Trucking companies face shrinking margins from high insurance premiums, nuclear verdicts, and slow claims resolution, but safety tech and tort reform offer glimmers of hope.
Forrester Research predicts AI adoption will fuel higher cyber insurance premiums and reshape insurer expense ratios in 2026. Carriers must adapt as risk complexity and automation pressures mount.
With insurance take-up rates below 20%, Hurricane Melissa’s record-setting impact on Jamaica exposes significant coverage gaps. Verisk and Aon warn of rising insured and economic losses.
MGA underwriters are turning to AI, APIs, and automation to speed up quotes, reduce busywork, and adapt to increasingly complex risks like crypto, EV infrastructure, and IoT.
Gen Z values stability, but the insurance industry’s image as rigid, unethical, and uninspiring keeps them away. A new report shows what insurers must change to win them over.