Market News

The US property-casualty insurance industry posted a $4.1 billion net underwriting gain through the first 9 months of 2024, according to AM Best. The industry results over the year's first 3 quarters represented a significant improvement from the $32.1 billion loss it posted over the same period last year. Read More

Despite improvements in global economic conditions, business leaders across most G20 countries consider the threats of recessions, labor shortages, and inflation as among the top risks facing their organizations, according to a new report. Poverty and inequality and extreme weather events are also among the top five risk concerns. Read More

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