Market News
Pinnacle's Aaron Hillebrandt Says Actuaries Help Improve Businesses
As part of our ongoing commitment to provide thoughtful commentary concerning issues impacting captives and the broader insurance markets, we spoke with Aaron Hillebrandt, a director and consulting actuary with Pinnacle Actuarial Resources, Inc. Our interview covers the changing role of actuaries and how the Casualty Actuarial Society is providing training and education for this evolution. Read More
Change Is Quickening for the Reinsurance Industry
The abundance of capital in the reinsurance market has impacted the entire reinsurance value chain, has increased cost sensitivity, and is requiring reinsurers to find new ways of creating value for primary insurers, according to Swiss Re. Read More
North Carolina's Kait Chase Is Fascinated with RRGs and Captives
Kait Chase, risk retention group analysis manager for the North Carolina Department of Insurance, Captive Insurance Companies Division, joined the North Carolina Department of Insurance in 2016. She is responsible for the licensing and regulation of North Carolina Risk Retention Group (RRG). Read More
US Commercial Insurance Prices Pick Up Significantly
US commercial insurance prices increased by nearly 4 percent in the second quarter of 2019 compared to prices charged during the second quarter of 2018, according to Willis Towers Watson's latest "Commercial Lines Insurance Pricing Survey." Read More
World Economy Has Record-High Protection Gap of $1.2 Trillion
Today's world economy is less resilient than in 2007, according to the Swiss Re Institute and the London School of Economics. They posit that insurers could boost global financial resilience by closing a record-high $1.2 trillion composite protection gap for 3 areas of risk: natural catastrophes, mortality, and healthcare spending. Read More