Market News
Insurance Sector's Systemic Risk Is Moderate, Though Trending Higher
Though systemic risk in the global insurance sector is trending upwards, it remains moderate and is low relative to that of the banking sector, according to the December 2022 "Global Insurance Market Report" from the International Association of Insurance Supervisors. Read More
Rating Agency Sees US Property-Casualty Performance Improving in 2023
US property-casualty insurers should see their operating performance stabilize or improve modestly in 2023, according to Fitch Ratings. The rating agency said the improved performance will result from commercial and personal lines price increases, a reversion to historical average catastrophe losses, and higher investment yields. Read More
Intermediaries Describe Challenging January Reinsurance Renewals
January 1 reinsurance renewals have been described as challenging, and in some cases frustrating, in analyses provided by two intermediaries. Renewals were often late and complex, with property renewals the most challenged sector with a stressed property catastrophe reinsurance market. Read More
Rating Agency Model Shows Property-Casualty Insurers' Capital Strength
The US property-casualty insurance sector continued to show extremely strong capital strength in 2021, as measured by Fitch Ratings' proprietary capital model. In Fitch's 10th annual special report, "2021 U.S. Non-Life Sector Prism Scores," Fitch covers the results from its Prism capital model for 49 US property-casualty insurance groups. Read More
Survey Finds Risk Managers Seeking Greater Role in ESG Initiatives
More than three-quarters of risk managers surveyed believe risk management should take a more active role in their organizations' environmental, social, and governance (ESG) initiatives. The Willis Towers Watson (WTW) survey found 77 percent of respondents calling for risk management to play a more active part in ESG initiatives. Read More