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Challenges such as climate change and civil litigation remain troubling. -
The ratings agency noted robust profit margins for reinsurers.
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Self-insurance has taken $25bn more premium out of the market than five years ago.
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The hard market has not burst the MGA bubble – and now interest is on the rise again.
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From here on out, insurers will likely have to rely on the strength of their individual stories.
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Prices for programs that renewed in both Q1 2023 and Q1 2024 decreased 15%.
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Transatlantic competition, rising valuations and price undercutting set a challenging scene.
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Retentions and coverage could be affected by future adverse claims trends.
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The Corporation is walking a tightrope between encouraging further growth whilst maintaining discipline.
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The executive said that adequate rates were encouraging insurers to grow.
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Attention is fixed on how competition will impact pricing in H2.
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Underwriters are pushing for rate rises, but competition is increasing.
