Market News
Microinsurance Provides Reverse Innovation for Traditional Markets
Access to insurance is a key component of financial stability. Support of financial inclusion has taken a greater hold globally as more major insurers and reinsurers incorporate dedicated microinsurance operations, socially-minded impact investors fund microcredit and microinsurance programs in developing countries, and governments extend insurance access to lower-income citizens. Read More
European Insurers Fairly Stable, Competitive, and Profitable Overall
A.M. Best reported that the primary focus of Europe's largest nonlife insurers continues to be on their local markets. Most European countries have relatively stable nonlife insurance segments, which, although competitive, are technically profitable for the market overall. Read More
Non-life ILS Is Well Positioned for Growth
Willis Re's latest "ILS Market Update" said the value of non-life capacity issued and outstanding at the end of the third quarter was at a near-record high of $27.3 billion, exceeded only by the year-end figure of $27.8 billion for 2018. Read More
Lloyd's Report Looks at "Plausible Scenario" Single Cyber Attack
According to the latest report from Lloyd's, titled "Shen Attack: Cyber Risk in Asia Pacific Ports," a single cyber attack on major ports across Asia-Pacific could cost $110 billion, which is roughly equivalent to half of all losses from natural catastrophes globally in 2018. Read More
Five Thoughts on Social Inflation
We explore the impact of "social inflation" on insurance claims and the difficulty it presents for insurance companies, particularly captive insurance companies. We offer five thoughts on what captives can do to prepare for this trend. Read More