Market News

All Commercial Lines Saw Year-over-Year Premium Increases in February 2023

March 17, 2023

All commercial insurance lines experienced year-over-year increases in average premium renewal rate in February 2023, according to the "Ivans Index," a regular premium renewal rate index compiled by the Ivans insurance exchange service. Business owners policy and commercial property continued to post the highest premium renewal rate increases. Read More

Insurance Price Increases Continued in Q4, Though at a Slower Pace

March 16, 2023

US commercial insurance prices continued to increase in the fourth quarter of 2022, though the pace of those increases slowed from the prior quarter, according to Willis Towers Watson (WTW). WTW's Commercial Lines Insurance Pricing Survey found that commercial insurance prices increased 4.8 percent during 2022's final quarter. Read More

US Property-Casualty Reinsurers Reported Premium Growth in 2022

March 16, 2023

A group of US property-casualty reinsurers wrote $81.0 billion of net premiums during the 12 months ending December 31, 2022, according to the Reinsurance Association of America (RAA). The 2022 premiums were up from $74.6 billion written in 2021, the RAA said. Read More

5 Ways Group Captives Help Members Foster a Culture of Safety

March 15, 2023

In group captive insurance, members' ability to create a safe workplace is pivotal in lowering their total cost of risk. The foundation of a safe workplace is a culture of safety that ultimately drives superior loss performance. Read More

Marsh, Aon, Artex Top List of Largest Captive Managers in New Survey

March 14, 2023

Marsh Captive Solutions was the world's largest captive insurance company manager in 2022, with 1,567 captives under management, according to a new "Business Insurance" survey. The Marsh-managed captive insurance companies were in 54 domiciles and generated nearly $70 billion in gross premium volume last year, "Business Insurance" found. Read More