Global property insurance prices increased by 10% in 2023
Global property insurance prices increased by an average of 10% in the second quarter of 2023, as in the first quarter.
83% of companies are actively looking for additional insurance coverage
83% of business owners expressed concern about specific events or losses that could affect their business
Global consumer demand for embedded insurance is huge
Embedded insurance is becoming a popular trend for financial companies that plan to receive at least 10% of this type of service within three years.
Insured losses from natural catastrophes consistently exceed the decade average
The main reason for the rapid growth of losses from natural disasters is climate change and the increased risk of floods, hurricanes and forest fires.
How are InsurTech innovations changing the shape of the insurance industry?
Waterstreet has revealed its vision of the future of insurance in its study, shedding light on the transformative impact of innovations in insurance technology, artificial intelligence (AI), machine learning, and blockchain on the industry landscape.