Market News

HUB International's Q3 2024 report forecasts stable insurance rates for most lines, with exceptions for high-risk areas and businesses with poor claims histories. The report emphasizes the importance of proactive risk management, recommending strategies like captive insurance and business interruption planning to mitigate potential disruptions from natural and man-made disasters. Read More

The US workers compensation insurance segment continues to outperform other property-casualty lines, driven by lower loss frequency, favorable reserve development, and controlled medical severity. Despite pricing declines, premium growth has been supported by wage increases and job growth. The segment remains competitive, with strong underwriting margins and sustained profitability. Read More

This case study outlines the process of forming a captive insurance company. It covers the feasibility study, application process, and important factors such as risk retention, reinsurance, and expanding coverage, offering practical insights into creating and managing a captive. Read More

Pinnacle Actuarial's white paper details how the expected adverse deviation (EAD) model helps captive insurance programs enhance risk distribution. Through case studies, it examines strategies such as reinsurance and coverage diversification to optimize risk profiles and meet regulatory requirements for insurance classification. Read More

Fitch Ratings reports that reinsurers will push for double-digit increases in US casualty premiums in 2025 renewals. Rising loss costs from social inflation and legal risks, including large verdicts and latent liabilities, are driving these hikes as reinsurers tighten risk selection and reduce exposure. Read More