The Earnix Blog

Let's take a closer look at five additional topics and statistics, following our annual research report, “Insurance Operations in a Changing Industry,” which is based on survey results from nearly 400 global insurance executives.

Many insurers are now getting back on track after suffering some of the worst years in their history. Rate increases are also expected to play a role, especially for home insurance premiums. In 2024, many insurers are planning to increase national premiums in the low double digits. These gains can come at the cost of real pains for home and auto insurance customers. Policyholders will now face much higher, even exponential prices for home and auto insurance.

We will focus on some of the technical aspects behind the generation of Synthetic Data, present some detailed information as to its effectiveness in mimicking original data statistical properties, and present some interesting applications which go beyond replication of the original data.

As insurers continue to face lingering economic conditions and challenging markets, they are devising new strategies in response. One interesting shift is insurers’ increased focus on profitability instead of growth.