AM BEST'S MONTHLY INSURANCE MAGAZINE
Monthly Issues Supplements Best's Guide Best's Calendar
Best’s Review: Monthly Issues
December 2023
Insurers Scan the Horizon: Industry leaders and experts examine the topics likely to shape the year ahead.
In This Issue
Insurers Look Ahead to 2024 and Key Issues: Catastrophes, Inflation, Layoffs, AI and More
Industry Panel: Pandemic Could Leave Excess Mortality Levels High for Some Time
Greater Health Screenings Could Save Life Insurers Money and Improve Mortality, Group Says
Issues & Answers: Excess & Surplus Lines
Annuities Newcomer Aspida Life Reaping the Benefits of a Fruitful Market
AM Best: Growth in Insurers’ Private Equity Investments Slowed Significantly in 2022
Xceedance: What the AI Revolution Means for the Insurance Industry
Reinventing Insurance Podcast Looks to Reimagine Industry’s Operating Model
Appeals Court Holds Coverage Melts Away in Ice Cream Maker’s Liability Case
Underwriting AI: Is It Aligned With Insurance Industry’s Best Interests?
Top 25 US Ocean Marine Writers – 2023 Edition
Top 25 US Inland Marine Writers – 2023 Edition
Top 25 US Fire and Allied Writers – 2023 Edition
US Fire and Allied Lines – Top Writers by State, Canada, and US Territories – 2023 Edition
Top 25 US Products Liability (Occurrence) Writers – 2023 Edition
Top 25 US Products Liability (Claims-Made) Writers – 2023 Edition
Top 25 US Products Liability (Total) Writers – 2023 Edition
Top 25 US Commercial Multiperil (Non-Liability) Writers – 2023 Edition
November 2023
The AI Revolution: Artificial Intelligence is changing the way insurers do business, but it's also presenting new challenges that could impact the industry's performance as well as its workforce.
In This Issue
Making the Move From Generalist to Specialist
What the AI Revolution Means for Insurers, Insureds and the Insurance Workforce
Prospecting for the Next Great Risk Opportunity
How AI Is Remaking Insurance Organizations
With Specialization Comes Responsibility
How AI Is Remaking the Insurance Workforce
What the AI Revolution Means for Insurance Prospects, Policyholders and Regulators
Severe Weather in Coastal States Presents Big Challenges in Hardening Homeowners Market
Issues & Answers: Workers’ Compensation • Florida Market
Insurance Leaders: Time to Better Protect, Shore Up Coastal Homeowners’ Properties
Sprouting From Chaos: Opportunity Brings New Insurers to Florida
AM Best: Florida Specialists Cede a Growing Amount of Premium to Reinsurers
Emerging Craft Brewing Industry Presents Unique Range of Risks
A Virtual Reality: Life Insurtechs Look Beyond Online-Only Sales for Growth
Insurers Submit Florida Homeowners Multiperil Filings in First Nine Months of 2022
An Insurance Podcast That’s Awkward in Name Only
In Search of an Underwriting Profit
Putting a New Face on Reality: Deepfakes Raise Novel Challenges for Insurers
SOA Panel: Insurers Should Revisit Risk Mitigation After Spring’s Bank Failures
Mutual Miris to Provide Cyber Cover for European Members
Pie CEO Says $315 Million Fundraise Advances Expansion to Full-Stack Carrier
M&A Motivations: Strategies for Success, Value Creation and Diversification
Midsize Businesses Face Full-Size Risks
Top Workers’ Comp Ranks See Movement Upon Emerging From COVID Unemployment Spike
US Homeowners Multiperil – Top Writers by State, Canada and US Territories – 2023 Edition
Rising Interest Rates Sure to Bring Shifts to In-Force Life and Annuity Products
The Principles of Claims Transformation
Top 25 US Homeowners Multiperil – 2023 Edition
Top 25 US Workers’ Compensation Writers – 2023 Edition
Authors: Machine Learning, AI Offer New Opportunities in Risk Management
US Life/Health – Pre-Tax Investment Total Returns – 2023 Edition
App Uses Technology to Help Remove Barriers in Purchasing Insurance
Top 25 Life/Health Insurers’ Investment Returns – 2023 Edition
Top 25 US Property/Casualty – 2022 Asset Distribution – 2023 Edition
October 2023
What’s Driving the Rise in Auto Costs: The U.S. private passenger auto sector had an underwriting loss of more than $30 billion in 2022, according to AM Best. One culprit: growing repair costs.
