Market News
Property-Casualty Insurers Poised for Improved Underwriting Profits
North American property-casualty insurance companies are positioned for improved underwriting profits in 2022 due to continued commercial lines pricing trends favorable to insurers and likely stabilization of their personal auto business, according to Fitch Ratings. Read More
Improving Economies, Higher Prices Fuel 2021 Premium Growth
Insurers and reinsurers tracked by Gallagher Re showed an average 8 percent premium growth in 2021 and 11 percent in the year's fourth quarter. Gallagher Re said that premium growth was fueled primarily by global economic improvement and favorable pricing, particularly for commercial lines. Read More
Strategic Risk Solutions Reports Growth in Entities Managed in 2021
Strategic Risk Solutions (SRS), the world's largest independent insurance company manager, experienced 12.5 percent growth in the number of entities it manages across all its regions and businesses during 2021. SRS reported that it had 427 total captive insurance companies and 472 cells under management at the end of 2021. Read More
Increases in Cyber Attacks Make Cyber-Resilience Controls a Must
As cyber attacks grow more common and more costly—and as insurers grow increasingly cautious in taking on cyber risks—it's becoming increasingly essential that organizations take steps to improve their cyber security. There are risk controls organizations can implement to help better manage their risks, a new report from Marsh suggests. Read More
US D&O Insurers' Improved Performance Might Slow Premium Increases
Several years of rapid premium growth have led to a material decline in US directors and officers (D&O) insurers' 2021 loss ratios, which may continue in the near term, according to Fitch Ratings. US D&O insurers' recent performance improvement is expected to temper further price increases, Fitch said. Read More