Market News
Most Commercial Lines Continued To See Premiums Increase in Q3
The premium renewal rate change for all major commercial insurance lines increased year over year during the third quarter, except for workers compensation, which remained negative, according to the "Ivans Index," a regular premium renewal rate index compiled by the Ivans insurance exchange service. Read More
Cyber-Insurance Purchases Increasing, Though Market Challenges Buyers
While more businesses are purchasing cyber insurance, risk managers are facing growing difficulties navigating the challenges of the cyber-insurance market, a new survey found. The "Information Security and Cyber Risk Management Survey" from Zurich North America and Advisen Ltd. found 86 percent of survey respondents have cyber insurance. Read More
Pace of Global Insurance Price Increases Continued To Slow in Q3
Global commercial insurance prices increased 6 percent in the third quarter of this year, though the pace of those price increases slowed for the seventh consecutive quarter, according to the "Marsh Global Insurance Market Index." The third quarter also was the 20th consecutive in which composite pricing rose. Read More
S&P Revises US P&C Insurance Sector Outlook to Negative
S&P Global Ratings has revised its view on the US property and casualty (P&C) insurance sector to negative from stable, reflecting the rating agency’s expectation of wider credit trends over the next 12 months. S&P described rating activity in the US P&C sector as “muted” so far this year. Read More
Climate Change Emerges as Top Concern in 2022 Future Risks Report
For the first time, climate change stands as the top risk cited by experts surveyed for an annual report about the risks they see as most troubling. Climate change is the top risk among experts surveyed in all regions of the world in this year's "AXA Future Risks Report 2022." Read More