Published: July 2022
AM Best TV and AM Best Audio: Allianz Global Corporate & Specialty’s Khanna: Total Vessel Losses Down by 57%: Also, industry professionals discuss vlogging and need for innovation.
AM Best Webinars: How Insurers Are Countering Climate Change by Building Resiliency: Professionals also examine the non-catastrophe ILS market from a ratings perspective and discuss identity fraud management.
App Store: New App Helps Insurance Agents Do Their Job While on the Move: Orion180 has launched an app to give agents the freedom to quote, bind and manage a policy anytime or anywhere.
At Large: The Deep Understanding of Value in the US Market: Among the large mature markets, the U.S. is the only one where direct premiums written exceeded the global average over a 10-year period.
Best's Rankings: Top 200 U.S. Life/Health Insurers — 2022 Edition: The industry’s 2021 admitted assets increased 6.3%.
Best's Rankings: Top 200 U.S. Property/Casualty Writers — 2022 Edition: The industry’s 2021 net premiums written increased 9.3%.
Best's Rankings: Top 25 U.S. Holding Companies — 2022 Edition: Companies were ranked by 2021 total assets and revenue.
Best's Rankings: Top 75 U.S. and Canada Public Insurers — 2022 Edition: Insurers were ranked by 2021 assets and revenue.
Best's Rankings: World’s Largest Insurance Companies — 2022 Edition: Allianz ranked No. 1 based on 2020 net nonbanking assets while UnitedHealth Group ranked No. 1 based on 2020 net premiums written.
Book Store: Author: Annuities Can Help ‘Constrained Investors’ Manage Risk: David Macchia says many individuals’ retirement savings are not high in relation to the income they require.
Corporate Changes: Mergers, Acquisitions, State Actions and Name and Ownership Changes: Colonial Life Insurance and Amalgamated Casualty Insurance are among the U.S. life/health and property/casualty insurers that have experienced a corporate change.
Executive Changes: Axa Renews Chief Executive’s Appointment, Names Chairman: Markel co-CEO announces retirement, Generali board member resigns and Bermuda Monetary Authority appoints a new managing director.
From the Editor’s Desk: The Leaders Issue Features Best’s Review’s Top Global Brokers and Standing the Test of Time: This month’s Best’s Review also includes rankings of the industry’s largest insurers, coverage of the life insurance industry and a feature about the no-codification of insurance.
Global Broker Ranking: Top Global Insurance Brokers — 2022 Edition: Acrisure LLC moves to No. 7 from No. 9 and Alliant Insurance Services jumps to No. 8 from No. 11. AmeriTrust returns to the list after a one-year hiatus.
Industry Updates: Chief Execs Tout Howden Acquisition of TigerRisk as Providing Market Alternative: The deal creates a business with $30 billion in gross written premiums with 12,000 people across 45 countries, according to Howden.
Industry Updates: Munich Re US CEO: Reinsurance/ILS Capacity Might Not Return to Florida: Market needs higher prices, more reform or the absence of sizable losses for several years.
Insurance Marketing: Facebook, Instagram Help Agents Connect With Customers: Foremost’s Jeff Bair reveals how to help independent agents take flight with digital marketing.
Life Insurance: Life Reinsurers Find Hope Even as COVID-19 Lingers, Mortality Rates Shift: Two years into the COVID-19 pandemic, mortality and death benefits paid remain higher for life insurers, even as the rush of working-age mortality abates and face values get lower.
Medical Professional Liability: AM Best: US Medical Professional Liability Faces Headwinds as Outlook Is Negative: Panelists discussed an expected spike in the number of COVID-19-related claims, delayed litigation and the impact on open claims, cybersecurity and telemedicine.
Preferred Publisher Program: In Other News ...: A roundup of news from publishers around the globe. Access to some sites may require registration or subscription.
Standing the Test of Time: Standing the Test of Time — 2022 Edition: In 2021, 66 property/casualty and 19 life/health carriers have maintained a Best’s Financial Strength Rating of A or higher for at least 75 years.
Technology: An Investment Thesis, Revealed: ‘No-Code’ for Insurance: ‘No-code’ is about to become a cornerstone of the technology stack, where non-engineers can assemble a product, a user experience, or a claims process using a set of software building blocks.
The Last Word: Pumpkin Launching Contests or Holes-in-One — Insurance Has Them Covered: Indemnity insurance underwrites promotional events that award large prizes, no matter how offbeat the contest is.
Trending: Best’s Research: Trending Research Includes Reports on the UK Life Insurance Market and the London Market Segment: Other trending research includes reports on U.S. P/C results in 2021 and the troubled Florida property market.
Web Traffic: Visits to Top Global Insurance Brokers Sites: Truist Insurance Holdings Inc. leads web analytics provider Semrush's ranking of insurance brokers.
What AM Best Says: AM Best: Recent D&O Improvements May Stall Amid Market Challenges: Earlier this year, AM Best affirmed its negative outlook on professional lines, of which D&O is an important part. Expanding risks associated with cyber liability, information privacy and employment practices are among those concerns.