Market News

AI in Captive Insurance: Risks, Benefits, and Emerging Coverage Opportunities

September 23, 2024

Artificial intelligence is revolutionizing captive insurance, streamlining operations, and enhancing risk management. While AI brings efficiency and predictive analytics benefits, it also introduces risks like algorithmic bias, cyber-security threats, and compliance issues. Captives can offer tailored coverage to address these risks, positioning them to fill gaps in traditional insurance markets. Read More


Asia-Pacific Reinsurers Show Strong Results Amid Improved Investment Conditions

September 20, 2024

Asia-Pacific reinsurers achieved a 9.2 percent return on equity, driven by improved investment conditions and stable underwriting in 2023. Many reinsurers are expanding overseas to boost profitability while maintaining strong capital positions and diversifying their business lines to better manage risks and reinsurance cycles. Read More


US Workers Compensation Segment Continues Its Winning Streak

September 20, 2024

AM Best’s report shows that the US workers compensation insurance segment continues to be the most profitable line in the property and casualty market. Contributing factors include declines in loss frequency, favorable reserve development, wage growth, and effective workplace safety initiatives despite pricing decreases over the past 9 quarters. Read More


US Insurers Face Increased Downgrades Amid Challenging Market Conditions

September 19, 2024

AM Best's report shows a 60 percent rise in downgrades for US insurers in 2023. Key factors include worsening market conditions, rising loss costs, and geographic risk. Personal lines insurers were heavily impacted, while commercial lines saw more upgrades despite an increase in downgrades for the year. Read More


Howden Expands into Japanese Retail and Captive Insurance Markets with Foresight Acquisition

September 19, 2024

Howden has expanded its presence in Japan by acquiring Foresight, a firm offering retail brokerage and captive insurance services. This acquisition enhances Howden's global captive management capabilities, now overseeing around 100 captives worldwide, and supports its broader growth strategy in the Japanese market. Read More