Market News
Marsh To Pilot Blockchain-Powered Insurance Placement Process
Marsh will pilot Risk Exchange, a new digital placement platform powered by blockchain technology. Risk Exchange aims to move the insurance placement process toward an interactive, digital experience where clients, insurers, and brokers can provide real-time information and feedback on the placement and binding process. Read More
NRRA Chairman Michael Schroeder Says RRGs Are Very Good at What They Do
Michael J. Schroeder, the current chairman of the National Risk Retention Association (NRRA), has a wide range of experience with risk retention groups and risk purchasing groups. In this article, he discusses various risk retention group (RRG) issues, including the likelihood of Congress passing legislation to expand coverages that RRGs can offer. Read More
Commercial Auto Insurance Underwriting Losses To Continue
US property and casualty insurers continue to face substantial underwriting losses on commercial automobile insurance, according to Fitch Ratings. The segment is poised for a ninth consecutive year of underwriting losses in 2019, with only moderate results improvement anticipated. Read More
IVANS: Market Continuing To Harden
IVANS announced its August 2019 results showing an uptick in premium renewal rate change across nearly all of the commercial lines products except business owners policy, which experienced a slight negative change. Read More
Business Leaders Are Not Focused on Cyber-Risk Issues
A new Marsh report found that a majority of board members and senior executives responsible for their organizations' cyber-risk management had less than a day in the last year to spend focused on cyber-risk issues. Read More