Market News
Climate Tops Pandemic as Top Emerging Risk in Emerging Risks Survey
While pandemic/infectious disease ranks as the top current risk in a recent survey, climate risk was identified most often as the top emerging risk, followed by cyber/network risks. The remainder of the top five emerging risks include pandemic/infectious disease, disruptive technology, and financial volatility. Read More
Captive Insurance Breaks Barriers To Indemnify against COVID
The COVID-19 pandemic has exposed gaping holes in many businesses' insurance coverages, but captive insurance can help close the gaps. As they face COVID-related losses across numerous business lines, traditional insurance companies are not indemnifying against communicable disease. Read More
Premium Hikes Slow for Many Commercial Lines in January
Nearly all commercial insurance lines experienced year-over-year premium renewal rate increases in January, though most experienced decreases in the rate of increase from the prior month, according to the IVANS Index, a regular premium renewal rate index compiled by the IVANS insurance exchange service. Read More
Survey Finds Room for Improvement in Reputation Risk Readiness
A new survey reveals that a solid majority of executives of global companies have doubts about their organizations' reputation and environmental, social, and governance risk readiness. The survey found that while companies are making gains in addressing the risks, more can be done. Read More
ILS Market Overcame Catastrophe Challenges during Record-Setting 2021
Despite a challenging year for catastrophe losses, the insurance-linked securities (ILS) market broke its record for annual new issuance once again in 2021, according to a new report from Swiss Re. Some $13 billion in new bonds came to market during the year, the report said. Read More