Market News
InsurTech Investment Robust Second Quarter with Slow Evolution
InsurTech investment worldwide continued at high levels during the second quarter of 2019, according to Willis Towers Watson, marking the fourth consecutive quarter during which total new funding commitments exceeded $1.2 billion. Read More
IBM Study Shows Data Breach Financial Impact Felt for Years
IBM Security released its annual study examining the financial impact of data breaches on organizations. According to the report, the cost of a data breach has risen 12 percent over the past 5 years and now costs $3.92 million on average. Read More
Karin Landry: Captives Are the Whiteboard of the Insurance Industry
Karin Landry of Spring Consulting Group discusses the advantages of funding employee benefits in a captive insurance company, the status of a US Department of Labor (DOL) freeze on captive benefit funding applications seeking rapid DOL review, and future growth of captive benefit funding. Read More
European Reinsurers May Claim Capital Credit from Guernsey Reinsurers
Clarification was recently given surrounding the ability for EU-domiciled insurers who have bought from a nonequivalent regime, such as Guernsey, to take credit in capital calculations for reinsurance under Solvency II regulations. Read More
Caitlin Morgan To Manage the Kona Ice Franchise Cell Captive Program
Caitlin Morgan Captive Management will act as the captive manager for the Kona Ice franchise captive insurance program. Announced in June, the national program is offered by Great American Insurance Group's alternative markets division in cooperation with Cornerstone Insurance. Read More