Market News

FERMA's Global Risk Manager Survey highlights the growing role of captive insurance in managing uninsurable risks. The findings stress the need for proactive risk management strategies to address challenges like climate change and cyber risks, urging organizations to integrate these practices into their broader corporate strategies. Read More

Fitch Ratings' recent survey indicates differing expectations for 2025 reinsurance pricing, with some predicting increases driven by inflation, while others anticipate a softer market due to excess capital. Property-catastrophe margins are expected to remain strong, though opinions on compensating for rising loss trends vary. Read More

Latin American reinsurers are expected to continue their strong performance into 2025, driven by disciplined market conditions and favorable underwriting results. While rising competition and macroeconomic risks remain, the region's insurers benefit from increased premiums, stable retention rates, and manageable catastrophe-related insured losses. Read More

Deloitte's 2025 outlook highlights the challenges facing property and casualty insurers, from inflation and natural catastrophes to geopolitical risks. The report also emphasizes the growing role of artificial intelligence and technology in improving risk modeling, underwriting, and customer service, pushing insurers to modernize and innovate their operations for long-term resilience. Read More

Reinsurers are expected to push for double-digit US casualty rate increases in January 2025 renewals, driven by escalating loss costs and social inflation. Fitch Ratings highlights that reinsurers may also tighten cover limits and reduce commissions, as legal risks and reserve deficiencies impact the market. Tort reform remains a low policy priority. Read More