Market News
Selecting the Right TPA for Captive Insurance Claims Management
Selecting a third-party administrator (TPA) is critical to a captive insurance program's success. The right TPA ensures effective claims management, regulatory compliance, and financial protection. Organizations should evaluate expertise, cost efficiency, data capabilities, and staff quality to align with their captive's needs and support long-term operational success. Read More
US Tariffs to Slow Global Economy and Insurance Premium Growth
Swiss Re projects US tariffs will slow global gross domestic product and insurance premium growth in 2025. Motor insurance faces rising claims from higher import costs. While insurer profitability remains supported by investment income, long-term trade fragmentation may raise costs and reduce insurability. Pockets of opportunity could emerge in credit and marine lines. Read More
Cyber-Insurance Market Outlook Remains Stable Despite Softer Conditions
AM Best has upheld its stable outlook on the global cyber-insurance market. Rising demand, increased cyber-risk awareness, artificial intelligence-enabled underwriting, and regulatory pressures support growth, even as systemic risks and ransomware threats persist. Small and midsize enterprises continue driving adoption amid evolving threat and compliance landscapes. Read More
What Directors and Officers Are Prioritizing in Cyber Risk for 2025
Willis' 2025 Global Cyber, Directors and Officers Survey highlights key cyber risks, insurance practices, and oversight trends. Boards and CEOs remain central to strategy, while preparedness and standalone cyber coverage are on the rise. The report underscores the evolving role of leadership in managing cyber threats and insurance decisions. Read More
Connecticut's Crumbling Foundations Captive Enters Final Phase
The Connecticut Foundation Solutions Indemnity Company, Connecticut's captive insurer for crumbling foundations, has replaced over 1,100 foundations and plans to conclude operations by 2031. With more than $172 million paid in claims, it seeks a final $100 million in funding to address remaining homeowners affected by pyrrhotite-related foundation failures. Read More