Market News
Pricing Improvement Expected for P&C Insurance and Reinsurance
Prices in non-life insurance and reinsurance are expected to increase, according to Swiss Re. The multiple large natural catastrophe events that occurred in the second half of 2017 have drained capital from the property-casualty sector. Simultaneously, prices have been low, having fallen substantially over the past several years. Read More
A.M. Best Projects Combined Ratio for Global Reinsurance
An A.M. Best briefing projects an estimated combined ratio of 110 percent for its composite of global reinsurers, with return on equity ranging from 0 percent down to -5 percent. The last time the global reinsurance composite reported a combined ratio above 100 percent was in 2011. Read More
"Cyber Insurance for Healthcare Market Survey" Now Available
International Risk Management Institute, Inc. (IRMI), has released the "Cyber Insurance for Healthcare" issue of The Betterley Report. This new report provides an overview of the market conditions and coverage trends related to cyber and privacy insurance for healthcare organizations. Read More
Milliman To Redesign Nationwide Rating Plan for NFIP
The Federal Emergency Management Agency (FEMA) has selected Milliman, Inc., to provide actuarial consulting services to redesign flood insurance products across the National Flood Insurance Program (NFIP). Milliman will provide state-of-the-art tools, technology, and analysis to FEMA in order to design a new rating plan for NFIP policies nationwide. Read More
Harvey, Irma, and Maria's Impact on the Alternative Capital Market
Over the course of 4 weeks late in the summer of 2017, Hurricanes Harvey, Irma, and Maria brought dangerous and immensely destructive conditions to a wide swath of the Caribbean and continental United States. Aaron Koch of Milliman surveys the damage and discusses impact for the alternative capital market. Read More