Market News
Digital Transformation, Cyber Risks Make Cyber Resilience Essential
While global digitalization and interconnectedness have increased dramatically as organizations responded to the COVID-19 pandemic, so have cyber risks, making it essential that organizations develop cyber resilience. As organizations confront cyber perils, however, there are significant cyber-security perception gaps between organizations' information security executive and their business executives. Read More
Persistent High Inflation Could Weaken Reinsurers' Credit Profiles
Current high levels of inflation occurring as the world emerges from the COVID-19 pandemic could weaken reinsurance companies' credit profiles if they persist, according to a recent report from Fitch Ratings. The most affected reinsurance businesses include long-tail lines such as general liability, medical malpractice, and workers compensation. Read More
The Policy Unwinding
With the United States seeing the highest rate of inflation since the 1980s, the Federal Reserve is set to unwind emergency levels of monetary accommodation. This article examines recent developments in the United States and the Fed's likely actions and their potential impacts. Read More
Economic Factors, Risky Behaviors Pressure Insurers' Profitability
The property-casualty insurance industry is expected to post a 101.3 percent combined ratio for 2021 as a result of continued deterioration in personal lines, according to underwriting projections by actuaries at the Insurance Information Institute (Triple-I) and Milliman. Read More
US Property-Casualty Insurer Credit Rating Upgrades Trend Upward
Credit rating upgrades among US property-casualty insurers returned to pre-pandemic levels in 2021, according to a new report from A.M. Best. Upgrades increased to 7.7 percent of all US property-casualty rating actions in 2021, compared with 5.3 percent in 2020, according to the A.M. Best special report. Read More