Market News

The recent 2017 "Workers' Compensation Benchmarking Study" measures industry-wide advancement in claims management over the past 3 years. The study validates how and what higher performers are doing differently than lower-performing peers to reveal a robust profile of the successful claims organization. Read More

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

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 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

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