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.
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.
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.
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.
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.
Expense Ratio Spotlight: With the help of new technology, the U.S. property/casualty industry is trimming its underwriting expense ratio.
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.
Landmark Deals: A flurry of acquisitions is raising competition among top global reinsurance intermediaries.
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.
Their Future Selves: Startups, insurtechs and investors pursue new opportunities with ready-to-go insurance shells.
|Top 20 Global Brokers - 2023 Edition|
|Market Conditions Drive Delegated Underwriting Authority Enterprise Premium Growth|
|Top 200 US Property/Casualty Writers - 2023 Edition|
|Fronting Carrier Sector Finds Growth, but Reinsurance Concerns Loom|
|Standing the Test of Time – 2023 Edition|
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