US EditionWhat's Next for Insurance Prices? "The Price War Is Over"
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— We drive increasingly expensive cars, we pay more and more for spare parts, garage services, etc. The average value of a claim in Poland will certainly increase, and therefore the average price of a policy will also go up — Artur Borowiński, CEO of Ergo Hestia, one of the largest Polish insurers, tells Business Insider. He also reveals how climate change, such as last year's flood in the south-west of the country, affects the industry's result…
The disaster bond market is experiencing a record year. According to the industry service Artemis, the volume of outstanding bonds increased by 15.5 percent to 57.1 billion dollars (50.3 billion euros) in the first five months of this year alone. Also, the volume of issued bonds is increasing and is already well above the value of the first half of 2024 – at one more month. Specifically, Artemis' experts recorded a volume of 15 billion dollars i…
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