Published: July 2020
Remote Access
AM Best Rankings: Top 200 U.S. Life/Health Insurers: Industry's admitted assets increased 8.2%.
AM Best Rankings: Top 200 U.S. Property/Casualty Writers: Industry's net premiums written increased 3.2%.
AM Best Rankings: Top 75 North American Public Insurers: Ranked by 2019 Revenue.
AM Best Rankings: Top 75 North American Public Insurers: Ranked by 2019 Assets.
AM Best Rankings: Top U.S. Holding Companies: Top 25 U.S. Holding Companies, 2019.
AM Best Rankings: World's Largest Insurance Companies: Based on 2018 net premiums written.
AM Best TV & Audio: Industrywide Impact: Workers’ compensation insurance, commercial auto, life insurance and asset management are all facets of the insurance industry being impacted by the COVID-19 pandemic and quarantine. Even hurricane forecasting can be affected. AMBestTV and AMBestAudio report on how the turmoil from the pandemic is impacting insurers.
AM Best Webinars: Protecting Data, Fighting Cybercrime and a Look At COVID-19 Challenges: Industry experts discuss protecting customers’ data and keeping assets secure from cybercrime; claims professionals examine the issues confronting the claims sector, and developments shaping the post-COVID-19 era.
At Large: Underspend, Overperform: How leading carriers defy conventional wisdom.
CEO Interviews: Remote Access: Insurance CEOs are adjusting to leading a remote workforce. Along the way, they’re learning about themselves, their people and what changes they want to continue when the global pandemic ends.
Corporate Changes: Corporate Changes: All companies listed are life/health or property/casualty insurers in the United States and Canada that recently underwent corporate changes.
Executive Changes: Houston International Insurance Group Names CEO: Also: Topa names president and CEO, Maryland has new commissioner, Chubb names chief accounting officer and insurance industry loses two former leaders.
From the Editor's Desk: Leading Change: Insurance leaders discuss lessons learned from managing remote workforces. In the July issue, Best’s Review also presents its annual ranking of the top global brokers and rankings of top insurers.
Global Broker Ranking: Top Global Insurance Brokers: Acrisure LLC and EPIC Insurance Brokers & Consultants each jump two spots in ranking. China-based Fanhua makes a return.
In the News: Caribbean Cat Fund Covers Over $1 Billion in 2020 Risk: The European Union supports fund with grant of $11.2 million.
In the News: NY State Agrees to Fintech Cooperation Pact With France: Regulator says agreement will foster collaboration to support cross-border fintech developments.
In the News: Regulatory Update: Business interruption insurance task force proposed; NY addresses fast-tracking insurtechs and Florida cat fund not renewing reinsurance.
In the News: UK Launches Trade Credit Insurance Scheme: The scheme is available on a temporary basis and is available to insurers operating in the U.K. market.
Industry Research: AM Best Research: AM Best expects the bail bond market to face legislative headwinds, sees reinsurers bracing for mortgage losses and says the D&O industry could face “seismic” changes. It also reports the results of its COVID-19 stress test of rated companies.
Industry Updates: Backstop Needed: Citing Europe and Canada, trade credit insurers seek U.S. government reinsurance in volatile market.
Industry Updates: On the Rise: Willis Towers Watson: First-quarter commercial lines pricing up more than 6%.
Insurance Marketing: Come Together: Argo Group’s Leah Ohodnicki discusses the role marketers play in working with teams across the organization to drive revenue and attract top talent.
Life Insurance: Making the Jump: The realities of doing business during the global COVID-19 pandemic are forcing the notoriously slow-moving life insurance industry in many cases to leap into the digital age and make planned adjustments ahead of schedule.
Next Wave: Stay Connected: Keeping office traditions alive helps employees stay engaged in a remote work environment.
Positivity in Pandemic: Best’s Review recently asked that readers tell us some positive stories about how they have helped clients during the COVID-19 pandemic.
Regulatory/Law: The BI Challenge: Kudos to those who during this time of pandemic understand risk and the insurance industry.Kudos to those who during this time of pandemic understand risk and the insurance industry.
Standing the Test of Time: Standing The Test Of Time: A 147-year-old property/casualty insurer joined the ranks of companies that have maintained a Best’s Financial Strength Rating of A or higher for at least 75 years.
Technology: The New Normal: Insurers are finding ways to reshape digital strategies and investments in the midst of a pandemic.
The Last Word: Hit the Right Note: Industry professionals are combining a passion for music and the skills gained from their avocation with their insurance careers.
What AM Best Says: Lessons Learned: AM Best webinar: Initial COVID-19 stress test finds U.S., Canadian life/health writers most impacted.