Market News
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
"Decrypt" Offers a New Cyber Reinsurance Solution
Swiss Re and Capsicum Re have launched a new cyber reinsurance solution called Decrypt, which includes embedded, silent, and affirmative cyber risks. Read More
Insurance Sector Less Concerned about Silent Cyber Claims
According to Willis Re, the insurance sector is considerably less concerned about silent cyber exposures than it was in 2018. The finding applies to all commercial lines of business and industry groups. Read More