Market News
September "CICR" Explores Social Inflation
Don't miss the September issue of "Captive Insurance Company Reports" ("CICR"), in which Milliman consulting actuaries Kimberly W. Guerriero and Mary Ann McMahon, assisted by Julia W. Rosen, an actuarial analyst, explore social inflation, its impact on captives, the role of COVID-19 in social inflation, and how captives can protect themselves and reduce liability. Read More
Commercial Insurance Premium Hikes Hit Double Digits in Second Quarter
The average commercial insurance premium price increase reached double digits in this year’s second quarter, according to the Council of Insurance Agents & Brokers (CIAB’s) "Commercial Property-Casualty Market Index." Survey respondents reported slight to significant increases for all account sizes and lines of business. Read More
Insurance Gap Grows as COVID-19 Hurts Global Economic Resilience
The COVID-19 pandemic is expected to weaken world economic resilience by nearly 20 percent in 2020, while the combined insurance gap for mortality, health, and natural disaster risks is expected to reach a new high of $1.24 trillion, according to the Swiss Re. Read More
Reinsurers' First-Half Capital Shows Resilience with Slight Increase
An estimate calculated by Guy Carpenter and A.M. Best suggests that reinsurance capital demonstrated resilience at the end of the first half of 2020, showing a marginal increase of 1 percent from year-end 2019. Recovering financial markets and asset valuations during the second quarter helped shore up reinsurers' capital base. Read More
Europe's Increased Captive Interest Is No Surprise: Laurent Nihoul
Laurent Nihoul, group head of insurance at ArcelorMittal and a Federation of European Risk Management Associations (FERMA) board member leading on captive initiatives, hopes European companies have not waited too long to form captive insurance companies in the hardening insurance market. Read More