Market News

Global commercial insurance rates declined 2 percent in the fourth quarter of 2024, per Marsh, marking a second consecutive drop. Property, financial lines, and cyber insurance saw decreases, while US casualty rates rose 7 percent. Regional trends varied, with Pacific rates falling the most at 8 percent, while Latin America and other regions saw modest increases. Read More

North Carolina's captive insurance industry continues to grow, with over 1,600 licensed entities since 2013. The state's flexible regulations and strong economy attract businesses seeking self-insurance solutions, risk management control, and cost-effective access to reinsurance. Signs point to continued growth in 2025 as companies explore alternative risk transfer options. Read More

Connecticut's captive insurance sector grew by 17 percent in 2024, adding 9 new captives and 17 protected cells. The state's strong regulatory framework, skilled workforce, and updated legislation continue to attract businesses seeking alternative risk financing solutions, solidifying Connecticut's position as a leading US captive insurance domicile. Read More

An AM Best survey highlights strong growth potential for Delegated Underwriting Authority Enterprises (DUAEs), with insurers valuing their specialization, niche market access, and tech-driven capabilities. The report notes challenges in compliance and accountability but underscores DUAEs' role in expanding underwriting capacity and leveraging predictive analytics for competitive advantage. Read More

Kroll Bond Rating Agency's "AI in Insurance: The Future Is Now" examines artificial intelligence's (AI's) expanding role in marketing, underwriting, and claims processing while addressing regulatory challenges. The report highlights AI's benefits, including efficiency and fraud detection, alongside risks like bias and cyber security, emphasizing the importance of governance and compliance for insurers adopting AI strategies. Read More