Our Promise

We are the Insurance Information Institute. Since 1960, the "Triple I" has had a single mission: To improve public understanding of insurance—what it does and how it works. We are here to serve everybody: consumers; students and educational institutions; insurance professionals; government and regulatory organizations; and the media. Learn More
I.I.I. Economic Snapshot: Second Quarter 2018

This forward-looking report provides an overview of the P/C industry at the end of the first quarter in context to the overall economy, with a focus on personal and commercial lines financial trends. Real GDP growth has shown unexpected strength in recent calendar quarters.

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New and Trending

Homeowners + Renters Insurance Peer-to-peer home rental

Before you consider renting out your home, first contact your insurance professional so you fully understand the financial risks and can take the proper precautions. Here's some general information to jumpstart your insurance conversation. 

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Insight + Analysis

Insurance Industry Inflation Watch - June 2018

Headline inflation rose by 2.9 percent in June 2018 vs. June 2017, which is the largest 12-month increase since the period ending February 2012. The core CPI—the overall index minus the effects of price changes for food and energy—rose 2.3 percent for the 12 months ending June 2018—the largest increase since the period ending January 2017. 

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I.I.I. Glossary

STATUTORY ACCOUNTING PRINCIPLES / SAP- More conservative standards than under GAAP accounting rules, they are imposed by state laws that emphasize the present solvency of insurance companies. SAP helps ensure that the company will have sufficient funds readily available to meet all anticipated insurance obligations by recognizing liabilities earlier or at a higher value than GAAP and assets later or at a lower value. For example, SAP requires that selling expenses be recorded immediately rather than amortized over the life of the policy. (See GAAP accounting, Admitted assets )

SURETY BOND- A contract guaranteeing the performance of a specific obligation. Simply put, it is a three-party agreement under which one party, the surety company, answers to a second party, the owner, creditor or “obligee,” for a third party’s debts, default or nonperformance. Contractors are often required to purchase surety bonds if they are working on public projects. The surety company becomes responsible for carrying out the work or paying for the loss up to the bond “penalty” if the contractor fails to perform.

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Thought Leadership

I.I.I. News Wire

MEDIA ADVISORY: As California Governor Declares State of Emergency, I.I.I. Experts Are Available to Discuss Insurance Implications of Wildfires

FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com   Janet Ruiz, Insurance Information Institute (707) 490-9365   LAKE COUNTY, CA, June 27, 2018 — Reporters covering the northern California wildfires are encouraged to contact the Insurance I… Read More

Insurers Provide Stability To Financial Markets And The Overall Economy

FOR IMMEDIATE RELEASE  New York Press Office: (212) 346-5500; media@iii.org  Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com   NEW YORK – (June 05, 2018) – While consumers understand insurance as protection against financial loss, the… Read More

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Events Calendar

Wharton Insurtech Hackathon
September
07
2018
Philadelphia, PA
I.I.I. Talent Recruitment Event
September
17
2018
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