For immediate release
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NEW YORK, Jan. 13, 2021— The Insurance Information Institute (Triple-I), an affiliate of The Institutes, has released its 2021 Insurance Fact Book, the premier “go-to” publication issued annually since the Triple-I’s inception in 1960 and an essential resource for anyone who needs the most up-to-date information on insurance.
“2020 provided a good illustration not only of how the disruption continuum is evolving, but also how the insurance industry is able to adapt and lead,” said Sean Kevelighan, CEO, Triple-I. “While the year began fairly normally, we very quickly encountered a global pandemic that still rages; a 2020 Atlantic hurricane season for the record books; and Western wildfires that burned their way through homes and businesses. All the while claims for covered catastrophes were paid in new and innovative ways, and many customers experienced premium rebates and returns from auto insurers, given the lack of driving during economic lock-downs.”
The 2021 Insurance Fact Book is a 239-page digital publication. It includes thousands of facts, figures, statistical tables, and charts documenting primarily the property/casualty insurance industry in the U.S. and worldwide. The publication offers details on auto, homeowners, and business insurance markets, with data on direct premiums written and the factors impacting the cost of these coverages. Moreover, there is voluminous information on the life/annuity insurance and reinsurance industries.
The 2021 Insurance Fact Book also has added new content to address many of the past year’s events, in such areas as: insurer response to the pandemic; civil disturbances and COVID-19; homeowners high-risk markets; and has expanded other areas, including data on commercial insurance.
Highlighted in the “Emerging and Evolving Insurance Issues” section are five unique insurance risks that have been impacted by the COVID-19 pandemic: business income (interruption) insurance; workers compensation; extreme weather; social inflation; and cyber.
The 2021 Insurance Fact Book is available for purchase from the Triple-I online store. Copies may be obtained free of charge by Triple-I members. The Insurance Fact Book helps inform each year the decisions of policymakers and business leaders and is an essential resource for journalists, researchers, and academics, among others.