Market News
November "CICR" Looks at Pandemic Lessons Learned
Don't miss the November issue of "Captive Insurance Company Reports" ("CICR"), which offers a look at how lessons learned from the COVID-19 pandemic over the last year can help companies be prepared for the next black swan event. Read More
Analysis Sees Exposure Growth Driving Upward Liability Premium Trend
Global liability insurance premiums will grow by 4.7 percent on average each year until 2040, reaching $583 billion and accounting for 13 percent of all property and casualty insurance business, according to the Swiss Re Institute. The premium growth will result from growth in liability exposures, driven largely by emerging risk factors. Read More
As ILS Market Hits Record Levels, Reinsurers Rely on ILS Capacity
Even as the catastrophe bond and insurance-linked securities (ILS) market sets issuance records, a new report suggests that reinsurers will increase their ILS use amid rising catastrophe losses. The report, from S&P Global Ratings, notes that approximately 15 percent of total reinsurance capital is currently raised through ILS issuance. Read More
Directors and Officers Price Increases Continue in Third Quarter
The average cost for $1 million in directors and officers (D&O) insurance limits increased 4.3 percent during this year's third quarter from the same quarter in 2020, according to Aon Commercial Risk Solutions. This year's July through September period was the 15th consecutive quarter of year-over-year D&O price increases. Read More
US Insurers Increasingly Include ESG Factors in Their Decision Making
Stakeholder expectations that US insurers consider environmental, social, and governance (ESG) factors are playing a growing role in their decision-making, according to A.M. Best. Still, compared with their peers in Europe, the US insurance industry is in the early stages of ESG integration, Best said. Read More