In This Issue
Automakers Build New Insurance Future
What’s Driving the Rise in Auto Costs
When It Comes to Insuring Electric Vehicles, It’s All About the Battery
At a Glance — Auto Insurance Initiatives
For Tesla, Telematics Provides a Battery of Information for Insurance
RGA President: Life Reinsurance Growth Strengthens in Asia, Europe
Swiss Re: Technology Will Eliminate Traditional Underwriting Factors
Issues & Answers: Data • Asset Management
Parametric Insurance Helps Restore Dwindling Coral Reefs
Whittling Down: In 2023, Cuna Mutual Group Prepares to Rebrand and Focus on Middle Market
‘Insurance Guys’ Driven To Help Other Agents—Without Boring Them
AM Best: Reinsurers Face Potential for Complex Losses
AM Best: Long-Term Care Claims Trending Up Since Pandemic
Panel: Captive Insurers Cautiously Venture Into Cyber Coverage
Michigan Director of Captives Sees Future in Cannabis, Auto, Life Sectors
AM Best: Climate, Reinsurance and Cyber Remain High in the Caribbean Risk Landscape
Insurers: Know, Learn and Share the Business Judgment Rule
AM Best: Dedicated Reinsurance Capital Growth of 2021 May Not Continue
Georgia Commissioner Blasts Allstate’s 25% Auto Rate Hike
Data Is the Missing Piece in Insurance Wellness Programs
Where’d the Gecko Go? Auto Insurance Advertising Sees Dip
Top 25 US Commercial Auto Writers – 2023 Edition
Top 25 US Auto Liability Writers – 2023 Edition
Bringing Sustainability to Cyber Insurance
Cyber Coverage Hits Landmark, but Challenges Remain
Top 25 US Private Passenger Auto Writers – 2023 Edition
Top 25 US Total Auto Writers – 2023 Edition
Author: Technology Helps Insurers Conduct Insurance Commerce
US Total All Auto Lines – Top Writers by State, Canada and US Territories – 2023
App Helps Insurers Boost Claims Processing
US Auto Liability – Top Writers by State, Canada and US Territories – 2023 Edition
Top 25 US Commercial Auto Writers — 2022 Edition
US Auto Physical Damage – Top Writers by State, Canada and US Territories – 2023 Edition
Top 25 US Auto Liability Writers — 2022 Edition
US Private Passenger Auto – Top Writers by State, Canada and US Territories – 2023 Edition
US Commercial Auto – Top Writers by State, Canada and US Territories – 2023 Edition
September 2023
Slow and Steady: While some of the top U.S. property/casualty mutuals hit rough seas in 2022, the sector continues to steer toward long-term financial stability.
