Market News

While A.M. Best is anticipating a 2021 underwriting loss for the US property-casualty insurance industry, the rating agency said insurers' solid risk-adjusted capitalization and persistent underwriting and pricing discipline allowed the industry to limit losses and generate surplus growth. Read More

Saying it expects partnerships between traditional insurance companies and InsurTechs to increase, Fitch Ratings said successful collaborations with InsurTechs could allow insurance companies to adopt the latest technology more quickly, reduce expenses, improve distribution, and enhance customer retention. Read More

While global digitalization and interconnectedness have increased dramatically as organizations responded to the COVID-19 pandemic, so have cyber risks, making it essential that organizations develop cyber resilience. As organizations confront cyber perils, however, there are significant cyber-security perception gaps between organizations' information security executive and their business executives. Read More

Current high levels of inflation occurring as the world emerges from the COVID-19 pandemic could weaken reinsurance companies' credit profiles if they persist, according to a recent report from Fitch Ratings. The most affected reinsurance businesses include long-tail lines such as general liability, medical malpractice, and workers compensation. Read More

With the United States seeing the highest rate of inflation since the 1980s, the Federal Reserve is set to unwind emergency levels of monetary accommodation. This article examines recent developments in the United States and the Fed's likely actions and their potential impacts. Read More