The global FinTech market will grow to $1.3 trillion within 10 years
Estimated at $272 billion in 2023, the global FinTech market is projected to reach $725 billion by 2030 and $1.3 trillion by 2034.
The global reinsurance market has become more competitive in 6M 2024
Insurers achieved positive results of prolongation of reinsurance contracts in the middle of the year
USAID will finance war risk insurance for micro, small and medium enterprises of Ukraine
USAID has begun accepting grant applications from financial intermediaries interested in developing war risk insurance tools for micro, small and medium-sized enterprises.
The main risks for the insurance industry
The European insurance regulator EIOPA released a report in which it named the main risks for the industry
AM Best has revised its outlook for the global reinsurance market to positive
Ratings agency AM Best has revised its sector outlook for the global reinsurance industry from stable to positive.
The export credit agency is ready to insure investments against war risks in Ukraine
The Export Credit Agency has received and is processing the first application for insurance of investments of Ukrainian companies against war risks.
Ukraine’s new financing package includes political risk insurance for $357 million
The American International Development Finance Corporation (DFC) has announced a new financing package for Ukraine, which includes political risk insurance operations worth more than $350 million
Optimizing artificial intelligence will help insurers improve customer interactions
Digital processes are increasingly integrated into the insurance customer journey, with more than half of leading insurance companies now implementing AI-powered chatbots to streamline the customer experience.
According to the results of 2023, the volume of risk insurance premiums in Ukraine increased by 20%
The National Bank of Ukraine presented the Annual Report for 2023, which contains the most important results and changes in the macro-financial system of Ukraine during the second year of full-scale war.
Global life insurance market forecast: $4 trillion in premiums by 2034
Over the next decade, an additional $1.5 trillion in life insurance premiums will be generated worldwide – more than double the amount generated in the previous decade, the Swiss Re Institute predicts.
The most important political risk in 2024 is the war in Ukraine
According to the annual study, the most important political risk in 2024 is the war in Ukraine, the consequences of military actions and the risks of conflict escalation.
The insurance and reinsurance industry must change its approach to cyber risks
Although the perception of increased systemic risk in cyber insurance and reinsurance is sustainable, rates still remain lower compared to natural catastrophe risks.
New M&A trends in the global insurance market in 2024
Deloitte presented the New Trends in Insurance M&A study on new M&A trends in the insurance market for 2024-2025
Climate threats and geopolitical risks are on the list of the most important problems for insurers
Analysts of the international rating agency Moody's presented a list of the most important problems faced by the global insurance industry.
How do other tech and fintech innovations drive the digital transformation of insurers?
To meet the demands of today's consumers, companies must constantly innovate.