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Insights

The Growing Importance of Crime Insurance

Crime is a major loss driver for many businesses, but many standard insurance policies do not adequately cover crime. As crime rates are increasing, brokers need to work with their clients to understand coverage gaps, manage risks, and secure appropriate crime insurance...

The High Cost of Insuring Electric Vehicles

Electric vehicle sales are surging, but electric vehicle owners may have an unpleasant surprise awaiting them when they try to purchase motor insurance: insuring electric vehicles tends to be much more expensive than insuring petrol and diesel vehicles. Some insurers even refuse to offer coverage...

Mitigating the Growing Risk of Natural Catastrophes

Rising losses from natural catastrophes threaten both insurers and policyholders. Brokers are caught in the middle, having to explain premium price hikes while helping their clients secure coverage. Since the situation is likely to become worse, it is necessary to take action now to mitigate the growing risk of natural catastrophes.

Finding Insurance Solutions for Hard-to-Place Risks

Insurers have been reducing coverages, increasing rates, and in some cases, pulling out of difficult and unprofitable markets. As a result, some policyholders are receiving notices of nonrenewal, and many are having trouble securing the coverage they need at a rate they can afford. This puts business owners, homeowners and the brokers who serve them in a difficult position, but even in this difficult market, there are insurance solutions that can help.

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