Delegated underwriting authority enterprise are enjoying strong growth rates in underserved segments but the market warrants a note of caution on capacity and fronting concerns.
Tag: insurance capacity
Reserving: Higher Uncertainty Puts Adequacy in the Spotlight
Larger reserves for the most recent years and a cushion for as-yet unreported claims suggest a solid buffer is in place, but recent shocks are pushing up claims, raising questions about adequacy. With uncertainty high, insurers may reduce risk appetite and new business capacity, which may in turn sustain the hard market conditions.
How to Help Your Clients in the Tough Property Insurance Market
The commercial property insurance market remains challenging, with several factors contributing to difficult conditions and premium increases. First, the frequency and severity of catastrophic events have caused significant losses globally. Second, reinsurance costs have risen due to catastrophic events, inflation, and selective reinsurance. Third, underinsurance is a concern, with many business owners needing to adjust their policy limits.
Marsh Launches Fast Track, Bringing Significant Additional Insurance Capacity to Global Market
Marsh announced the launch of Fast Track, an insurance facility that will bring a substantial amount of additional “follow form” capacity to its clients globally across major lines of business.
WTW: Hard Market Begins to Ease
The second half of 2022 has ushered in a new environment that provides a brighter picture, one with improved pricing conditions, coverage, and capacity for many commercial lines of business.
More of the Same for April 1 Reinsurance Renewals
International reinsurance renewals completed for April 1, 2021 followed trends set earlier in the season, as market pricing remained firm in virtually all classes and territories. Capacity was adequate across the board, and no substantive changes took place in negotiations over exclusionary language, according to the latest 1st View renewals report from Willis Re, the… Continue reading More of the Same for April 1 Reinsurance Renewals
Reason and Logic Govern Firming Reinsurance Landscape: Willis Re 1st View
Despite the impact of COVID-19 both on working conditions and exposures – and with discussions of the latter largely deferred until after 1 January treaty renewals – reinsurers have largely arrested the persistent downward trends which characterised recent years. For buyers, terms and conditions have overall been less onerous than initially feared again revealing the… Continue reading Reason and Logic Govern Firming Reinsurance Landscape: Willis Re 1st View