Market News

According to the Ivans Index, most commercial insurance lines saw year-over-year premium renewal rate increases in January 2025, including commercial auto, businessowners policy, general liability, commercial property, and umbrella. Workers compensation was the only line to experience a decline compared to January 2024. Read More

US surety insurers benefit from rising construction spending, but higher loss ratios in 2023–2024 have tightened underwriting standards. Public infrastructure projects and new technology investments offer continued growth opportunities, while economic inflation and labor shortages present challenges. Federal funding initiatives further support market expansion for surety coverage providers. Read More

Captive insurance provides a strategic alternative for businesses seeking cost-effective risk management. By covering hard-to-insure and emerging risks, captives offer flexibility, financial control, and access to reinsurance, making them a valuable tool for organizations looking to mitigate risk and manage insurance costs efficiently. Read More

Global commercial insurance rates declined 2 percent in the fourth quarter of 2024, per Marsh, marking a second consecutive drop. Property, financial lines, and cyber insurance saw decreases, while US casualty rates rose 7 percent. Regional trends varied, with Pacific rates falling the most at 8 percent, while Latin America and other regions saw modest increases. Read More

North Carolina's captive insurance industry continues to grow, with over 1,600 licensed entities since 2013. The state's flexible regulations and strong economy attract businesses seeking self-insurance solutions, risk management control, and cost-effective access to reinsurance. Signs point to continued growth in 2025 as companies explore alternative risk transfer options. Read More