Market News

US E&S insurers experienced a 15 percent increase in direct written premiums in 2023, marking the 6th consecutive year of double-digit growth. Property insurance lines were the primary driver of this growth, with continued momentum expected due to higher pricing and increased policy volume, according to Fitch Ratings. Read More

Captive insurance companies rely on benchmarking tools to assess financial performance and risk exposure. By comparing key metrics with industry standards, captives can adjust strategies to enhance stability, manage risks effectively, and maintain long-term success in a constantly evolving market. Read More

Captive insurance allows small-to-midsize businesses to manage risks by self-insuring, reducing overall costs, and gaining control over premiums. Blended solutions share risk with traditional insurers, offering flexibility and financial benefits. While not for everyone, captives provide an effective alternative to conventional insurance strategies. Read More

Hong Kong's new risk-based capital framework, effective July 2024, enhances enterprise risk management (ERM) for insurers and reinsurers. It focuses on capital efficiency, transparency, and regulatory oversight, with insurers required to adapt their strategies. Group-wide supervision and increased disclosure requirements are expected to strengthen industry comparability and financial stability.  Read More

Captive insurance companies follow statutory accounting principles to meet regulatory requirements and maintain solvency. Managers must work with accountants and actuaries to ensure reserves are sufficient, investments are compliant, and financial strategies align with regulations to protect the captive's financial health and deliver long-term value.  Read More