Blog Archives
Why the Investor-Driven Hard Reinsurance Market Will Persist in ’24
Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed, reinsurance company executives said last week. Kevin ...
Wait ‘Til Next Year: Auto Profit Unlikely to Return in ’23, S&P Says
In spite of continued actions to raise prices of coverage, auto loss costs continue to climb and profits will continue to elude personal auto insurers—probably until 2024, analysts at Standard ...
What to Expect: 7 InsurTech Predictions for 2023
The year 2022 was not kind to the publicly traded InsurTechs. But beyond that smokescreen, new and growing InsurTechs continue to drive innovation. Here are seven trends ...
January Renewals See Hardest Property-Catastrophe Reinsurance Rates in Generation
A convergence of global events has led to the hardest property-catastrophe reinsurance market in a generation and a "complex," "grueling" and "late" January renewal ...
Reinsurers Winning on Price, Not Coverage Restrictions: Guy Carpenter
Prices rose, but threatened coverage changes haven't materialized during a delayed 1/1 reinsurance renewal period, according to reinsurance broker Guy Carpenter. Referring to Jan. 1, 2023 as "one of ...
What to Expect: Commercial Insurance Rates Stabilizing, WTW Forecasts
With last year's 25 percent rate hikes for public directors and officers liability insurance dropping to 2.5 percent, and 150 percent hikes for cyber cover sinking to 25 percent, significant ...
What to Expect: 2022 Combined Ratio Near 102; Stable or Better 2023
In a report published in early December, Fitch Ratings said a modestly improving earnings picture in coming months points to a "neutral" sector outlook for U.S. property/casualty insurers—and over ...
Bridging the InsurTech Divide with Data in 2023
The magic word to bridge a widening gap between successful and underperforming InsurTechs in 2023 is "data," according to a group of InsurTech experts who spoke with Carrier Management about their ...
Resolve to Act: How to Turn Intentions Into Commitments
It is that time of year when many of us set goals or make resolutions for the coming year.
For some of us, those resolutions are mere ...