Market News

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. Read More

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 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'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

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