Market News
Workers Compensation Profits Outperform Other Property-Casualty Lines
Workers compensation insurance continues to generate better underwriting profits than other lines of property-casualty insurance, according to a new report from A.M. Best. The report "Workers' Compensation Still Outpacing Other Lines" said that workers compensation insurers' results remained strong in 2020, despite a 10 percent decline in net premiums written. Read More
NAIC Report Shows US Insurance Premiums Increased 6 Percent in 2020
A new report from the National Association of Insurance Commissioners (NAIC) shows that total premiums across all lines of insurance grew 6 percent in the US in 2020. The NAIC report showed that total premium collected nationwide across all lines of business was $2.7 trillion in 2020. Read More
COVID-19 Pandemic Sharpens Many Organizations' Focus on Resilience
The 2021 Survey Report on corporate resilience from the Federation of European Risk Management Associations (FERMA) with McKinsey & Company found more than 60 percent of survey participants reporting that resilience was a top priority at their organizations or very relevant in their strategic decision-making. Read More
Article Examines the Health Insurance Analogy in Explaining Captives
A recently published article suggests using a health insurance analogy to explain the workings of captive insurance to those unfamiliar with the concept. In their article, "Captive Insurance: The Health Insurance Analogy," Joel S. Chansky and Michael C. Meehan of Milliman, Inc., acknowledge that captive insurance is a narrow niche. Read More
Guernsey Insurance Industry Group Awards First ESG Accreditation
The Guernsey International Insurance Association has awarded its first environmental, social, and governance (ESG) accreditation for an insurance entity to Dunant Re IC Limited. Dunant Re IC is an incorporated cell of Replexus ICC (Guernsey) Limited, managed by Aon Insurance Managers (Guernsey). Read More