Market News
Rating Agency Suggests Insurance Price Momentum Peaked in 2021
Commercial insurance price increase momentum is slowing in 2022, according to Fitch Ratings, which, combined with rising risks of inflation, climate change, and cyber, will likely lead to major European insurers' profits to peak in 2023 and weaken in subsequent years. Read More
Effective Reputation Protection Strategies Can Deliver Real Benefits
Companies with reputation protection strategies in place at the time of a crisis can see stock prices increase following the event, according to a recent study. The Steel City Re study found that companies with such strategies experienced a 5 percent stock price increase within 2 weeks of an event. Read More
Market Volatility Main Russia-Ukraine War Risk for European Insurers
The Russia-Ukraine war is more likely to affect European insurers and reinsurers through financial market volatility than through the direct effects from sanctions on Russian entities or other restrictions on Russian business, according to Fitch Ratings. European insurers and reinsurers have little direct Russian insurance or investment exposure, Fitch said. Read More
Four Major European Reinsurers Saw Earnings Improve in 2021
The four major European reinsurers—Hannover Rueck SE, Munich Reinsurance Company, SCOR SE, and Swiss Reinsurance Company—improved their earnings significantly in 2021 due to improved pricing and lower property and casualty COVID-19-related claims, according to a new report from Fitch Ratings. Read More
FERMA Suspends Russian Risk Management Association's Membership
The Federation of European Risk Management Associations (FERMA) has suspended the membership of its Russian member, RUSRISK, in light of sanctions imposed on Russian organizations and individuals following Russia's invasion of Ukraine. In a statement, FERMA condemned the invasion and said its support and sympathy are with the Ukrainian people. Read More