AGP Executive Report
Last update: 11 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.
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