In This Issue
The Mutual Mindset: Slow and Steady
US Mutuals Find Stability Key Amid Turbulence Following a Good 2021
Life Mutuals Are Driving Efforts To Expand Middle Market Coverage
Expansion Spurs Growth for US P/C Mutuals Moving Up the Charts
Top 25 US Property/Casualty Mutual Writers – 2023 Edition
Republican Senators Offer One-Year NFIP Extension Bill
Private Placements Likely to Remain in US Insurers’ Portfolios Despite Rising Rates
Top 25 US Life/Health Mutual Companies – 2023 Edition
Total Life Issued Down in 2021; Ordinary Life Climbs in Mixed Year
Issues & Answers: Insurtech • Surplus Lines
Hedge Fund Investing Continues To Fall Out of Favor With Insurers
Top 25 Writers — US Private Flood — 2022 Edition
Foreign Insurers Race To Fill Gaps, Find Opportunity in Emerging Asia
Top 25 US Life/Health Mutual Insurers — 2022 Edition
Wall Street Journal Reporter’s Insurance Coverage Has Lasting Impact on Industry
Top 25 US Property/Casualty Mutual Insurers — 2022 Edition
How Emotional Reactions to Major Events Can Help Propel Decisions, Life Insurance Sales
US Life/Health — 2021 Ordinary Life Average Policy Size and Lapse Ratios — 2022 Edition
US Life/Health — Group Life Issued — 2022 Edition
US Life/Health — Group Life In Force — 2022 Edition
Artificial Intelligence Is the Personal Assistant We Didn’t Know We Needed
US Life/Health — Total Life Issued — 2022 Edition
Court Definition of ‘Hostile’ Could Have Widespread Implications for War Exclusions
US Rating Units – Largest Hedge Fund Investors – 2023 Edition
US Life/Health — Total Life In Force — 2022 Edition
US Life/Health – 2022 Ordinary Life Average Policy Size and Lapse Ratios – 2023 Edition
US Life/Health — Ordinary Life Issued — 2022 Edition
US Life/Health – Group Life Issued – 2023 Edition
US Life/Health — Ordinary Life In Force — 2022 Edition
US Life/Health – Group Life In Force – 2023 Edition
US Life/Health — Term Life Issued — 2022 Edition
US Life/Health — Term Life In Force — 2022 Edition
US Life/Health – Total Life Issued – 2023 Edition
US Life/Health – Term Life Issued – 2023 Edition
Top 50 Global Reinsurers — 2022 Edition
US Life/Health – Ordinary Life Issued – 2023 Edition
August 2023
Fronting Carriers Push Forward: AM Best-rated U.S. carriers posted a 43% increase in direct premiums written in 2022. But reinsurers are increasingly selective about what business they will write and with whom they will partner.
In This Issue
30 Years After Hurricane Andrew, Bermuda Reinsurers, Florida ‘Joined at the Hip’
Fronting Carrier Sector Finds Growth, but Reinsurance Concerns Loom
Quest To Become Influencers Leads to Long-Running Insurtech Podcast
FIU Extreme Events Director: Prototype Facility Will Test Forces of a ‘Category 6’ Hurricane
Life Insurers Leverage Higher Rates To Drive Annuity Growth
Protected Cell Structures Fuel Captive Insurance Growth
Issues & Answers: Captive Services & Domiciles • Data • Reinsurance
AM Best Retains Negative Outlook on Peru’s Insurance Industry
Slower Growth, Rising Rates To Further Complicate Debt Management for Latin America Insurers
AM Best: With Cyberattacks Becoming More Complex, US Cyber Market to Remain Hard
How Litigation Funding Is Affecting Settlement Strategies, Costs
NCOIL, Regulators, Captive Industry Urge IRS To Back Off on Proposed Rule
Largest Latin America Insurers — 2022 Edition
Iowa Governor Signs Captive Insurance Bill
US Cyber Insurance — Top 20 Insurers — 2022 Edition
US Property/Casualty — 2021 Direct Premiums Written by Line — 2022 Edition
Space Invader: If a Meteorite Strikes, Insurance Can Help
Cyber Price Increases Moderating as Profitability Returns to the Sector
US Commercial Multi Peril — 2021 Direct Premiums Written — 2022 Edition
US Homeowners Multiple Peril — 2021 Direct Premiums Written — 2022 Edition
Tale of the Ticker Tape: What Global Equity Markets Can Tell Us About Our Industry
US Medical Professional Liability — 2021 Direct Premiums Written — 2022 Edition
3 Ways To Deal With Talent Shortage Head-On
US Total Auto — 2021 Direct Premiums Written — 2022 Edition
Largest Annuity Insurers – 2023 Edition
US Workers’ Compensation — 2021 Direct Premiums Written — 2022 Edition
AM Best-Rated US Fronting Companies – 2023 Edition
Largest Latin America Insurers – 2023 Edition
The Insurance Industry Makes the World Safer and More Resilient
US Property/Casualty – 2022 Direct Premiums Written by Line - 2023 Edition
Rising Costs, Supply Chain Issues Impact Business Income Coverage
US Commercial Multiperil – 2022 Direct Premiums Written – 2023 Edition
US Homeowners Multiperil – 2022 Direct Premiums Written – 2023 Edition
US Medical Professional Liability (Total) – 2022 Direct Premiums Written – 2023 Edition
US Medical Professional Liability (Claims-Made) – 2022 Direct Premiums Written – 2023 Edition
July 2023
Standing the Test of Time: In the 2023 edition, 167 insurers maintained a Best's Financial Strength Rating of A or higher for at least 50 years, including 22 for at least 100 years.
