Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Viewpoint: Can Intelligent Automation Ensure the Survival of the Insurance Industry?
Aug 19 2022 // The economic viability of the insurance industry’s current business model has been in question for several years. McKinsey’s 2022 Global Insurance Report shows that 52% of the industry’s global equity had...
P/C Underwriting Profitability to Worsen as Inflation, Hard Market Persist: Triple-I, Milliman
Aug 16 2022 // The 2022 combined ratio for the property/casualty insurance industry is forecast to be 100.7, a worsening of 1.2 points relative to 2021, driven by significant deterioration in the personal auto line. Loss pressures and a...
Speed Equals Satisfaction in a Historically Slow Insurance Industry
Aug 10 2022 // This post is part of a series sponsored by AgentSync. If there’s one thing your insurance business can do to improve both employee and client satisfaction, it’s finding a way to cut down delays and lag times in...
Insurance Industry Charitable Foundation Launches IICF Global Membership Program, Welcomes Individual Insurance Professionals to Become Members
Jul 28 2022 // Los Angeles, CA., June 27, 2022 – The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, on June 1, 2022, launched their new Global...
RLI Bullish on Southeast Property Insurance Market as Others Exit
Jul 22 2022 // RLI Corp. has been hiring teams of property insurance professionals as the specialty insurer embraces opportunity in the southeastern U.S. market that others are fleeing, executives said Thursday during a second-quarter...
P/C Industry to Finish 2022 With Combined Ratio Over 100: S&P
Jul 18 2022 // For the first time since 2017, the calendar-year combined ratio for the property/casualty industry will eclipse 100 in 2022 due to inflation, according to S&P Global Market Intelligence. “We expect that growth...
Insurance Industry Support of Carbon Removal Needed in Drive to Net Zero
Jul 13 2022 // Ditching investments in fossil fuel businesses—and denying them insurance—aren’t the only ways for the insurance industry to participate in the drive to net zero greenhouse gas emissions, according to...
AM Best Keeps Negative Outlook on Mexico’s Insurance Industry
Jul 11 2022 // AM Best said it is maintaining its negative outlook on Mexico’s insurance market segment due to increased levels of inflation and slow GDP growth. AM Best’s analysts project 2% growth for the country’s...
Captives, MGAs, MGUs Contribute to Growing Cyber Insurance Market
Jul 4 2022 // The hard market for cyber insurance, which is expected to continue for “some time,” and a lack of capacity has made captive insurers an “attractive risk management option for corporations,” said AM...
Getting the Measure of Inflation for the (Re)insurance Industry
Jun 30 2022 // This content was recently published in the Blogs section of RMS’ website. It is republished here with permission. Since the early days of the COVID-19 pandemic, inflationary trends have captured news headlines around...
P/C Industry to Finish 2022 in the Red With Combined Ratio Over 100: S&P
Jun 30 2022 // For the first time since 2017, the calendar-year combined ratio for the property/casualty industry will eclipse 100 in 2022 due to inflation, said S&P Global Market Intelligence. “We expect that growth rates in...
‘It’s Not Been Fun’: Cyber Insurance Brokers Seek Consistency as Hard Market Settles
Jun 29 2022 // Alexandra Bretschneider said it feels like she has been a part-time grim reaper the last two years. The cyber practice leader at broker Johnson, Kendall & Johnson said, “I am just constantly delivering bad...
Markets/Coverages: Hippo Enters Home Insurance Market in Massachusetts
Jun 22 2022 // Digital insurer Hippo Insurance Services announced the availability of its home insurance products in Massachusetts. Residents of the Bay State can now access Hippo’s home insurance coverage, as well as...
Captives, MGAs, MGUs Contribute to Growing Cyber Insurance Market
Jun 21 2022 // The hard market for cyber insurance, which is expected to continue for “some time,” and a lack of capacity has made captive insurers an “attractive risk management option for corporations,” said AM...
Medical Professional Liability Insurance Market Improves but Still Unprofitable
Jun 20 2022 // The U.S. medical professional liability insurance (MPLI) market saw an improvement in financial performance in 2021 but its combined ratio remained an unprofitable 108 and a return to profitability is unlikely, said Fitch...
Medical Professional Liability Insurance Market Improves but Still Unprofitable
Jun 14 2022 // The U.S. medical professional liability insurance (MPLI) market saw an improvement in financial performance in 2021 but its combined ratio remained an unprofitable 108 and a return to profitability is unlikely, said Fitch...
Tennessee Regulators Tout Insurance Industry Growth in the State
Jun 7 2022 // Tennessee regulators are crowing about the considerable growth in the insurance industry the state has seen in the last two years. Insurance Commissioner Carter Lawrence said in a bulletin posted Tuesday that the 294,000...
P/C Industry Posts 2021 Underwriting Loss but Surplus Hits $1 Trillion
Jun 6 2022 // Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020, but the industry turned in a $3.8 billion underwriting loss in 2021. The P/C industry posted a $5.2...
P/C Industry Posts 2021 Underwriting Loss but Surplus Hits $1 Trillion
May 26 2022 // Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020, but the industry turned in a $3.8 billion underwriting loss in 2021. The P/C industry posted a $5.2...
Florida Senate Committee Passes Insurance Market Rescue Bill 19-2
May 24 2022 // A Florida Senate committee overwhelmingly approved two measures Monday that supporters believe will go a long way toward trimming roof claims, litigation expenses and reinsurance costs for beleagured property insurers –...
