Latest Market Headlines
All the headlines from our Market Topic Page, ordered by recency.
Best’s Italian Insurance Sector Report Sees Growth Despite Weak Economy
Oct 28 2015 // A special report from A.M. Best concludes that “Italy’s insurance market remained buoyant in 2014 and is well-placed to continue to grow in 2015, driven by demand for life products.” Best foresees a...
Outlook for Homeowners Insurance Market Improves: Aon
Oct 27 2015 // The outlook for the U.S. homeowners insurance market has improved over last year thanks in part to rate increases and lower reinsurance costs, according to reinsurance intermediary Aon Benfield. A new report by Aon...
Aon Expands Florida Reinsurance Operations
Oct 27 2015 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, is expanding its reinsurance and analytical capabilities in the state of Florida. Beginning January 2016, Aon Benfield will increase the...
Auto Insurance Market to Shrink 60% by 2040: KPMG
Oct 23 2015 // By the time today’s millennial insurance professionals are its top executives, the U.S. personal auto insurance industry will be a skeleton of its current self. Within 25 years, the private passenger automobile...
Spain’s Insurance Market has Continued to Show Resilience: A.M. Best
Oct 23 2015 // Spain’s insurance market has continued to show resilience, with companies focusing on profitability as the country’s economy showed further signs of recovery, according to a new report from A.M. Best, entitled...
Don’t Strangle the Cyber-Insurance Market in its Cradle
Oct 22 2015 // We live in an era of disruption. Technology redefines our world on a regular basis, as the wonders of networks that allow data to be transferred virtually without restriction have enmeshed knowledge and commerce into our...
Insuring against Terrorism: America’s Post-9/11 Recovery
Oct 19 2015 // In a nation founded on a system of checks and balances – House against Senate, Supreme Court versus the Presidency – gridlock can be a fact of life, especially in peacetime. But in a time of real trouble from...
October Storm Devastates South Carolina, Insurance Industry Responds
Oct 19 2015 // The claims filing and damage recovery process is underway in South Carolina after the mega-storm that hit the state Oct. 1 through Oct. 5 brought extensive damage statewide with some areas receiving more than two feet of...
Insurance Industry, IICF Raise $70K-Plus for Central Texas Flood Victims
Oct 16 2015 // Central Texas may currently be under drought conditions and suffering from elevated wildfire risk but merely months ago the situation was just the opposite. In May, the Austin and Central Texas areas were deluged with...
Why Australia’s IAG Decided to Halt China Expansion Plans
Oct 16 2015 // When Insurance Australia Group, the country’s largest general insurer, announced ambitious plans in June to ramp up its business in Mainland China, several institutional investors including Jason Kim were seriously...
Indiana’s Butler University Creating Student-Run Insurer
Oct 14 2015 // Almost a quarter of the insurance industry is set to retire by 2022, and Butler University’s College of Business in Indianapolis is preparing its graduates to fill those voids by establishing its own student-run...
What’s Driving Surplus Lines Insurance Growth?
Oct 12 2015 // Times are good for surplus lines professionals. The surplus lines industry reached new heights in 2014, growing direct premium written (DPW) in 2014 to $40.2 billion – the highest point in history, reports A.M....
Global Property Insurance Premiums Top $360 Billion: Finaccord Survey
Oct 12 2015 // As of the end of 2014 the worldwide property insurance market was worth $360.5 billion in gross written premiums with household (homeowners’) policies making up 54 percent of this total, according to a survey...
FERMA Forum Focuses on ‘Great Difficulties’ in an Ever Riskier World
Oct 9 2015 // The FERMA Forum differs from the Reinsurance Rendezvous in Monte Carlo, as it is mainly attended by corporate risk managers, rather than reinsurers and brokers. This year, however, two overriding concerns were uppermost in...
Assessing First-Half P/C Insurance Results: A.M. Best
Oct 6 2015 // The property/casualty insurance industry is likely to post a third consecutive year of underwriting profits, considering its performance in the first half of the year and barring any late year catastrophic losses,...
It’s a Tough Time for Reinsurers, but Their Defensive Strategies Are Working: S&P
Oct 6 2015 // It’s a tough time for reinsurers — “pricing is soft, regulators continue to raise the bar, capital is at record highs, competition is increasing, and reinsurers are constantly looking for ways to remain...
South Carolina Insurance Director: Insurers Ready for Claims from ‘Devastating’ Storm
Oct 5 2015 // The insurance industry is bracing itself for an expected onslaught of claims in the wake of what South Carolina officials are calling a 1 in 1,000 year storm. “This is an extremely devastating event,” said...
NAMIC Legislators of the Year from Indiana, Missouri
Oct 5 2015 // Missouri Rep. Don Gosen and Indiana Rep. Matt Lehman were named Legislators of the Year for the 2015 legislative session by the National Association of Mutual Insurance Companies. Gosen is chairman of the Missouri House...
Insurers Respond Slowly to Growing Demand for Cyber Insurance: Timetric Report
Oct 5 2015 // The cyber risk insurance market is experiencing rapid development, with the size of global gross written premiums growing from US$850 million in 2012 to an estimated US$2.5 billion in 2014, according to a new report by...
Growing the Next Generation of Agency Professionals
Oct 5 2015 // Despite low unemployment, competitive salaries and overall job stability, a career within insurance or at an insurance agency, is often overlooked by today’s Millennial generation. However, with the industry in the...
