Market News
US Cyber Insurers Saw Improved Performance in 2021 as Loss Ratio Drops
US cyber insurers improved their performance in 2021, with the sector's loss ratio decreasing 1 percentage point from the prior year to 66 percent and premiums increasing significantly to keep up with increased loss severity, according to a report from Aon. Read More
Rating Agency Sees Slowing of Price Increases in US D&O Market
A 3-year trend of steep premium increases in the US directors and officers (D&O) insurance market along with lower limits, higher retentions, and more coverage exclusions is beginning to subside, according to Fitch Ratings. The slowing of those trends is leading to a reduction in rate momentum and premium volume. Read More
Survey Finds US Commercial Insurance Price Increases Continued in Q2
US commercial insurance prices increased again during the second quarter of this year by an aggregate rate of 6 percent compared to the same quarter in 2021, according to Willis Towers Watson's "Commercial Lines Insurance Pricing Survey" (CLIPS). Cyber insurance experienced the largest price increase during the quarter. Read More
Captives Enhance the Value of Professional and Trade Associations
Increasingly, all sorts of associations have discovered that one of the most valuable benefits they can provide involves developing a captive insurance company. As association members plead for insurance program help, association leaders are creating captive insurance programs designed to meet their members' unique needs. Read More
Rating Agency Maintains Neutral Outlook for Global Reinsurance Sector
Fitch Ratings is maintaining its "neutral" outlook for the global reinsurance sector, saying it doesn't expect the economic slowdown to significantly affect demand for most reinsurance business. Fitch said it also expects the reinsurance sector's underlying profitability to remain broadly stable in 2022 and 2023. Read More