Market News

Analytics provider Verisk has aligned with Omnitracs, LLC, a telematics service provider of large-fleet management and trucking solutions to transportation and logistics companies. Through the alliance, fleet owners can transfer driving data collected by their Omnitracs telematics platform into the Verisk Data Exchange to obtain safety feedback through focused analytics. Read More

The latest Reinsurance Association of America (RAA) survey reveals that a group of 18 US property-casualty reinsurers wrote $30.1 billion of net premiums during the 6 months ended June 30, 2018, compared to $22.5 billion for the same period in 2017. Read More

Country Risk Assessment Reports providing economic, political, and financial system risk assessments on 129 countries were released by A.M. Best. A.M. Best determines country risk levels by assessing country-specific factors that could adversely affect an insurer's ability to meet its financial obligations. Country risk is evaluated and factored into all A.M. Best ratings. Read More

The North Carolina captive insurance conference kicked off Monday in Charlotte with a captives 101 session in the afternoon followed by an opening plenary session in the early evening. Distinguished service awards were given to Jeremy Colombik, president of Management Services International, and Martin Eveleigh, chairman of Atlas Insurance Management. Read More

Transfer pricing is the number one international tax issue facing multinational enterprises. For tax purposes, transfer prices should be determined in accordance with the arm's-length principle. The arm's-length principle also applies to captive insurance and whether insurance premiums paid to a captive insurance company are arm's length or not. Read More