Market News
Captives Offer Sound Solutions for the Healthcare Industry Insurance Crisis
Captive insurance can help the healthcare industry address the threats to its profitability and viability posed by a chaotic insurance market. Since the 1970s, healthcare providers have turned to captives to address unexpected liability claims and large increases in the cost of commercial insurance. Read More
Actuaries' Report Projects Deterioration in 2022 P&C Combined Ratio
The property and casualty (P&C) insurance industry's combined ratio for 2022 is expected to worsen 1.2 points from 2021's level to 100.7 percent, according to the latest projections from the Insurance Information Institute and Milliman. The change is being driven largely by deterioration in the personal auto line. Read More
Premium Increases Continued for 19th Consecutive Quarter in Q2
The pace of premium increases continued to moderate in the second quarter of this year, though the April-through-June period still marked the 19th consecutive quarter of rising premiums, according to the Council of Insurance Agents and Brokers (CIAB). Read More
Reinsurers Find Stability with Shift from Property Catastrophe Risks
Reinsurers are seeing more stable and improved results as they move away from property catastrophe risks, according to a new report from A.M. Best. The rating agency said that even with rate increases, most reinsurers see current property catastrophe prices as insufficient to compensate for the level of uncertainty. Read More
Cowbell Cyber Partners with Swiss Re on Cloud Cyber-Insurance Program
InsurTech Cowbell Cyber has partnered with Swiss Re to provide a cyber-insurance program designed for businesses whose operations rely on cloud-based activities. The program is designed for businesses with up to $750 million in revenue that are building a digital footprint on Amazon Web Services, Cowbell Cyber said. Read More