Market News

Global investment in InsurTech reached a record quarterly high of $2.55 billion during the first quarter of 2021, according to the new "Quarterly InsurTech Briefing" from Willis Towers Watson (WTW). The record InsurTech fundraising marks a continued rebound for the sector from a brief COVID-19 pandemic-related slowdown a year ago. Read More

The Bermuda Business Development Agency, under the leadership of the Bermuda government and in collaboration with the private sector, has launched an initiative to establish the jurisdiction as the world’s climate risk finance capital. The initiative aims to make climate risk finance an additional leg in Bermuda's "economic stool." Read More

While the North American commercial property-casualty insurance market remains hard, buyers can expect improvements in the months ahead, according to Willis Towers Watson (WTW). Still, buyers are likely to continue facing upward pressure on pricing across most lines of business for the rest of 2021. Read More

Publicly traded US property-casualty insurers performed unexpectedly well in 2020 despite the extraordinary challenges confronting them, according to a new report from A.M. Best. In its special report "US P/C Insurers Perform Well Despite COVID-19," Best found that the group of insurers generated $82.1 billion in operating income last year. Read More

The COVID-19 pandemic increased economic risks in 2020 and will remain a significant factor in the political risk landscape in 2021, according to Marsh Specialty's Political Risk Map 2021. The report highlights the growing inequality between rich and poor nations and a continuing increase in economic risks for all countries. Read More