Market News
Fitch Ratings Maintains Stable Outlook for Bermuda Reinsurance Market
The Bermuda (re)insurance market is stable, as insurers and reinsurers benefit from a favorable pricing environment, according to Fitch Ratings. The favorable pricing environment saw Bermuda reinsurers experiencing solid premium growth in 2020, Fitch said, with net written premiums for the group increasing 8 percent. Read More
Rise of Digital Health Brings New Risk Exposures for Health Industry
The COVID-19 pandemic and the resulting increase in the use of digital health care is creating new risk issues in the healthcare industry. According to the Willis Towers Watson white paper, "The Future of Digital Health," the rise of digital health care will likely produce novel and unexpected risks. Read More
Most Commercial Lines Continued To See Premium Increases in February
Nearly all commercial insurance lines continued to see year-over-year premium rate increases in February 2021, according to the IVANS Index compiled by the IVANS insurance exchange service. Year over year, all lines of commercial insurance business experienced increases in the average premium renewal rate in February except workers compensation. Read More
Insurance-Linked Securities Issuance Hit Record $11.3 Billion in 2020
The insurance-linked securities (ILS) market experienced a record new issuance of $11.3 billion in 2020, a 106 percent increase from 2019, according to a new report from Swiss Re. The year's 49 ILS transactions also represented significant growth, more than double the number in 2019. Read More
Property-Casualty Insurers Face Ongoing Pandemic Loss Uncertainty
US property-casualty insurers will face uncertainty over their ultimate pandemic-related losses in numerous insurance lines for some time to come. Read More