Finance, Investments, and Accounting

Surplus Lines Insurers Wrote Record $82.6 Billion in Premiums in 2021

September 8, 2022

Total US surplus lines direct premiums written reached a record $82.6 billion in 2021, according to a new report from A.M. Best. The surplus lines industry’s momentum has continued thus far in 2022, the rating agency said. It was the US surplus lines market's largest year-over-year premium growth since 2003. Read More

Property-Casualty Industry Reserves Were Largely Unchanged in 2021

September 2, 2022

An annual study of the property-casualty insurance industry's loss reserves found little change in the industry's overall reserve position from 2020 to 2021. However, the study by Conning did find changes in reserve levels by lines of business. Read More

Property-Casualty Insurers Poised for Improved Underwriting Profits

April 1, 2022

North American property-casualty insurance companies are positioned for improved underwriting profits in 2022 due to continued commercial lines pricing trends favorable to insurers and likely stabilization of their personal auto business, according to Fitch Ratings. Read More

Ukraine Invasion Seen Having Significant Insurance Industry Impact

March 3, 2022

Russia's invasion of Ukraine will likely have a substantial impact on the global insurance industry in the near to middle terms, particularly given the fallout in the capital markets and the potential for widespread cyber attacks, according to A.M. Best. The invasion has had an immediate negative impact on stock markets. Read More

Amazon Courier Captives: A Solution That Really Delivers

January 26, 2022

Amazon's delivery model is a logistical marvel that also creates unique loss risks in its "last-mile" drivers that are well suited to captive insurance. A hard insurance market, like the one that the last-mile industry is facing, is common with relatively new risks that have clear high-risk characteristics. Read More