Market News

Marsh Captive Solutions releases a sneak peek update of their 2023 data. Canada leads growth at 78 percent, followed by the United Kingdom/Europe at 15 percent. Traditional property and casualty coverages remain dominant, with significant increases in property (29 percent), medical stop loss (37 percent), and cyber liability (17 percent). Read More

In this IRMI podcast, Danny Linton of Pinnacle Actuarial Resources explores the increasing use of captive insurance by public entities and risk pools. He predicts significant growth in captive formations, emphasizing tailored coverage, financial stability, and cost savings as key benefits for public entities seeking enhanced risk management strategies. Read More

AXA Hong Kong and Macau's "Heatwave Parametric Insurance" protects outdoor workers from increasing climate risks during the summer. The product addresses the growing threat of heat waves, simplifying the claims process and providing solutions for workforce protection amid climate change. Read More

Ivans® reports July 2024 saw premium renewal rate increases year over year for most commercial lines, except workers comp, which decreased. Month over month, commercial property rates also decreased. Read More

Captive insurers excel with high dividends, reduced acquisition costs, and quick risk response. Their structure promotes early risk identification and stakeholder alignment. Expected to grow, captives offer customized solutions, outperforming commercial insurers by providing tailored coverage and better claims management, all while being flexible and proactive. Read More