Market News
High Rates of Inflation Likely To Pressure Property-Casualty Insurers' Profitability
Property-casualty insurance companies are likely to face headwinds to their profitability due to persistent high rates of inflation, two new reports suggest. While the full impact of inflation on the global insurance industry has yet to be determined, higher inflation creates multiple challenges for insurance companies. Read More
Global InsurTech Investments Continue at Robust Pace
Global InsurTech funding dropped in the first quarter of the year from the record level it reached during the last 3 months of 2021, though it still stood at a robust $2.2 billion, according to the inaugural "Gallagher Re Global InsurTech Report" for Q1 2022. Read More
Guernsey Finance, GIIA To Appoint an Insurance Business Representative
Guernsey Finance and the Guernsey International Insurance Association (GIIA) are looking to appoint a dedicated business development representative for the insurance sector. The move would be a departure from the way Guernsey Finance typically partners with industry to promote Guernsey's financial services to the world. Read More
Rating Agency Cites Negative Impact of Growing Ransomware Threat
The frequency, severity, and sophistication of ransomware attacks in the United States rose dramatically in 2021 from a year earlier, according to Fitch Ratings. That trend is likely to continue as long as the profit incentives remain high for cyber criminals and outweigh the perceived risk of prosecution. Read More
May "CICR" Looks at Cyber Risk and Possible Solutions
Don't miss the May issue of "Captive Insurance Company Reports" ("CICR"), in which Dr. Marcus Schmalbach, CEO of RYSKEX GmbH, explores systemic cyber risk and potential solutions. Read More