In This Issue
Standing the Test of Time – 2023 Edition
Top Global Insurance Brokers — 2022 Edition
Top Global Insurance Brokers – 2023 Edition
Standing the Test of Time — 2022 Edition
Insurers Working To Narrow $12 Trillion Gap in US Life Insurance Coverage
Top 200 U.S. Property/Casualty Writers — 2022 Edition
Issues & Answers: Specialty Coverage • Inflation
Top 200 U.S. Life/Health Insurers — 2022 Edition
Top 200 US Property/Casualty Writers - 2023 Edition
Top 75 U.S. and Canada Public Insurers — 2022 Edition
World’s Largest Insurance Companies — 2022 Edition
Top 200 US Life/Health Insurers - 2023 Edition
Top 75 US and Canada Public Insurers - 2023 Edition
Top 25 U.S. Holding Companies — 2022 Edition
World’s Largest Insurance Companies - 2023 Edition
An Investment Thesis, Revealed: ‘No-Code’ for Insurance
Top 25 US Holding Companies - 2023 Edition
Life Reinsurers Find Hope Even as COVID-19 Lingers, Mortality Rates Shift
Expert Panel: Critical Issues in Insurance Asset Management
AM Best: US Medical Professional Liability Faces Headwinds as Outlook Is Negative
The Deep Understanding of Value in the US Market
AM Best’s Briefing: D&O Liability Market Softens Amid Rising Competition, Capital Supply
For Drivers, Even the Cutest Pet Passengers Could Create Potentially Deadly Distractions
Guns and Insurance: Not a Good Mix
The PFAS Investment Opportunity
Cover of July Issue Features AM Best Publications To Illustrate ‘Standing the Test of Time’
Gallagher Re Chief Executive Retires; Company Names CEO of UK Operations
Web Traffic: Visits to Top Global Insurance Brokers Sites
Fires, Hacking Are Just 2 Hazards at Electric Vehicle Charging Stations
Medical Malpractice Approved Rate Filings by Overall Effect With Increases Greater Than 30%
Paving the Way: Chronicles of Black Entrepreneurs Who Transformed the Insurance Industry
June 2023
Critical Issues in Insurance Asset Management: Insurance and investment experts discuss where insurers are directing their investments, how interest rates and volatility are affecting decisions and what role alternative investments play.
In This Issue
Critical Issues in Insurance Asset Management
Insurance Asset Management in the Age of Rate Volatility
Reimagining Alternative Investments
Issues & Answers: Asset Management
‘It’s All Flammable’: Nonproperty Cat Bonds Provide ILS Investors With Options
Disability Benefits Show Signs of Moderating as Short-Term COVID-19 Claims Volume Eases
Sweet World of Chocolate-Making Fraught With Risks and Hazards
Why Every Company Needs an Enterprise Staffing Strategy
Wild Horses Help Rein In Catastrophic Fires
Proposed Telemedicine App Would Locate Cheapest Meds Based on Insurance Coverage
Industry Meetings and Conferences Fill Calendar for Summer, Fall 2023
Clyde & Co. Partner: Social Inflation Is Spreading to Europe
Largest European Insurers – 2023 Edition
Top 50 US Disability Writers – 2023 Edition
The Heads and Tails of Climate Change
Inflation, Interest Rates Raise Concerns for Insurance Asset Management
R&Q Insurance Holdings Names Nonexecutive Chairman, Successor to Retiring Group CEO
Web Traffic: Visits to Largest European Insurers
AM Best Briefing: ILS Investors Seek Outlets Amid Hard Market
May 2023
Expense Ratio Spotlight: With the help of new technology, the U.S. property/casualty industry is trimming its underwriting expense ratio.
