Market News
New Tool Aims To Allow Real-Time Reinsurance Strategy Optimization
Guy Carpenter has launched a new tool aimed at supporting the structuring and optimization of reinsurance strategies in real time. MetaRisk Live allows clients to instantly evaluate the impact of changes to their reinsurance structures, supporting a better understanding of buying decisions, a Guy Carpenter statement said. Read More
ESG Considerations Seen Increasingly Influencing Insurers' Strategies
Insurers' underwriting and investment strategies will be increasingly influenced by environmental, social, and governance (ESG) considerations, according to Fitch Ratings. In a new report, "Global Insurance through an ESG and Sustainability Lens," Fitch said that evolving strategies could reshape some insurers' credit profiles, potentially affecting their credit ratings. Read More
Cyber-Risk Awareness Remains, but Survey Finds Signs of Complacency
While organizations remain rightly concerned about cyber threats as the exposure grows and evolves, a recent report suggests that there is a certain worrisome level of complacency around cyber-risk management and resilience efforts. The Beazley survey found the percentage of respondents listing cyber as the top technology risk decreasing. Read More
Strategic Risk Solutions Expands into France with New Paris Office
Independent insurance company manager Strategic Risk Solutions (SRS) has expanded into France with the opening of a Paris office. In addition to the Paris office, SRS Europe currently has offices in Guernsey, Ireland, Luxembourg, Malta, and Switzerland. SRS also has company representation in the Netherlands, Sweden, and the United Kingdom. Read More
Property-Casualty Insurers Could Post Worst Combined Ratio Since 2011
The property-casualty insurance industry's 2022 combined ratio is expected to worsen from 2021 and is projected to be the worst since 2011, according to an analysis by the Insurance Information Institute (Triple-I) and Milliman. Hurricane Ian and deterioration in the personal auto line are driving the change. Read More