomers, Gen X, Millennials and Gen Z, creating both opportunities and challenges. Each generation brings different values, work preferences and skills, making recruitment, development and retention more complex. Source link
Claims severity has risen, especially with high-profile systemic events and persistent privacy litigation. At the same time, Schnur said, underwriting practices have become more refined, and clients, particularly those in the mid-market and enterprise tiers, are significantly more cyber-savvy than they were five years ago. Source link
Monica Adwani (pictured) has spent nearly 20 years in corporate and independent insurance roles. Raised in Puerto Rico and now based in Massachusetts, she’s seen how systemic oversights – from a lack of bilingual agents to performative DEI programs – fail to meet the needs of Latino entrepreneurs. Real inclusion means designing policies with these…
Marsh also accuses Aon, McDonough, and other former employees of using confidential information to solicit clients. The complaint notes that the day after the mass resignation, a long-standing Marsh client informed the company it would move its business to Aon, naming McDonough as its primary contact. Additional clients have reportedly followed. Source link
Insurify projects average auto premiums could rise 19% in 2025, up from 5% before the tariffs were factored in. Of that increase, 7% is attributed to the latest global tariffs, 4% to steel and aluminum duties, and 3% to North American trade impacts. The benchmark is reinforced by the COVID-19 pandemic, when replacement costs for…
