Market News
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
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