In This Issue
Insurers Find Ways to Decrease the Underwriting Expense Ratio
AM Best: Underwriting Expenses Now Stable
Insurers on the Front Lines of War for Talent
Counterpart’s CEO: ChatGPT, AI Leverage Repetition to Analyze Risk
Eversheds Sutherland’s Partner: Insurers and MGAs Should Prepare in Case They Part Ways
What Excess and Surplus Lines Can Tell Us About Captive Insurance
Marine Mutual Clubs See Improved Rates and Volume in Annual Renewals
AM Best: Hot Cyber Market Is Cooling
AM Best: Innovation Efforts Differ Among Insurance Companies
In the Superhero Universe, the Fight for World Domination Could Come With a Monster Price Tag
AM Best: US Life/Health Insurance Companies Impaired by Business Failure, Weak Operations
The Transformation Horizon: Tech Priorities for 2040
Life/Health Insurers’ Future? Promoting Well-Being
Members of the International Group of P&I Clubs – 2023 Edition
A Closer Look at Insurance Expense Efficiency
Web Traffic: Visits to Top P&I Club Sites
Two Years After Deadly Condo Collapse, What To Consider in a Landlord Policy
April 2023
Climate Risk & Reward: Regulators at the state, federal and global levels are pushing insurers to disclose more about climate risk. Insurers, meanwhile, see climate-related coverage as a multibillion-dollar opportunity.
In This Issue
Rising Tide in Climate Risk Regulation Presents New Challenges for Insurers
A Hot Market: Insurers Launch Climate-Related Businesses as Green Tech Grows
Attorneys, Analysts: Norfolk Southern Likely Facing Years of Claims Over Ohio Derailment
Crypto, DeFi Insurance Targets Digital Assets, Technology
Georgia State Department of Risk Management & Insurance To Get New Name After $15 Million Gift
AM Best: US Life/Annuity Insurers Well Positioned for 2023 Challenges
AM Best: Economy, Infrastructure Build-Out Likely to Steer Surety Market
AM Best: Maturing Asia-Pacific Insurance Markets Offer Diversity and Growth Potential
Largest Asia-Pacific Insurers – 2023 Edition
Getting the Right Golf Insurance Coverage Isn’t Always Par for the Course
Climate-Related Risks Emerge as a Key Focus for Insurers and Regulators
Newly Appointed Chief Executive Officer To Join Scor May 1
Web Traffic: Visits to Top Asia-Pacific Insurers’ Sites
AM Best: Changes in Crypto Market Are Mirrored in Ransomware Activity
Hibachi Restaurants Can Get Burned if Not Properly Insured
Successful Insurance Selling Depends on Training, Commitment and Connection
AM Best: Updated App Adds Insurance News and Research, More Information on Rated Companies
Cyber Feature and Ranking of Top US Cyber Insurers Lead List of Best’s Review Articles
Trending Research Includes a Report on Changing Dynamics for D&O Insurers
March 2023
Landmark Deals: A flurry of acquisitions is raising competition among top global reinsurance intermediaries.
