Market News
Most Commercial Lines Experienced Premium Increases in August
All commercial insurance lines except workers compensation experienced increases in year-over-year average premium renewal rates in August, according to the August IVANS Index, a regular premium renewal rate index compiled by the IVANS insurance exchange service. Workers compensation saw a negative change in premium renewal rate year-over-year. Read More
Medical Stop Loss Captives Continue To Offer Benefits through Pandemic
The use of captive insurance companies for medical stop-loss coverage has increased dramatically in recent years and likely will continue to do so going forward, even as the ultimate impact of the COVID-19 pandemic remains uncertain. Small and midsize employers have benefited from using group medical stop-loss captives. Read More
Low Interest Rates, Large Losses Will Drive Further Market Hardening
Swiss Re expects further price hardening across all lines of business, while the reliance on underwriting will increase in the low interest rate environment. In a statement, Swiss Re also said it expects more opportunities for re/insurers due to a combination of improving insurance demand and growing exposures. Read More
Reinsurance Sector's Stable Outlook Reflects Balance of Offsetting Forces
A.M. Best says its stable outlook for the global reinsurance industry actually reflects positive and negative forces that are offsetting one another as reinsurers deal with the COVID-19 pandemic. The rating agency offered its annual commentary on the reinsurance sector In a report, "Global Reinsurers Maintain Equilibrium through COVID-19 Turbulence." Read More
Strategic Risk Solutions' Continued Expansion Likely To Be in Guernsey
The next step in Strategic Risk Solutions' continued expansion into the European market looks likely to be in Guernsey. Derek Bridgeman, managing director at Strategic Risk Solutions and risk consulting practice leader for SRS Europe, explained why Guernsey is the "next part of the jigsaw." Read More