Market News
Total Reinsurance Capital Down While Alternative Capital Is Up
In its latest biannual "Reinsurance Market Report," Willis Re said total capital dedicated to the global reinsurance industry was $462 billion at the end of 2018. The findings showed that while dedicated reinsurance capital was down 5 percent, alternative capital grew 6 percent in 2018. Read More
Fitch: US P&C Industry Records Combined Ratio Improvement for 2018
The US property-casualty (P&C) industry returned to a modest statutory underwriting profit in 2018, following 2 consecutive years of combined ratios above 100 percent, according to Fitch Ratings. Read More
IVANS: First Quarter Renewal Rates Experience Continued Increase
IVANS has announced the "IVANS Index: Premium Renewal Rate Index" results for first quarter 2019. The first quarter results showed an increase in premium renewal rate change average across commercial auto, businessowners policy, umbrella, and commercial property compared to fourth quarter 2018. Read More
Generali Employee Benefits Applies Blockchain Technology to Captives
Generali Employee Benefits and Accenture are set to provide a blockchain solution for the employee benefits industry. Through blockchain, captive insurance companies or pooling services participating in the reinsurance process will access the same data and reduce processing errors through the use of smart contracts and automated reconciliation. Read More
PwC "2019 State of Compliance Study": Implications for Captives
Learn the possible implications for captive insurers of the digital transformation of compliance and ethics based on PwC's "2019 State of Compliance Study." We offer our own insights on how this process is likely to impact captive insurance companies and what boards and management should be doing. Read More