Market News
Premium Hikes Eased but Continued for 28th Consecutive Quarter in Q3
Commercial insurance premium increases continued to moderate during the third quarter of 2024, according to the Council of Insurance Agents & Brokers' (CIAB) latest Commercial Property-Casualty Market Index report. Still, the period was the 28th consecutive quarter the CIAB survey revealed premium increases across all account sizes. Learn More
80 Percent of Risk Leaders Doubt Resilience to Emerging Risks by 2034
A WTW survey reveals 80 percent of risk leaders doubt their organizations' resilience to emerging risks by 2034, citing technology, climate change, and geopolitical concerns as key challenges. The findings emphasize the need for robust frameworks to address interconnected risks and enhance preparedness amidst accelerating global change. Learn More
Gallagher Re Explores AI's Role in Third-Quarter 2024 InsurTech Advancements
Gallagher Re's Q3 2024 InsurTech Report highlights $1.38B in funding, artificial intelligence (A)I-centered InsurTech growth, and a focus on central business operations. The report emphasizes midstage investments and AI-driven policy administration, showcasing the evolving role of technology in the (re)insurance industry's operational efficiency and strategic priorities. Read More
AM Best Maintains Positive Outlook for Delegated Underwriting Authority Segment
AM Best maintains a positive outlook for the delegated underwriting authority enterprise (DUAE) segment, citing strong growth and niche expertise. Challenges include reliance on reinsurance and rapid expansion risks. Strategic partnerships and investments in technology support development, while governance remains critical as DUAEs adapt to rising demand for specialty insurance products. Read More
Aon Q3 Report Highlights Buyer-Friendly Trends, Caution in Key Areas
Aon's Q3 report outlines favorable insurance market conditions with improved pricing and ample capacity across many sectors. Strategic opportunities are emerging as insurers focus on growth and disciplined underwriting, while challenges persist in US casualty and other complex risk areas due to social inflation and evolving market demands. Read More
Positive Outlook for Global Reinsurance: Insights from AM Best's Latest Report
AM Best's latest report maintains a positive outlook for the global reinsurance market in 2024. Despite hurricane losses, reinsurers show strong profitability, driven by disciplined underwriting and stable property rates. Heightened scrutiny on casualty reserves and increased selectivity in underwriting also shape the market's trajectory. Read More
Swiss Re Institute Highlights Global Insurance Trends Amid Economic and Geopolitical Shifts
Swiss Re's latest sigma report examines global insurance market trends, emphasizing slower non-life premium growth, profitability supported by elevated interest rates, and diverging economic trajectories for the United States, Europe, and China. The report urges proactive scenario monitoring as geopolitical and macroeconomic risks continue to shape the global insurance landscape. Read More