Market News
Reinsurance Market Expected To Reach $1.34 Trillion by 2031 Amid Rising Demand
The global reinsurance market is expected to grow from $498.7 billion in 2021 to $1.34 trillion by 2031, with a 10.8 percent CAGR. Demand for property, casualty, and life reinsurance, driven by COVID-19 impacts, is fueling expansion, especially across the North America and Asia-Pacific regions. Read More
Turning Point for US Casualty Reserves: Lockton Re Predicts Stability Ahead
Lockton Re's report anticipates a stabilizing phase for US casualty reserves in 2025, as reserve demands from prior accident years ease. Improved reserve adequacy could influence pricing and market dynamics, particularly in excess casualty and directors and officers lines, with favorable impacts expected across various casualty segments. Read More
Global Insured Losses from Natural Disasters Top $102B, Aon Reports
Aon's third-quarter 2024 report reveals $102 billion in insured global natural catastrophe losses, with total losses likely to surpass 2023 levels. The United States saw 26 billion-dollar events, while Canada experienced record insurance losses. Global reinsurer capital is expected to grow despite significant recent disasters. Read More
November "CICR" Considers Captive Insurance in India
The November "Captive Insurance Company Reports" ("CICR") issue dives into the transformative potential of captive insurance in India, advanced fraud prevention tech, strategies for the hardening property market, and insights from recent industry webinars. Read More
WTW's "Insurance Marketplace Realities 2025": Evolution through Incremental Change
The "Insurance Marketplace Realities 2025" report explores trends in captive insurance, alternative risk transfer, and key coverages like health care, construction, and cyber liability. This overview highlights emerging risks, market shifts, and innovative solutions reshaping the insurance landscape for complex and multiline exposures. Read More