Latest Market Headlines

All the headlines from our Market Topic Page, ordered by recency.

It’s Time for the Commercial Property Insurance Industry to Adopt Tech Efficiencies

Feb 19 2024 // Buyers of commercial property insurance are facing many challenges. Rates are rising, capacity is becoming scarce (particularly in catastrophe exposed zones), and large programs, often involving dozens of insurers, are...

Hard Market Prices Continue

Feb 5 2024 // While not news to independent agents, commercial lines renewal rates rose again in the fourth quarter of 2023 — another sign that the hard market is here to stay — at least through 2024.According to the Ivans...

Another View: Yes, P/C Industry Underwriting Profit Will Be Back in ’24

Feb 5 2024 // Not all analysts think an underwriting profit is out of reach for 2024.While a recent forecast from Fitch Ratings puts the 2024 combined ratio above 100, a report by Swiss Re Institute projects both 2024 and 2025 to have a...

What’s to Come in 2024: Hard Market, AI Expansion, More Catastrophes, Network Consolidation

Feb 5 2024 // No one can predict the future, but insurance professionals are likely the best qualified when it comes to predicting risk. For this special report, Insurance Journal asked industry thought leaders their predictions for the...

3 Areas for Agents to Focus Growth Efforts in 2024 As the Hard Market Continues

Feb 5 2024 // We are obviously in one of the most intense hard markets of the last several decades. While much has been said and written about how to navigate the challenges the market is creating for agents, I’d like to take a...

The Growing Influence of LinkedIn on the Insurance Industry

Feb 5 2024 // The insurance industry thrives on making meaningful connections with potential clients and partners.Among social media platforms, LinkedIn stands out as a powerful tool for B2B insurance marketing and networking —...

Reinsurance Market Likely to Begin Softening in 2025 as Capacity Rises in 2024: Fitch

Jan 25 2024 // Reinsurers’ underwriting margins are expected to peak in 2024 on the significant price rises and tighter terms and conditions achieved during 2023 and in the January 2024 renewals, which will likely lead to softer...

Another View: Yes, P/C Industry Underwriting Profit Will Be Back in ’24

Jan 19 2024 // Not all analysts think an underwriting profit is out of reach for 2024.While a recent forecast from Fitch Ratings puts the 2024 combined ratio above 100, an improvement from 2023, a report by Swiss Re Institute projects...

10 Things that May (or May Not) Happen with the Insurance Industry in 2024

Jan 18 2024 // This post is part of a series sponsored by AgentSync.It wouldn’t be December without a new crop of industry prophecies for the coming year, now would it? While we appreciate the effort that each company, analyst, and...

Prepare for the Soft Market: Why You Need to Set Performance Metrics Now

Jan 11 2024 // Executive Summary: Companies need to enact long-term performance measurement and strategies for underwriting discipline across the underwriting cycle because evidence suggests underwriters will not impose it themselves,...

Insurance Industry Charitable Foundation Names Markel’s Wendy Houser Chair of the IICF International Board of Governors

Jan 10 2024 // NEW YORK (January 9, 2024) –The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, today announces that Wendy Houser, Chief Wholesale Officer...

Viewpoint: Cyber Insurance Market Themes to Look Out for in 2024

Jan 9 2024 // After my (relatively) successful effort in looking at 2023 cyber insurance themes, like a gambler on a streak of beginner’s luck, I wanted to have another roll of the dice in offering my thoughts on cyber insurance...

Navigating the Hard Market: 4 Strategies for Brokers to Contend with Constraints in Gulf Coast States Property Insurance

Jan 8 2024 // This post is part of a series sponsored by IAT Insurance Group. U.S. coastal areas, particularly Gulf Coast states like Florida, Louisiana and Texas, have been hit hard in the past decade by climate change-related natural...

Turkey Earthquake Tops 2023 Insurance Industry Losses Outside US: CRESTA

Jan 2 2024 // The largest non-US natural catastrophe in 2023 was the Kahramanmaras Earthquake Sequence in Turkey on Feb. 6, which generated an industry loss of US$5.8 billion, the largest ever cat loss for the Turkish insurance market,...

Dyad Brand Launches to the P/C Insurance Market

Jan 2 2024 // Dyad, Inc., formerly XDimensional Technologies and I-Engineering, a provider of insurance software and services backed by Serent Capital, has launched today following XDimensional Technologies’ acquisition of...

Litigation Abuse, Regulation, Hard Market Among Insurance Trades’ Priorities for 2024

Dec 27 2023 // Insurance trade organizations are always working for the industry so Insurance Journal asked them: What are the top priorities and/or challenges heading into 2024?Here are the responses we received: In the coming year, the...

From Litigation to Capital, Florida Insurance Market Improving, Panelists Say

Dec 18 2023 // The Florida property and casualty insurance market is not out of the woods but it is showing signs of progress, from litigation trends to capital investments in the state, according to almost two dozen people who spoke at...

US P/C Industry Turns in $32.2B Underwriting Loss After 9 Months

Dec 8 2023 // U.S. property/casualty underwriting results deteriorated during the first nine months of 2023 to a loss of $32.2 billion.The result, highlighted in short financial review from AM Best, is $7.6 billion worse than the same...

Insurance Industry Charitable Foundation Raises Record $1.43 Million for Regional Nonprofits at 17th Annual Northeast Benefit Event

Dec 8 2023 // Liberty Mutual Honored with Double I Award for Philanthropic Influence and ImpactNEW YORK (November 30, 2023) –The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping...

Reinsurance Market Outlook ‘Stable’ on Improved Rates, Higher Demand: AM Best

Nov 30 2023 // Substantial rate improvements, higher attachment points and rising investment income are combining with increased demand for reinsurance cover to create a stable outlook for the global reinsurance sector, according to AM...