Market News
WTW Survey Shows Commercial Insurance Price Increases Continued in Q3
US commercial insurance prices continued to increase during this year's third quarter, with insurers reporting an aggregate commercial price change of 6.1 percent, according to Willis Towers Watson's (WTW's) Commercial Lines Insurance Pricing Survey. Read More
Risk Innovation: Captives + Linked Securities
Combining captive insurance with insurance-linked securities (ILS) can provide long-term value and additional risk transfer capacity and capabilities for enterprise-scale companies. The ILS sector acts as a proven and reliable complement to the commercial insurance and reinsurance market. Read More
US Property-Casualty Industry Posts 9-Month Underwriting Loss
The US property-casualty insurance industry posted a $32.2 billion net underwriting loss through the first 9 months of 2023, according to A.M. Best. The underwriting loss during this year's first 3 quarters was $7.6 billion worse than the loss posted over the same period in 2022, Best said. Read More
Lloyd's Reschedules Launch Date for Blueprint Two Second Phase
Lloyd's has moved the launch date of phase two of its Blueprint Two digitalization program—which includes the Digital Gateway—to April 2025. Lloyd's had earlier indicated that the Blueprint Two program would be delivered in two phases, with the first phase going live on July 1, 2024. Read More
Commercial Lines Month-over-Month Premium Changes Mixed in November
While all major commercial insurance lines experienced year-over-year increases in average premium renewal rate in November, the month-over-month picture was mixed, according to the IVANS Index, a regular premium renewal rate index compiled by the Ivans insurance exchange service. Read More