Market News
US Property-Casualty Reinsurers Report Net Premium Growth in 2021
A survey of reinsurers' statutory underwriting results conducted by the Reinsurance Association of America (RAA) showed a group of 17 US property-casualty reinsurers wrote $74.6 billion in net premiums over the 12 months ending December 31, 2021.The group of reinsurers wrote $65.1 billion in net premium in 2020. Read More
Despite Premium Hikes, Challenges Persist for US D&O Insurers
While rate increases have led to premium growth for US directors and officers (D&O) insurers, their loss ratios have yet to show improvement, according to A.M. Best. Though premium has risen by an average of 15 percent over the last six quarters, insurers' direct loss ratio has worsened. Read More
WTW Survey Finds US Insurance Price Increases Topped 7 Percent in Q4
US commercial insurance prices increased again during the fourth quarter of 2021, according to Willis Towers Watson’s (WTW’s) most recent Commercial Lines Insurance Pricing Survey. The aggregate commercial insurance price change reported by insurers during the quarter was more than 7 percent, WTW reported. Read More
March "CICR" Looks at InsurTechs and Captives
Don't miss the March issue of "Captive Insurance Company Reports" ("CICR"), which leads off with a look at the intersection of InsurTechs and captive insurance, exploring the potential for collaboration between InsurTechs and captive insurance companies both now and in the future. Read More
As Cyber Underwriting Improves, Market Poised for Second Growth Wave
The property-casualty insurance and reinsurance market is well on its way to a transition to a property-casualty-cyber market, a recent report suggests. By 2040, the cyber market will be comparable to those for property or casualty, according to a report from Gallagher Re. Read More