Market News
Reserve Strength Declining for US Medical Professional Liability
Fitch Ratings findings show that the US medical professional liability insurance sector experienced underwriting losses again this past year, placing more scrutiny around shrinking reserves. Read More
General Commercial Lines Hardening, According to IVANS
IVANS has announced the "IVANS Index: Premium Renewal Rate Index" third-quarter results. The results showcased an increase in premium renewal rate change across nearly all of the commercial lines of business compared to the second quarter, except for businessowners policy and workers compensation. Read More
Willis Towers Watson Enters into a Global InsurTech Partnership
Plug and Play and Willis Towers Watson have entered into a global InsurTech partnership. The agreement extends Willis Towers Watson's access to early-stage InsurTech startups across all of Plug and Play's InsurTech platforms, which include Beijing, Munich, New York, Silicon Valley, Singapore, and Tokyo. Read More
Allianz Restructures Its Alternative Risk Transfer Line
Allianz Global Corporate & Specialty will restructure its alternative risk transfer (ART) line of business into two teams. ART Chief Underwriting Officer Richard Boyd will head up the capital solutions insurance-linked markets team. The remaining ART practice groups will be led by Michael Hohmann. Read More
FERMA Says Risk Managers Play Major Role in Business Transformation
In a statement from the 2018 European Risk Management Seminar, the Federation of European Risk Management Associations (FERMA) said demand for sustainability, good corporate behavior, and rapid digitization are leading to profound changes in organizations and the work of risk managers. Read More