Market News
Property Insurance Captives Take on Added Value in Hardening Market
Many captive insurance company owners have used their captive as part of their property insurance program even in a soft market. Now, as insurance markets harden, a captive can take on even more value as part of a property program. Read More
US Workers Compensation Market Likely To Post Strong Profits in 2020
US workers compensation insurers are poised to report strong profitability this year, despite economic challenges from the COVID-19 pandemic, according to Fitch Ratings. Fitch noted that declines in economic activity resulting from the pandemic led to reduced claims frequency that is currently outpacing pandemic-related losses. Read More
New Gallagher Report Notes Differences Behind Current Hard Market
A new report from brokerage firm Gallagher suggests that the current hard market—in which the largest percentage of clients since the early 2000s experienced an increase in property premiums—is being driven by different factors than traditional hard markets. Read More
Insights from Pinnacle's 2020 Risk Retention Group Benchmarking Study
Pinnacle Actuarial Resources' 2020 Risk Retention Groups Benchmarking Study offers insights into RRG trends and context into their development. This is the third year that Pinnacle has produced the report, so there is the ability to cross-reference information between the three papers. Read More
Milliman Announces New Commercial Auto InsurTech Offering
Consulting and actuarial firm Milliman, Inc., has announced a new telematics-based risk score offering designed to help improve commercial auto insurer profitability. Milliman created the new InsurTech offering, AccuRate Fleet, with connected vehicle and fleet technology provider Azuga, Inc. Read More