Market News
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
Global Reinsurance Sector's Trajectory Is Stable
Total capital dedicated to the global reinsurance industry was $559 billion midyear 2019, according to Willis Re's latest "Reinsurance Market Report." Fitch Ratings also reports a stable 2020 outlook for the global reinsurance sector. Read More
North American P&C Sector Exhibits Steady Performance
Fitch Ratings reported that higher investment income and modestly weaker calendar-year underwriting margins kept operating performance for North American property and casualty (P&C) insurers steady during the first half of 2019. Read More