In This Issue
Landmark Deals Change Landscape for Global Reinsurance Brokers
Gallagher CEO: Brokers Are Needed the Most in Difficult Reinsurance Markets
AM Best Briefing Participants Say Reinsurance Market Remains Unsettled Following Jan. 1 Renewals
Issues & Answers: Excess and Surplus Lines
Post-Pandemic Commercial Real Estate Investments Shift
Death Benefits Reach Record Levels in Pandemic Times
Kuczinski: Insurers Can’t Handle Climate Change, Catastrophic Risk by Themselves
Near Space Labs CEO: Stratospheric Imaging Robots Help Assess Property, Respond to Disasters
AM Best: Uncertain Markets a Challenge for Structured Securities
Bank of England Governor Warns of Repeat Insurer Collapse as Regulations Ease
Traditional Insurance for a Nontraditional Industry
Aligning With Business Goals Paves the Way for Marketing Success
Predictability and Potential: Knowledge Framework for the Future
Asset Allocation Expected To Be More Important Than Ever
Inflation’s Impact on Property Insurance-to-Value
Cybercrime Coverage Has Its Limits
The Makeup of the Global Reinsurance Broker Sector Continues to Evolve
AIG Names Interim Chief Financial Officer, Global Chief Actuary After Leadership Shake-Up
February 2023
Cyber Dilemma: Cyberattack victims face tough questions about insurance coverage and whether to comply with criminal actors' ransom demands. Meanwhile, the federal government weighs the merits of a cyber backstop.
In This Issue
Cyber Dilemma: Insurers Face Evolving Ransomware Demands as Attacks Escalate
Industry Sees Need for Federal Cyber Backstop, but What Model Is Best?
Cyber Insurers, Brokers: Evolving Ransomware Calls for Vigilance
Ohio Supreme Court Rules Owners Insurance Won’t Have to Cover Losses in Ransomware Attack
Evaluating Risk in the Evolving Cyber Market/A Day at the Breach
Annuities Sales Grew Sharply in 2022; Strong Year in 2023 Possible
World’s Largest Insurers — 2023 Edition: US Health Insurers Top List Based on Net Premiums Written
Special Purpose Acquisition Companies Complicate the D&O Market
AM Best’s Briefing: Workers’ Comp Market Strong, but Inflation Could Be a Concern
Internal Branding Plays an Important Role in Successful Marketing
Skyward Specialty Launches IPO
Digitalization, Informational Scale Create Integrated Interactions That Add Value
Ransomware Raises Difficult Questions
Axis Capital Holdings Names Successor as President-CEO Benchimol Announces Retirement
Florida Insurance Reforms: Long-Term Relief on Horizon; Near Term Headwinds Remain
Growing Power-Washing Market Comes With Risks
Best’s Rankings: Cyber Rate Filings by Overall Effect Greater Than 40%
Author: CEOs Must Connect Traditional Capacities, New Capabilities
Workers’ Comp Coaching App Responds to Injured Employees in Holistic Ways
January 2023
Their Future Selves: Startups, insurtechs and investors pursue new opportunities with ready-to-go insurance shells.
In This Issue
A Shell of Their Future Selves: How Insurer Acquisitions Spur Faster Growth
Lincoln Financial Sees Lapse Rates Plummet for Over-75s
In Memoriam: Insurance Industry Leaders of 2022
New Year Brings New Look to Industry Leadership
Best’s Rankings: Florida Leads Nation in Homeowners Premium
Insurance Industry Events Swing Back Into Action
AM Best: Opportunities Arise for MENA Reinsurers, Amid Divergent Economic Conditions
India’s Regulator Unveils ‘Insurance for All’ Reforms
Best's Rankings: Florida Homeowners Writers, Selected Financial Indicators – 2023 Edition
Best's Rankings: Largest MENA Insurers – 2023 Edition
Best's Rankings: Largest India Insurers – 2023 Edition
California Private Passenger Filings by Rate Impact Greater Than 1%
Informational Scale and Scope: The Key to High Performance
Workers’ Comp Fraud Costly for Industry
Two Words Play a Key Role in Opioid Litigation
AM Best: Numerous Pressures Create Tough Terrain for Personal Auto Insurers
Maple Syrup Producers Concerned About Impacts of Climate Change
Dog’s Best Friend: More Humans Protecting Pets Through Health Insurance
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