Market News
Commercial Insurance Premium Increases Slowed in May: IVANS Index
May insurance premium increases slowed from the prior month, according to the IVANS Index, a monthly premium renewal rate index compiled by IVANS Insurance Services. Year-over-year, all lines except workers compensation saw an increase in average premium renewal rate in May. Read More
US Property-Casualty Reinsurers' First-Quarter Premiums Up from 2019
A survey of US property-casualty reinsurers showed the group's first-quarter net premiums written were up 20.4 percent from the same period in 2019. The Reinsurance Association of America survey of 17 US property-casualty reinsurers found the group wrote $16.5 billion of net premiums during the first 3 months of 2020. Read More
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