Market News

All commercial insurance lines, other than workers compensation, experienced year-over-year increases in average premium renewal rate in November, according to the Ivans Index, a regular premium renewal rate index compiled by the Ivans insurance exchange service. On a month-over-month basis, most commercial lines experienced premium renewal rate increases in November. Read More

Cyber incidents, climate change, and business interruption are the top risk concerns among key market segments of the insurance industry, according to the recent "RiskScan 2024" survey from Munich Reinsurance America Inc. and the Insurance Information Institute (Triple-I). Read More

AM Best is maintaining its stable market segment outlook for the US commercial lines insurance sector for 2025. The rating agency said the sector's stable outlook is due in part to its persistently strong underwriting performance and improved investment returns, which have boosted US commercial lines insurers’ operating profitability. Read More

AM Best is requesting comments from industry participants on a draft update to its "Alternative Risk Transfer (ART)" criteria procedure. The main proposed update establishes a clear approach to assigning Financial Strength Ratings and Issuer Credit Ratings to individual incorporated cell entities. Read More

Cyber-insurance premiums will likely increase 15 percent to 20 percent per year to a total of approximately $23 billion by the end of 2026, according to a new report from S&P Global Ratings. Total cyber-insurance premiums stood at about $14 billion at the end of 2023, S&P said. Read More