Market News

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

Don't miss the August issue of "Captive Insurance Company Reports" ("CICR"), which breaks down an Internal Revenue Service (IRS) Chief Counsel Advice (CCA) addressing the treatment of non–US-domiciled micro-captives when transactions are not considered insurance, focusing on withholding tax applicability under § 881(a). Read More

Aon Commercial Risk Solutions reported a 5.2 percent decrease in average price per million for public directors and officers (D&O) liability insurance in Q2 2024 compared to Q2 2023. The report highlights significant trends, including a 6.2 percent price drop for policies renewing in both quarters and a ninth consecutive quarterly decrease in the pricing index. Read More