Market News
Cyber Premiums Fall for First Time as Pricing Pressures Mount
US cyber insurance premiums fell 2.3 percent in 2024, the first decline since tracking began. AM Best attributes the drop to pricing cuts, not reduced demand. Surplus lines insurers maintained market share, while some large firms shifted cyber risk to single-parent captives, bypassing regulatory reporting. Profitability in the segment remains strong. Read More
FERMA Urges Strategic Foresight as Leadership Transition Nears
FERMA emphasized the need for strategic foresight and integrated risk frameworks during its general assembly, announcing new leadership and initiatives. Outgoing President Charlotte Hedemark highlighted evolving global risks, while Incoming President Philippe Cotelle pledged continued advocacy and innovation to support risk professionals navigating uncertainty across time horizons and industries. Read More
Cyber Threats Escalate as Reputational Risk and Systemic Events Converge
Aon's 2025 Global Cyber Risk Report reveals rising ransomware frequency, declining payouts, and growing reputation risk. Malware and systemic events threaten shareholder value, while midsized firms remain highly exposed. Despite a soft insurance market, key risks remain uninsurable, urging companies to invest in preparedness, cyber controls, and integrated risk strategies. Read More
Airmic Report Highlights Strategic Priorities and Risk Landscape for 2025
Airmic’s 2025 member survey examines how risk professionals are addressing today’s complex risk environment. The report highlights the role of captive insurance, cyber risk, and emerging threats, emphasizing strategic tools like horizon scanning, scenario analysis, and adaptability to navigate geopolitical, technological, and climate-driven uncertainties. Read More
Captives and RRGs: Understanding the Key Differences
Risk retention groups (RRGs) and captive insurance companies both help organizations manage risk but differ in structure and regulation. RRGs offer liability coverage under federal law with multistate access, while captives—formed under state law—can insure a broader range of risks. Understanding these distinctions is key to informed risk financing decisions. Read More