Market News
As Cyber Attacks Increase, Perception of Cyber Risks Continues To Grow
Cyber risk is seen as the top exposure facing businesses in seven of eight countries, according to the "Cyber Readiness Report 2022" from Hiscox. The Hiscox report is based on a survey of 5,181 companies in Belgium, France, Germany, Ireland, the Netherlands, Spain, the United Kingdom, and the United States. Read More
Lloyd's Selects 9 InsurTechs To Participate in Its Next Lloyd's Lab
Lloyd's of London has announced the next nine InsurTech companies that will join the ninth cohort of its Lloyd’s Lab program, bringing together InsurTechs, insurers, and brokers to test new insurance products that address issues and challenges facing the Lloyd's market. Read More
New Captive Insurance Formations Maintain Brisk Pace in 2022
With hard conditions in the traditional commercial insurance market continuing, captive insurance company formations remain very strong. Regulators in a number of domiciles see businesses continuing to turn to captive insurance as an alternative to high prices and coverage availability issues in the traditional market. Read More
An International Perspective on Developing Captive Insurers
A growing number of companies have discovered the many advantages of establishing a captive insurance company. A correctly structured and managed captive insurance structure can provide coverage when traditional insurance companies are unwilling or are demanding exorbitant premiums and can allow businesses to tailor coverage to address their specific risks. Read More
Analysis Sees Insurance Market Improving, Rate Increases Continuing
As the year's fourth quarter nears, from a buyer's perspective the commercial insurance market is in the best shape it's been for the past 3 years, according to an analysis from Lockton. But, while price increases are moderating, they are continuing and will likely remain elevated for the foreseeable future. Read More