Market News

US commercial auto insurers continue to face substantial losses as rising accident severity, social inflation, and escalating repair costs strain the segment, according to AM Best's latest report. Despite underwriting adjustments and pricing efforts, commercial auto insurance struggles to reach profitability, facing ongoing challenges in a competitive property-casualty market. Read More

A recent article from BestWire in London highlights the transformative role of artificial intelligence (AI) in insurance. Edin Imsirovic discusses generative AI's ability to streamline claims and customer service, though integration remains challenging. Efficient information technology infrastructure is crucial for insurers seeking to harness AI, especially in complex business lines. Read More

A.M. Best's latest report shows global reinsurers reached a 22 percent ROE in 2023, a 5-year high driven by strong underwriting and investment results. Read More

Lloyd's new captive syndicate model introduces an innovative approach to multinational risk management, eliminating the need for fronting capacity and offering seamless cross-border coverage. With licenses in over 80 countries, this model enables companies to efficiently manage direct and third-party risks, especially across complex global supply chains. Read More

Competitive US workers compensation state funds maintained market share with steady premium growth amid economic recovery. Despite underwriting losses driven by high policyholder dividends, the funds' appeal remains strong, especially in restricted markets, as businesses increasingly seek state fund options when private market coverage is limited. Read More