{"id":744,"date":"2022-01-09T10:47:43","date_gmt":"2022-01-09T15:47:43","guid":{"rendered":"https:\/\/www.wikifri.com\/?p=744"},"modified":"2022-01-09T10:47:43","modified_gmt":"2022-01-09T15:47:43","slug":"3-things-ma-activity-covid-losses-2022-predictions-01-07-2022","status":"publish","type":"post","link":"https:\/\/www.wikifri.com\/3-things-ma-activity-covid-losses-2022-predictions-01-07-2022\/","title":{"rendered":"3 Things – M&A Activity, COVID Losses & 2022 Predictions – 01\/07\/2022"},"content":{"rendered":"
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Happy New Year!\u00a0 We hope everyone had a wonderful holiday season, finished off a successful 2021 and are ready to go in 2022.\u00a0 We are back with our weekly learnings and this week features some news that should highlight some of the trends we expect in the new year including M&A activity continuing, COVID losses becoming more clear and other predictions.\u00a0 Here are the three things we learned:<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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M&A Continues with the Usual Acquirers<\/strong><\/p>\n

Last year was full of deal-making and it appears that trend will continue this year with many of the usual acquisitive parties continuing to make news.\u00a0 This week,\u00a0Acrisure announced the acquisition of Appalachian Underwriters<\/a>, a wholesale MGA platform.\u00a0 This looks a little different from Acrisure’s usual deals, they are touting the technology capability that Appalachian has but it would appear that they will also benefit from their scale and the niche markets they serve.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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COVID Loss $44B<\/strong><\/p>\n

Though the pandemic is on-going, it is starting to become clear the loss total that the industry will face.\u00a0 According to a report, total insured\u00a0losses attributable to COVID will top $44B<\/a>, making it the 3rd largest single event in history behind only Hurricane Katrina and the 9\/11 attacks.\u00a0 With the new variant causing more pains, does the number grow larger?\u00a0 Of course we did not see this coming in 2019 and thought that by 2022 it would be behind but it will remain a trend worth watching.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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2022 Predictions<\/strong><\/p>\n

This has been a big week of looking forward and trying to predictions.\u00a0 Yogi Berra once said that “It’s tough to make predicitions, especially about the future”.\u00a0 With that said there were several insightful words and we found from\u00a0Ian’s blog<\/a>\u00a0as well as\u00a0ITL’s take<\/a>\u00a0on the future for insurtech.\u00a0 One thing we know to be certain is that the insurance industry will continue to move forward and we will be following and serving as a resource to the industry.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Thank you for following us, we appreciate your feedback and continued support.\u00a0 Until next week… stay safe, stay productive!<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Happy New Year!\u00a0 We hope everyone had a wonderful holiday season, finished off a<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\n3 Things - M&A Activity, COVID Losses & 2022 Predictions - 01\/07\/2022 - Wikifri<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wikifri.com\/3-things-ma-activity-covid-losses-2022-predictions-01-07-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Things - M&A Activity, COVID Losses & 2022 Predictions - 01\/07\/2022 - Wikifri\" \/>\n<meta property=\"og:description\" content=\"Happy New Year!\u00a0 We hope everyone had a wonderful holiday season, finished off a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wikifri.com\/3-things-ma-activity-covid-losses-2022-predictions-01-07-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Wikifri\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-09T15:47:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wikifri.com\/wp-content\/uploads\/2021\/04\/Three-Things-300x157.png\" \/>\n<meta name=\"author\" content=\"Nick Coenen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nick Coenen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.wikifri.com\/3-things-ma-activity-covid-losses-2022-predictions-01-07-2022\/\",\"url\":\"https:\/\/www.wikifri.com\/3-things-ma-activity-covid-losses-2022-predictions-01-07-2022\/\",\"name\":\"3 Things - 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