Market News
Insurers' Reserve Strength Offsets Near-Term Inflation Concerns
US property-casualty insurers' loss reserves mitigate near-term inflation concerns, though prolonged inflation could significantly increase the risks of significant pricing errors and reserve deficiencies, according to Fitch Ratings. The rating agency said the US property-casualty industry's statutory loss reserves remained adequate at the end of 2021. Read More
Insurance Prices Increased for 18th Consecutive Quarter in Q1
The rate of commercial insurance price increases declined for the 5th consecutive quarter during the first 3 months of 2022, though the quarter also was the 18th consecutive one of composite price increases, according to a new report from Marsh. Read More
A.M. Best Maintains Stable Outlook on London Market Insurance Segment
A.M. Best said it is maintaining its stable outlook on the London market insurance segment, citing such factors as continuing upward premium rate momentum, which Best expects to support better underlying performance, and reduced uncertainty around COVID-19 losses. Best also noted the London market's focus on modernization. Read More
Captives Prove Their Value during Trying Times
Captive insurance can help businesses address many of the challenges they've faced over the past 2 years with the pandemic and a hard insurance market. Many smart business owners have set up captives to efficiently transfer the risks they have retained as an effective complement to their standard insurance program. Read More
Premium Increases Continue for Most Commercial Lines in First Quarter
Premium renewal rates for nearly all major commercial insurance lines continued to increase year over year during the first quarter of 2022, according to the "IVANS Index," a regular premium renewal rate index compiled by the IVANS insurance exchange service. Read More