AGP Executive Report
Last update: 10 hours agoCommercial Pricing: Global commercial insurance premiums fell 5% in Q3, marking a ninth straight quarterly decline, Marsh reported. Property rates dropped 10%, while casualty rose 1%. Cyber Cover: CFC research finds insured SMEs are 23 times more likely to have a formal cyber strategy, yet many do not know their policies may cover human error, incident response and legal support. Market Expansion: Dual secured a global title and legal indemnity binder with limits of up to £320m per real estate risk, backed by AXA XL and other carriers. Digital Claims: Kakao Pay Insurance says AI can assess claims and pay customers in as little as one second; the digital insurer has nearly 10 million users. Motor Liability: India’s motor third-party premium growth slowed to 9% in September, with a Kotak report pointing to possible insurer caution after a Supreme Court ruling on compensation for homemakers. Flood Protection: FEMA launched an online option for eligible homeowners nationwide to get quotes and buy National Flood Insurance Program coverage directly.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
