Market News

COVID-19 Stress Test Finds Most Insurers' Capital Levels Adequate

May 20, 2020

Stress testing gauging the COVID-19 pandemic's impact on insurance companies' financial strength found most insurers' capital levels provide an adequate buffer against potential balance sheet shocks. A.M. Best analyzed approximately 1,400 rated insurers worldwide, focusing on the impact of COVID-19 on insurers' underwriting and assets. Read More


New Triple-I Initiative Offers Resource on Insurance and Pandemic

May 19, 2020

The Insurance Information Institute (Triple I) has launched an initiative providing an educational resource with regard to insurance and the COVID-19 pandemic. The Future of American Insurance & Reinsurance campaign will focus on ensuring the insurance industry can sustain its role contributing to economic growth and stability. Read More


Oklahoma Legislation Specifies Captive Premium Tax Distribution

May 18, 2020

Legislation approved by Oklahoma lawmakers and signed into law May 19 by Governor Kevin Stitt specifies how premium taxes paid by captive insurance companies must be allocated by the state insurance commissioner. Read More


Hard Market, Industry Disruptions Create Captive Opportunities

May 17, 2020

With a traditional insurance market that appears likely to continue hardening, and that market facing disruption from events like the COVID-19 pandemic and potential new competitors, there are opportunities for captive insurance companies. Changes in market rates are drivers of alternative risk transfer activities, including captive insurance companies. Read More


Actuaries Group Offers Guidance on Federal Pandemic Risk Backstop

May 15, 2020

The American Academy of Actuaries has suggested that existing US insurance backstop programs may provide insights into crafting a pandemic risk backstop. Those programs help the insurance marketplace provide coverage by capping the risk the market is expected to handle and providing a federal backstop for losses exceeding that cap. Read More