Allister Yu, senior vice president of operations at Rhoads, a provider of insurance technology solutions, explains that as insurance markets rapidly change, companies must make sure their distribution partners are properly credentialed.

Despite new challenges on the horizon, U.S. life/annuity insurers navigated the pandemic and emerged with solid balance sheets, capitalization and liquidity, said Edward Kohlberg, director, AM Best, referencing a new Best's Market Segment Report.

Despite numerous economic challenges, surety bond underwriters have maintained profitability by keeping losses relatively low, said AM Best Associate Director David Blades and Senior Financial Analyst Robert Valenta.

Live audiences, effects and high-profile individuals are among insurers’ safety and order concerns for awards shows such as the Academy Awards, said Kurt Miner, managing director of Allianz Risk Consulting’s Entertainment Division.

U.S. title insurers' net underwriting income again grew 40% in 2021, but the segment faces several headwinds, said Kourtnie Beckwith, senior financial analyst, AM Best, referencing a new Best's Market Segment Report.

EVs can be heavier than combustion engine cars due to the weight of the batteries, said Robert Passmore, department vice president of personal lines, American Property Casualty Insurance Association. Electric vehicles also tend to accelerate faster.

A recent Broadridge survey found only 11% of consumers believe the insurance industry provides a quality customer experience and 26% are confused by insurers’ communications, said Matt Swain, head of communications insights and experience at Broadridge.

Eric Coleman, senior vice president, commercial lines, Nationwide, said the restaurant industry has recovered from the pandemic, and most owners are increasing focus on insurance while face growing pressures such as rising costs and changing building valuations. 

Nicholas Aiola, chief executive, Priority Life, a health and life insurer, says that now that the pandemic is waning, so too are life insurance sales. Health policies, meanwhile, are on the upswing.

Andrew Schwartz, an analyst with Celent, discusses the decline in insurtech funding and the associated factors, including lackluster return on investment from past spending.