Keyword
Ratings/Research
Combined ratio for U.S. P&C industry improves 0.4 points to 97.2% through the third quarter of 2015: A.M. Best
January 18, 2016 by Canadian UnderwriterThe property and casualty industry in the United States continued to post favourable underwriting and operating results through the third quarter of 2015, with the combined ratio improving 0.4 points to 97.2 compared with its prior-year mark, ratings firm A.M.…
Dedicated reinsurance capacity likely to remain flat: A.M. Best
January 11, 2016 by Canadian UnderwriterRatings firm A.M. Best Company said on Monday that it expects that dedicated reinsurance capacity, which includes US$68 billion of convergence capacity, will likely remain flat at an estimated US$400 billion in 2015 compared with the previous year. A.M. Best,…
Property catastrophe reinsurance rates decline on January 1 renewals: Fitch
January 8, 2016 by Canadian UnderwriterInternational property catastrophe reinsurance rates dropped from 5% to 15% on renewal Jan. 1, after a quiet Atlantic hurricane season and with the availability of alternative sources of capital, Fitch Ratings Inc. suggested Wednesday. “Based on broker and market reports,…
U.S. p&c commercial lines 2016 outlook negative; personal lines outlook stable: A.M. Best
January 8, 2016 by Canadian UnderwriterAnticipating more downgrades than upgrades in the coming year, A.M. Best reports that it is maintaining its negative outlook on the commercial lines segment of the United States property/casualty industry. The negative outlook is despite relatively solid aggregate results over…
U.S. P&C insurer profits challenged by investment prospects: Fitch Ratings
December 23, 2015 by Canadian UnderwriterDeclining investment yields are among the most considerable operating challenges facing property and casualty insurers in the United States heading into 2016, credit ratings and research firm Fitch Ratings said on Wednesday. Yields in insurers’ investments “fell again in 2015…
Lloyd’s to launch insurance-based index in 2016
December 16, 2015 by Canadian UnderwriterLloyd’s of London, the world’s specialist insurance and reinsurance market, announced on Wednesday that it plans to launch its own insurance-based index in the summer of 2016. Lloyd’s said in a statement that the release “would be the first index…
U.S. commercial insurance price increases ‘continued to moderate further’ in Q3: Towers Watson
December 14, 2015 by Canadian UnderwriterThere was little change in commercial insurance premiums reported by carriers surveyed by Towers Watson & Co. in the third quarter of 2015 compared to the same period in 2014, while loss ratios improved overall by 1%. “Commercial insurance prices…
45% of global insurers believe that connected devices will be driver of revenue growth in the next three years: Accenture
December 9, 2015 by Canadian UnderwriterInsurers are accelerating their plans to become more digital, driven by increased adoption of Internet of Things (IoT) technologies, data and analytics tools and digital-first distribution models, according to a report released on Wednesday by global professional services company Accenture.…
U.S. commercial, personal lines sector will remain stable in 2016 despite challenges: Fitch Ratings
December 8, 2015 by Canadian UnderwriterOne day after Fitch Ratings reported that the insurance market underwriting cycle is turning unfavourable in many commercial market segments in the United States, the ratings firm said that it is maintaining its stable ratings outlook in both the commercial…
U.S. underwriting cycle turning unfavourable in commercial segments, including D&O liability: Fitch Ratings
December 7, 2015 by Canadian UnderwriterThe insurance market underwriting cycle is turning unfavourable in many commercial market segments in the United States, including directors and officers (D&O) liability insurance, Fitch Ratings said on Monday. The credit ratings and research firm said in a press release…
Combined ratio improves 2.9 points for Canadian P&C insurers: MSA
December 1, 2015 by Canadian UnderwriterFor the first nine months of 2015, underwriting income was nearly triple that of the same period in 2014, in the Canadian property & casualty insurance industry, MSA Research Inc. suggested in a recent report. Net premiums earned increased less…
Game Changer
December 1, 2015 Steven Maynard, Partner & National Analytics Leader, EY CanadaCanada is ahead of some other countries in embracing data analytics, although many organizations have yet to figure out how best to derive value from related initiatives. While the focus on analytics is encouraging, expanding the focus to also include the human element will drive even more value.