Market News
Milliman Acquires healthIO To Offer Preventive Health Solution
Milliman Inc. has acquired health technology startup healthIO and launched Milliman healthIO, a combination of Milliman's predictive health analytics and healthIO's preventive health technology. Milliman said the product offering aims to make health care preventive, predictive, and participative. Read More
Ask the Right Questions To Determine Whether a Captive Is the Answer
As insurance markets continue to harden, many businesses are considering captive insurance companies as an option to address some of their risks. Before taking the step, however, it's important to consider whether a captive is the right fit and, if so, what sort of captive structure is most appropriate. Read More
Commercial Insurance Prices Increased Significantly in First Quarter
US commercial insurance prices increased significantly in the first quarter of the year, with the aggregate price change reported by insurers exceeding 6 percent for the second consecutive quarter, according to Willis Towers Watson's Commercial Lines Insurance Pricing Survey (CLIPS). Read More
Commercial Insurance Premium Increases Slowed in May: IVANS Index
May insurance premium increases slowed from the prior month, according to the IVANS Index, a monthly premium renewal rate index compiled by IVANS Insurance Services. Year-over-year, all lines except workers compensation saw an increase in average premium renewal rate in May. Read More
US Property-Casualty Reinsurers' First-Quarter Premiums Up from 2019
A survey of US property-casualty reinsurers showed the group's first-quarter net premiums written were up 20.4 percent from the same period in 2019. The Reinsurance Association of America survey of 17 US property-casualty reinsurers found the group wrote $16.5 billion of net premiums during the first 3 months of 2020. Read More