Market News
NAIC Releases Property-Casualty Profitability Report by Line by State
The National Association of Insurance Commissioners (NAIC) released the "Report on Profitability by Line by State in 2016." The report estimates and allocates profitability in property-casualty insurance on a countrywide basis by state and by insurance line. The report can be utilized in further analysis of competition and market performance. Read More
First Secondary Market Securities ILS Blockchain Trade Completed
Two funds have performed a secondary market insurance-linked securities (ILS) blockchain trade in notes that were digitized on a private blockchain set up by Solidum Re, a Guernsey incorporated cell company. Read More
Fitch Reinsurance Outlook Reveals Rate Increases Depend on ILS Appetite
Fitch Ratings has updated its "Global Reinsurance 2018 Outlook" to incorporate the catastrophe losses incurred from Hurricanes Harvey, Irma, and Maria, as well as losses from the earthquakes in Mexico and wildfires in California, and shares its findings, warnings, and expectations for the sector. One expectation being that the key driver of the magnitude of future rate increases depends on the insurance-linked securities (ILS) market's appetite to invest more capital in reinsurance. Read More
Fitch: US P&C May See Short-Lived Rate Improvement in 2018
US property and casualty insurers' operating performance appears set to rebound somewhat next year following 2017's rough catastrophe-related losses, according to Fitch Ratings in its 2018 outlook report for property and casualty insurers, "Fitch 2018 Outlook: U.S. Property/Casualty Insurance." While Fitch's rating outlook is stable for P&C insurers, the fundamental sector outlook remains negative. Read More
Year over Year US Property and Casualty Prices Remain Nearly Flat
In the latest "Commercial Lines Insurance Pricing Survey," Willis Towers Watson reports the continuation of nearly flat commercial insurance prices in the US during the third quarter of 2017. Price changes reported by carriers averaged less than 1 percent for the ninth consecutive quarter. Read More