Market News
Global Insurance Prices Increased for 17th Straight Quarter in Q4
Global insurance prices increased 13 percent in the 4th quarter of 2021, the 17th consecutive quarter of price increases, according to the "Global Insurance Market Index" from Marsh. Though insurance prices continued to increase during the final 3 months of last year, a trend of moderating rate increases continued. Read More
FERMA Unveils Tool for Mapping Risks Associated with Remote Working
The Federation of European Risk Management Associations (FERMA) has launched a risk management tool meant to provide a simplified guide to mapping risks associated with remote working. The tool is a simple questionnaire that can be used by organizations of any size. Read More
Premium Increases Continued Across Nearly All Lines in Fourth Quarter
Nearly all major commercial insurance lines showed increases in year-over-year premium renewal rate changes during the fourth quarter of 2021, according to the IVANS Index, a regular premium renewal rate index compiled by the IVANS insurance exchange service. The average premium renewal rate change for workers compensation remained negative. Read More
Innovation Needed as Insurers, Reinsurers Adapt to Evolving Risks
The risk landscape has grown more complex and more interconnected, forcing insurers and reinsurers to adapt and innovate in order to respond, a new report from A.M. Best suggests. To succeed in this changing risk environment, insurers and reinsurers will need to innovate, the Best report suggests. Read More
Hawaii's Captive Growth Continues with 17 Formations in 2021
Captive growth is continuing in Hawaii, with the state licensing 17 new captive insurance companies in 2021, bringing the state's captive count to 251. Hawaii is a long-standing captive insurance domicile, with state lawmakers passing the legislation authorizing captive formations in 1986. Read More