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This publication highlights four major trends from the Willis Towers Watson Q2 InsurTech briefing.
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For the year, the index is up 16.5 percent.
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AuM as measured by Trading Risk was almost flat at $103bn, up fractionally on 1 January.
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It’s clear that pricing is improving. But how widespread is the pain that’s driving it? (It’s not just AIG & Lloyd’s)
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Global reinsurers were the only sub-group to gain ground last week.
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Underwriters said rate rises of 20 percent plus were needed, with some pushing for hikes of as much as 70 percent.
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The Insurance Insider’s Market Sentiment Survey, in association with EY, found that the majority of market figures think growth will be difficult to sustain.
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They face a Herculean task but the two start-ups could break the stranglehold of MMC, Willis and AJG in the aviation market.
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London carriers and global reinsurers posted the steepest falls last week.
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The carrier points to a $16bn industry-wide Jebi loss and $12bn in Michael claims.
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Financials show recent results driven by leverage and lower quality earnings improvement.
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The index comfortably outperforms major market benchmarks.