Market News

In the recent report "The Rise of Artificial Intelligence: Future Outlook and Emerging Risks," insurer Allianz Global Corporate & Specialty (AGCS) identifies both the benefits and emerging risk concerns around the growing implementation of artificial intelligence (AI) in society and industries, including the insurance sector. Read More

Outstanding capacity under catastrophe bonds is greater than ever, according to Willis Towers Watson Securities. The first quarter of 2018 saw $3.1 billion of underwritten, widely distributed non-life insurance-linked securities (ILS) capacity issued through 12 catastrophe bonds, compared to $1.7 billion through 5 bonds in the same quarter of 2017. Read More

Blockchain is a potentially game-changing technology for the insurance industry over the long term. Benefits could range from significantly reduced operating costs, more accurate customer-specific data, better risk pricing, and improved efficiencies. However, the technology remains unproven, and greater clarity around its advantages and risks will be revealed. Read More

After releasing a request for proposal earlier this year, the incorporators of a new Connecticut captive insurer, Connecticut Foundation Solutions Indemnity Company, LLC, have chosen Connecticut-based international captive consulting firm Michael Maglaras & Company to take on the important assignme as the captive entity's superintendent, effective immediately. Read More

Demotech's "Analysis of Risk Retention Groups-Year-End 2017" reports on the overall financial performance of risk retention groups. The rating company's senior financial analyst, Douglas Powell, has concluded that "RRGs have a great deal of financial stability and remain committed to maintaining adequate capital to handle losses." Read More