The “Insurance Brokers and Agents Market” is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Insurance Brokers and Agents market is expected to grow annually by 5.5% (CAGR 2023 – 2030). Insurance Brokers and Agents Market Overview and Report Coverage The Insurance Brokers and Agents market…
What Is a Cedent? A cedent is a party in an insurance contract who passes the financial obligation for certain potential losses to the insurer. In return for bearing a particular risk of loss, the cedent pays an insurance premium. The term cedent is most often used in the reinsurance industry, although the term could apply to any insured…
The US crop insurance segment faced significant challenges in 2022, despite reaching a record high of $21.5 billion in premiums, according to a new report by AM Best. Widespread drought and unfavorable growing conditions led to an underwriting loss for the industry. The U.S. crop segment comprises both the federal Multi-Peril Crop Insurance (MPCI) program and private crop insurance…