Market News
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
November "CICR" Analyzes Parametric Solutions
Don't miss the November issue of "Captive Insurance Company Report"s ("CICR"), in which Dr. Marcus Schmalbach, CEO of RYSKEX GmbH, analyzes how changing times have led to the embrace of parametric solutions to address risk in a VUCA (volatility, uncertainty, complexity, and ambiguity) world. Dr. Schmalbach's article will help you understand the implication for captives. Read More
Global InsurTech Funding Decreased Slightly in Third Quarter
Global InsurTech funding decreased 2.5 percent quarter on quarter during the third quarter of 2022 from $2.41 billion during the second quarter to $2.35 billion in the third quarter, according to the third-quarter 2022 "Gallagher Re Global InsurTech Report." Read More