Market News
The Long Soft Market for Commercial Property Insurance Could Be Over
The Willis Towers Watson's "Marketplace Realities 2018" report reveals that commercial insurance buyers are likely to face rate increases for 2018 insurance programs as the industry continues to tally losses following one of the most active and financially disruptive hurricane seasons in history. Read More
Bermuda Remains Resilient to Major, but Improbable, Catastrophe Events
The resilience of Bermuda's re/insurance sector to withstand potential catastrophic events strengthened year over year (2015 to 2016), per the Bermuda Monetary Authority second annual "Catastrophe Risk in Bermuda" report. While gross catastrophe exposure increased by about 9 percent year over year, capital levels also increased at a slightly higher rate. Read More
Reimagining History Can Benefit Insurance Risk Analysis
Board members, policyholders, policymakers, risk managers, and others stand to gain from a Lloyd's/RMS report that encourages insurers to think about risk in a different way by highlighting counterfactual analysis and its potential to mitigate data bias, test model results, analyze tail risk, and identify potential high-impact events. Read More
IVANS October: Increased Variance in Commercial Lines Rate Change
IVANS has announced its October results in "IVANS Index: Premium Renewal Rate Index." The premium renewal rate change across the industry remained mainly positive but demonstrated more variance month to month than prior months. Businessowners policy continues to trend downward but remains the line of business with the highest premium renewal rate change. Read More
KBRA's Global Captive Insurer Rating Methodology Is Freshly Released
Kroll Bond Rating Agency's (KBRA's) Global Captive Insurer Rating Methodology is now published. The methodology describes the major quantitative and qualitative factors KBRA considers when assessing the financial strength of captive insurers. Read More