Market News
Reinsurance Sector Won't Earn Cost of Capital in 2020 Due to COVID-19
The global reinsurance industry will fail to earn its cost of capital in 2020 due to the impact of the COVID-19 pandemic, according to Fitch Ratings. Fitch noted that the COVID-19 crisis comes after 3 years of heightened natural catastrophe losses and increasing US casualty claims. Read More
US Property-Casualty Market Hardening Continues in First Quarter: CIAB
Commercial property-casualty insurance markets continued to harden in the first quarter of the year, with some lines seeing their largest increases since the September 11, 2001, terrorist attacks, according to the Council of Insurance Agents & Brokers (CIAB). Premiums increased by an average of 9.6 percent in the first quarter. Read More
June "CICR" Explores Future of Risk Management
Don't miss the June issue of "Captive Insurance Company Reports" ("CICR"), which discusses the emerging volatility, uncertainty, complexity, and ambiguity world and the role captive insurance can play in addressing the changing risk landscape. Read More
S&P Revises Global Reinsurance Outlook to Negative on COVID-19 Impact
COVID-19 pandemic has led S&P Global Ratings to revise its outlook for the global reinsurance industry to negative from stable. S&P said that pandemic-related losses combined with volatile capital markets and lower investment returns will likely prevent the global reinsurance sector from meeting earnings expectations. Read More
Artificial Intelligence Brings Risk Management Opportunities, Risks
Artificial intelligence (AI) can provide opportunities for organizations to improve their risk management but also may create some new risks. Risk managers need to consider how to integrate risks generated by AI into the enterprise risk management process and how to understand the scope of AI risks. Read More