Articles
Insurance
Almost all lines of business are seeing rate increases as well as greater underwriting discipline something that reinsurers have not seen for many years. 21 October 2019
Insurance
A shift has taken place in recent years to a new terrorism paradigm of lower severity but higher frequency modus operandi. Specifically, as security forces have tightened around the formation of groups and their ability to construct improvised explosive devices (IEDs), marauding attacks have become more common, using weapons including vehicles, bladed instrument and guns. 21 October 2019
Insurance
The heavy losses the industry has borne in the past two years caused by so-called secondary perils have forced something of a reset in the mentality of re/insurers, whereby some are relying less on the pure output from risk models and more on their own individual view of the risk before them. 21 October 2019
Insurance
Pricing across the risk transfer market continues to resemble a U-curve, with primary rates increasing, retrocessional rates increasing—but reinsurance pricing remaining stubbornly flat with only loss-hit accounts experiencing any meaningful rate hikes. 21 October 2019
Insurance
AM Best has identified 30 insurers with substantial terrorism exposures and a heavy reliance on the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which is due to expire on December 31, 2020—something the rating agency has described as a significant concern. 21 October 2019
Insurance
The market should brace itself for some disruption if the Terrorism Risk Insurance Act (TRIA) is not extended in 2020—and carriers should definitely assume that changes to the terrorism backstop will be made, and prepare accordingly. 21 October 2019
Insurance
Bermuda remains the global leader in the ILS space. Helen Goonewardene, vice president, business development at HSBC Securities Services, Bermuda, told APCIA Today why. 21 October 2019
Insurance
The US market is in a period of transition, and Swiss Re is helping its primary insurance clients navigate this changing environment by helping them plug gaps in coverage and open up new opportunities, Keith Wolfe, president of US property & casualty, told APCIA Today. 21 October 2019
Insurance
Small, transactional, commercial lines business in the US will increasingly adopt a direct-to-insurer business model, cutting brokers out of the loop, in the same way personal lines business has evolved. 21 October 2019
Insurance
Alternative capacity and its effect on the market is expected to dominate conversations at this year’s Baden-Baden Reinsurance Meeting, according to an Intelligent Insurer reader survey ahead of the event. 21 October 2019
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