The insurance industry is poised for significant transformation in 2025, with new products, trends, and technologies reshaping the way businesses protect themselves. Here’s what to expect and how to prepare.
With the increasing frequency of natural disasters, insurers are focusing on climate-resilient products for industries like hospitality and motor sports.
Key Stat: Climate-related claims increased by 40% over the past three years.1
Prediction: Expect more insurers to include flood, fire, and storm coverage in standard policies.
Event-specific coverage is becoming a staple for industries hosting one-off events, from gaming tournaments to motor sports competitions.
Key Stat: Temporary event insurance demand rose by 20% in 2024.2
Prediction: Policies will become even more customizable, allowing businesses to mix and match coverage types.
As cyberattacks grow, insurers will offer broader cyber liability policies to cover ransomware payments, legal costs, and PR damage control.
Key Stat: Cyber claims in gaming and hospitality increased by 30% last year.3
Prediction: Cyber insurance will shift from optional to essential for most industries.
Motor sports teams and logistics-heavy industries will see expanded use of telematics to determine premiums based on real-time data.
Key Stat: Telematics adoption in motor sports grew by 18% in 2024.4
Prediction: Usage-based policies will reduce premiums for low-risk operators.
From climate resilience to cyber protection, the future of business insurance is innovative and adaptive. Stay informed, assess your risks, and work with a trusted insurer to ensure your business is ready for 2025 and beyond.
read More
In the hospitality industry, risk often hides behind the scenes—from slip and fall accidents to devastating property damage and rising cyber threats. With 40% of hotel liability claims tied to falls and billions lost annually to fires and data breaches, even one incident can threaten a business’s future. Insurance isn't just about covering losses—it’s about protecting your people, your property, and the trust your guests place in you.
read More
Slips and falls cause 30% of all liability claims. Equipment downtime can cost $30,000/hour. Foodborne illness lawsuits? Up to $100K. Whether you run a corner café or a national chain, risk is everywhere. The right insurance protects your people, property, and profits.
read More
In motorsports, risk isn’t optional—it’s built into every lap, race, and event. With nearly half of on-track incidents involving driver injuries and the majority of spectator injuries occurring at motorsport events, the potential for costly setbacks is constant. Insurance does more than cover damage—it keeps teams, organizers, and sponsors in the race when the unexpected hits.
