Market News
Q2 2024 Sees Mixed Premium Renewal Rate Changes for Commercial Insurance
"Ivans Index" reveals most commercial insurance lines saw year-over-year premium renewal rate increases in Q2 2024, except for workers compensation and general liability, which experienced decreases compared to Q1. Learn More
Reinsurers Can Withstand Preliminary Loss Estimates from CrowdStrike Incident
Fitch Ratings finds that the CrowdStrike incident will have limited financial impact on global reinsurers despite preliminary loss estimates. Learn More
Global Commercial Insurance Rates Flat in Q2, Ending 26-Quarter Increase Streak
Global commercial insurance rates remained flat in Q2 2024, ending a 26-quarter streak of rising rates, driven by increased competition among insurers. Read More
New Captive Insurer Eases Rising Insurance Costs for Affordable Housing
Discover how a captive insurance solution can address the unique challenges of NYC's affordable housing market. Read More
Aon Survey Finds Businesses Lag in Addressing "Megatrend" Risks
Aon's survey shows 72 percent of business leaders feel unprepared for global megatrends, emphasizing the need for better risk management and data analytics. Read More
Q1 2024 Natural Catastrophe Losses Manageable for Governments and Insurers
Gallagher Re's Q1 2024 report reveals $43B in economic losses, 17 percent below the 10-year average, with a focus on transitioning El Niño conditions impacting future weather. Read More
Cyber Insurance Poised for Global Expansion, Driven by Innovation
Howden's latest report indicates a stabilizing cyber insurance market, with growth fueled outside of the United States and for small to medium-sized enterprises. Innovation and robust capital inflows are essential factors. Read More