Market News
Now Open for Comment: Kroll Bond Rating Agency's Captive Insurance Methodology
Kroll Bond Rating Agency (KBRA) has released its proposed methodology for rating captive insurance companies. The quality of capital, reserving practices, leverage, reinsurance, operating fundamentals, regulatory environment, risk management, and sovereign risk are among the factors considered in KBRA's captive insurance ratings approach. Read More
Risk Retention Group Expansion: A Modest Yet Critical Proposal
A new drive is about to begin aimed at convincing Congress to pass legislation to expand the coverages risk retention groups can provide to member-owners. The legislation is expected to be similar to a measure introduced during the last congressional session that would have allowed certain risk retention groups to cover policyholders' property risks. Read More
Is Affordable Pricing an Impediment in Your Captive's Mission Statement?
Captive insurer mission statements are intended to be living, dynamic documents. Too often, they are crafted during the captive's start-up phase and then forgotten. Most captive mission statements contain references to affordable pricing. Given the ongoing market conditions, it may be time to remove this reference and refresh your mission statement. Read More
Technological Change and Cyber Risk Are Top Insurer Risks, According to CSFI Survey
The top risk now faced by the global insurance industry is its ability to confront structural and technological changes (change management), according to a new Centre for the Study of Financial Innovation (CSFI) survey. Cyber risk follows closely, with anxiety about attacks on insurers and the costs of underwriting cyber crime. Read More
Blockchain Technology: Transforming Insurance in Real Time
AIG, IBM, and Standard Chartered Bank have successfully piloted the first multinational, smart contract"-based insurance policy using blockchain technology. The "smart contract" is a conversion of a multinational Read More