Market News

Global commercial insurance rates fell by 1 percent in Q3 2024, marking the first quarterly decline since 2017. This was driven by increased competition in the property market, with notable regional differences in rate changes across key markets. Read More

In this interview, Kim Guerriero, a principal with Milliman, provides expert insights on the evolving cyber-insurance landscape, the growing role of captive insurance, and strategies for managing cyber risks. She also highlights the importance of strong cyber-security practices and reinsurance in addressing complex and correlated cyber threats. Read More

FERMA's Global Risk Manager Survey highlights the growing role of captive insurance in managing uninsurable risks. The findings stress the need for proactive risk management strategies to address challenges like climate change and cyber risks, urging organizations to integrate these practices into their broader corporate strategies. Read More

Fitch Ratings' recent survey indicates differing expectations for 2025 reinsurance pricing, with some predicting increases driven by inflation, while others anticipate a softer market due to excess capital. Property-catastrophe margins are expected to remain strong, though opinions on compensating for rising loss trends vary. Read More

Latin American reinsurers are expected to continue their strong performance into 2025, driven by disciplined market conditions and favorable underwriting results. While rising competition and macroeconomic risks remain, the region's insurers benefit from increased premiums, stable retention rates, and manageable catastrophe-related insured losses. Read More