Market News
Pace of Captive Insurance Company Formations Continues To Accelerate
With hardening conditions in the traditional market showing no sign of easing, captive insurance company formations are continuing to increase, with growth expected in 2022 as well. Captive insurance is seen as a valuable option as commercial market prices increase, conditions tighten, and some capacity is reduced. Read More
Property-Casualty Insurers Face Riskier Future as Risk Mix Changes
Property-casualty insurance will undergo a fundamental transformation over the next 20 years, with business becoming both riskier and more complex. A new Swiss Re Institute sigma report suggests that while the share of auto premiums will decrease, the share of premiums for riskier property and liability business will grow. Read More
Insurance Price Increases Continue in Second Quarter Though Moderating
US commercial insurance prices increased again during the second quarter of 2021, with the year-over-year aggregate commercial price change just greater than 6 percent, according to Willis Towers Watson's Commercial Lines Insurance Pricing Survey. Read More
Aon Survey Finds Dramatic Increase in Captive Insurance Growth
Captive insurance growth is occurring at a level not seen in two decades, according to the "2021 Captive Benchmarking Survey" from Aon. The report said that since 2018 Aon has seen a 73 percent increase in premium retention among the captives it manages. Read More
Premium Increases Continued Across Most Commercial Lines in August
Year-over-year, all commercial insurance lines except workers compensation continued to experience increases in average premium renewal rate in August, according to the IVANS Index, a regular premium renewal rate index compiled by the IVANS insurance exchange service. Month-over-month, premium renewal rates rose for a number of commercial insurance lines in August. Read More