CB Insights – The Insurance Affordability Outlook

The main theme of the report concerns the issue of insurance affordability and the opportunities that technology provides to address this issue.

The report discusses reasons for rising insurance premiums, such as significant property losses due to natural disasters and social inflation. It emphasizes the need for the implementation of technologies such as agent AI, predictive analytics, and AI-driven risk insights to reduce costs and improve the insurance experience. It is expected that in the next 12-18 months, there will be a normalization of prices and deductibles, but current premiums are not sustainable, and the industry must act to support customers.