For immediate release
New York Press Office: (212) 346-5500; email@example.com
NEW YORK, January 8, 2020— The Insurance Information Institute (Triple-I) has released the 2020 Insurance Fact Book, a 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.
“As we welcome a new decade, the challenges before the insurance industry are vast,” said Sean Kevelighan, CEO, Triple-I. “The catastrophic severity shock from the last decade, which included eight of the top 10 natural catastrophes in terms of economic losses, represents a more than 660% increase from the decade of the 1980s. There’s a lot to know about all the disruption happening, and our annual Insurance Fact Book is an ideal resource for better understanding the new risks insurers face – both natural and man-made.”
The 2020 Insurance Fact Book is a 234-page digital publication. It features facts, figures, statistical tables, and charts on U.S. and global insurance markets. The Fact Book also includes detailed data on the direct premiums written and the factors impacting the cost of auto, homeowners, and business insurance in the U.S.
Three unique insurance risks—cybersecurity, extreme weather, and social inflation—are highlighted in a newly-created section of the Fact Book called Emerging and Evolving Insurance Issues. Other new components of the publication include information and charts on storm surge risk; marijuana use and workers compensation insurance; and special insights from the 2019 Small Business Cyber Insurance and Security Spotlight Survey. The survey was conducted jointly last year by the Triple-I and J.D. Power.
The 2020 Insurance Fact Book is available for purchase from the Triple-I’s online store. Copies may be obtained free of charge by Triple-I members. Previous editions of the Fact Book have been popular with public policymakers, journalists, academics, and business leaders, among others.
THE I.I.I. IS A NONPROFIT, COMMUNICATIONS ORGANIZATION SUPPORTED BY THE INSURANCE INDUSTRY.
Insurance Information Institute, 110 William Street, New York, NY 10038; (212) 346-5500; www.iii.org