Market News
Marsh Benchmark Report Documents Continued Captive Insurance Growth
As conditions continue to tighten in the commercial insurance market, more captive insurance companies are being created, according to a newly released Marsh Captive Solutions 2021 Captive Landscape report. The report is based on Marsh Captive Solutions' annual benchmarking survey of more than 1,300 Marsh-managed captive insurance companies. Read More
Workers Compensation Profits Outperform Other Property-Casualty Lines
Workers compensation insurance continues to generate better underwriting profits than other lines of property-casualty insurance, according to a new report from A.M. Best. The report "Workers' Compensation Still Outpacing Other Lines" said that workers compensation insurers' results remained strong in 2020, despite a 10 percent decline in net premiums written. Read More
NAIC Report Shows US Insurance Premiums Increased 6 Percent in 2020
A new report from the National Association of Insurance Commissioners (NAIC) shows that total premiums across all lines of insurance grew 6 percent in the US in 2020. The NAIC report showed that total premium collected nationwide across all lines of business was $2.7 trillion in 2020. Read More
COVID-19 Pandemic Sharpens Many Organizations' Focus on Resilience
The 2021 Survey Report on corporate resilience from the Federation of European Risk Management Associations (FERMA) with McKinsey & Company found more than 60 percent of survey participants reporting that resilience was a top priority at their organizations or very relevant in their strategic decision-making. Read More
Article Examines the Health Insurance Analogy in Explaining Captives
A recently published article suggests using a health insurance analogy to explain the workings of captive insurance to those unfamiliar with the concept. In their article, "Captive Insurance: The Health Insurance Analogy," Joel S. Chansky and Michael C. Meehan of Milliman, Inc., acknowledge that captive insurance is a narrow niche. Read More