Market News
US Property and Casualty Insurers' Second-Half Profits Likely To Slow
While US property and casualty insurers' statutory earnings improved materially during the first half of 2021, that profit expansion is expected to slow during the year's second half, according to Fitch Ratings. The industry's second-half profits will be limited by losses from recent natural catastrophes and deteriorating personal auto results. Read More
Pace of Captive Insurance Company Formations Continues To Accelerate
With hardening conditions in the traditional market showing no sign of easing, captive insurance company formations are continuing to increase, with growth expected in 2022 as well. Captive insurance is seen as a valuable option as commercial market prices increase, conditions tighten, and some capacity is reduced. Read More
Property-Casualty Insurers Face Riskier Future as Risk Mix Changes
Property-casualty insurance will undergo a fundamental transformation over the next 20 years, with business becoming both riskier and more complex. A new Swiss Re Institute sigma report suggests that while the share of auto premiums will decrease, the share of premiums for riskier property and liability business will grow. Read More
Insurance Price Increases Continue in Second Quarter Though Moderating
US commercial insurance prices increased again during the second quarter of 2021, with the year-over-year aggregate commercial price change just greater than 6 percent, according to Willis Towers Watson's Commercial Lines Insurance Pricing Survey. Read More
Aon Survey Finds Dramatic Increase in Captive Insurance Growth
Captive insurance growth is occurring at a level not seen in two decades, according to the "2021 Captive Benchmarking Survey" from Aon. The report said that since 2018 Aon has seen a 73 percent increase in premium retention among the captives it manages. Read More