Courting Captives
AM Best TV & Audio: Hotels’ Expanded Amenities Offerings Could Prompt Wider Insurance Needs, Exec Says: Also, professionals discuss bridging the insurance services gap for women, serving a minority customer base and building a successful career.
AM Best Webinars: Panelists Discuss the State of the Cyber Insurance Sector, Strategies for Addressing Risk: Professionals also explore how to minimize loss pre-lawsuit and examine recent developments in the Florida property and DUAE markets.
AM Best’s Media Program – Publisher: In Other News ...: A roundup of news from publishers around the globe. Access to some sites may require registration or subscription.
AM Best’s Media Program — Podcaster: Podcast Goes ‘Behind the Headlines’ To Explore All Things Insurance: Sam Casey, an Insurance Insider senior reporter, aims to offer a deep dive into the London market, reinsurance and other topics in his wide-ranging show.
Artificial Intelligence: Leading AI Platforms Respond to Questions About Captive Insurance Domiciles: Best’s Review asked three leading artificial intelligence models about captive domiciles and risks.
At Large: From Productivity to Prevention: AI and the Future of Insurance: The predictive capabilities of artificial intelligence could extend into assessing risk as well as enhancing loss prediction and prevention.
Best's Rankings: US Commercial Multiperil – 2023 Direct Premiums Written – 2024 Edition:
Best's Rankings: US Homeowners Multiperil – 2023 Direct Premiums Written – 2024 Edition:
Best's Rankings: US Life/Health – 2023 Accident & Health Insurance Contracts – 2024 Edition:
Best's Rankings: US Life/Health – 2023 Group Annuities Premiums for Life Contracts – 2024 Edition:
Best's Rankings: US Life/Health – 2023 Individual Life Premiums for Contracts – 2024 Edition:
Best's Rankings: US Property/Casualty Insurers – 2023 Direct Premiums Written by Line – 2024 Edition:
Best's Rankings: US Total Auto – 2023 Direct Premiums Written – 2024 Edition:
Best's Rankings: US Workers’ Compensation – 2023 Direct Premiums Written – 2024 Edition:
Best’s Rankings: Largest Latin America Insurers – 2024 Edition: Ranked by 2022 gross premiums written.
Book Store: Growing Threats Spur Need for Robust Security Strategies, Cyber Insurance: Alliant Insurance Services’ David Finz discusses the evolving cyberthreat environment and the need for solutions.
Captive Insurers: Courting Captives: Domiciles Seek To Win New Business: Changing tax environments are just one element ramping up competition among captive insurance domiciles.
Executive Changes: AIG Taps Former Exec as Global Head of Specialty, Hires Executive Vice President-Chief Human Resources and Diversity Officer: Canopius names successor as group chairman steps down, Swiss Re fills CEO corporate solutions role and Beazley appoints head of U.S. cyber.
Forever Chemicals: ‘Forever Chemicals’ Spur New Lawsuits: PFAS, which are found in a variety of commonly used chemicals, have been linked to some health consequences, leading to new litigation with worst-case scenarios projecting more than $160 billion in claims.
From the Editor’s Desk: Competing for Captives: Captive domiciles are seeking to win new business and challenge established players. This month’s issue also includes “Standing the Test of Time.”
India Insurance: Bima Sugam: An Online Boost to India’s Insurance Market: The Indian government’s initiative to create an insurance marketplace is a tried-and-tested method dating to the 17th century and deserves to be handled with caution.
Insurance Marketing: Berkley Marketing Executive Uses Gamification To Engage Customers, Drive Increasing Revenue Growth: Lisa Rowland discussed rebranding strategies, innovation in marketing and the creation of strategic marketing campaigns during a recent marketing leader lunch presented by the Insurance Marketing & Communications Association and AM Best.
Insurance Professional Resources: Attorney Sanctioned More Than $71,000 for Pushing Frivolous Litigation Against School District: A U.S. District Court ruled that an attorney who had filed a discrimination case against a New Jersey school district will need to reimburse the board of education for attorney fees and costs.
Issues & Answers: ISSUES & ANSWERS: Auditors & Actuaries: A senior consulting actuary discusses how new guidance from the American Institute of Certified Public Accountants should improve communication between her colleagues and auditors.
Latin America Insurers: AM Best: Mexico’s Insurance Segment Outlook Remains Stable: A new Best’s Market Segment Outlook report maintains Mexico’s insurance industry at stable, owing to strong premium growth and solid profitability despite Hurricane Otis.
Life Insurance: Tokenized Life Insurance Policy Debuts Through Blockchain, Digital Firm Infineo Says: The tokenization of life policies fits within a shift to apply technology to real-world assets and will enhance efforts to make the $3 trillion life insurance market more accessible and affordable globally, according to the company.
Risk Adviser: Beyond the Hype: Focusing on Value in Digital Underwriting Optimization: Automating underwriting has been a fitful process, but once the buzzwords of artificial intelligence have faded into the background, AI stands to be transformative in delivering value when assessing risks and optimizing business.
Standing the Test of Time: Standing the Test of Time — 2024 Edition: In this edition, 176 insurers maintained a Best’s Financial Strength Rating of A or higher for at least 50 years, including 22 for at least 100 years.
State Rate Filings: US Homeowners Insurers Win Approval for Sizable Rate Hikes in Multiple States, AM Best Data Shows: A group of real estate, housing and nonprofit organizations recently sent a letter to a range of federal agencies and departments, saying owners, operators and developers of for-sale and rental housing have faced skyrocketing insurance costs for the better part of the past decade.
State Rate Filings: US Homeowners Multiperil Approved Rate Filings by Overall Effect With Increases Greater Than 50%: Based on an effective date beginning on Jan. 1, 2023, through Dec. 31, 2024.
Trending: Best’s News: Top Stories Include a Feature About Insurers and Their Defense Counsel: Other popular items include results of a survey of insurance defense attorney members of Best’s Insurance Professional Resources and a feature about secondary perils.
Trending: Best’s Research: Trending Research Features a Special Report on the Florida Property Insurance Market: Other trending research includes reports on the London market and MGAs.
Underwriting & Loss Control: Fatal Falls From Heights Highlight Risks for General Contractors: Best’s Underwriting Reports and Best’s Loss Control Reports provide insight into the risks and lines of coverage for general contractors.
Web Traffic: Web Traffic: Visits to Largest Cyber Insurers’ Sites: Liberty Mutual Insurance Cos. leads web analytics provider Semrush’s ranking of most-visited cyber insurer websites.
What AM Best Says: AM Best: Global Reinsurance Segment Revised to Positive: AM Best cited robust profit margins and, with heightened natural catastrophe loss activity, a strong demand for coverage as reasons for the upgrade, AM Best Senior Director Carlos Wong-Fupuy said in an interview.