In 2023, the US P&C insurance sector recorded a net underwriting loss of $21.2 billion, a slight improvement from the previous year’s $24.9 billion loss. This period also saw the worst underwriting loss in a decade, primarily due to severe weather-related losses, persistent inflation, and rising reinsurance costs.
The downstream energy sector saw limited major losses in 2024, encouraging insurers to reduce rates. However, potential losses in the first quarter of 2025 have already reached $1.5 billion, exceeding the prior year’s total, introducing potential volatility. Source link
Insurance broking unit Marsh posted standout results with revenue of $3.5 billion, up 15% overall and 5% on an underlying basis. Regional growth was led by Latin America (+8% underlying), followed by EMEA (+6%), Asia Pacific (+4%), and the US/Canada (+4%). Source link
LIC’s Jeevan Dhara Plan is a robust and flexible retirement solution that caters to a wide range of needs. Whether you’re looking for an enhanced pension, a return of premium, or a combination of both, this plan offers options that can be customized to fit your lifestyle and financial goals. With guaranteed benefits and the…
