Reinsurance News
Insurance and reinsurance pricing news
News on pricing in global insurance and reinsurance markets, with a particular focus on renewal rates on line in reinsurance and commercial insurance pricing trends.
Aon forecasts an increase in reinsurance pricing competition in 2025
5th September 2024
Reinsurance renewals in 2024 have seen pricing gradually decrease, partly driven by an increase in alternative capital to $110 billion, combined with rate reductions being granted by reinsurers for the best performing risks. In its Reinsurance Renewal Season 2024 report, broker Aon is forecasting an increase in pricing competition in 2025, ... Read the full article
Earnix partners with Hexaware to help refine insurer’s pricing strategies
5th September 2024
Hexaware, an IT services and solutions provider, looks to accelerate insurance pricing transformation with its recent Earnix partnership, a global provider of AI-based SaaS pricing and rating solutions for financial services. The partnership aims to improve underwriting, efficiency, reduce losses, better comply with the regulations, and ensure competitive advantage through effective ... Read the full article
Reinsurers to maintain healthy pricing and tight T&Cs for another year: Moody’s
4th September 2024
According to Moody's, most respondents to its annual survey of global property & casualty reinsurance buyers expect prices to remain stable or increase in 2025, suggesting that reinsurers will maintain healthy pricing and tight terms and conditions in most business lines for another year. Around 61% of respondents to Moody's 2024 ... Read the full article
Higher prices and tighter policy terms drives positive reinsurance sector outlook: Moody’s
3rd September 2024
A combination of higher prices and tighter policy terms, supported by favourable risk/return dynamics and healthy investment income, are among the key drivers supporting the global reinsurance industry, as Moody's outlook for the sector has been revised to positive. In a new Moody's report, analysts highlighted that property reinsurers have raised ... Read the full article
Ceded reinsurance, an ever smaller proportion of total premium over the last five years: Howden Re
22nd August 2024
According to Howden Re's re/insurer earnings overview report for the first half of 2024, the period witnessed moderating rate increases in the primary market, whilst also experiencing a greater proportion of property & casualty (P&C) premiums coming through reinsurers. But, according to David Flandro, Head of Industry Analysis and Strategic Advisory, ... Read the full article
Poll suggests a lack of innovation in the insurance industry’s pricing technology
21st August 2024
A recent roll from Reinsurance News shows that there are a number of barriers that are disrupting innovation within the insurance industry's pricing technology. Hundreds of people from across the insurance and reinsurance sector responded to the poll. Nearly half of the respondents (48%) named dependence on legacy systems, slow adoption of ... Read the full article
Reinsurers see strong profits in 2023 amid market reset & hard pricing: AM Best
14th August 2024
According to a new AM Best report, a strategic market reset by global reinsurers in 2023 has led to robust technical profits and a shift in industry dynamics. AM Best’s Market Segment Report, Strong Technical Profits Bolster Momentum for Global Reinsurers, observed that this reset included a "much-needed" shift away from high-frequency ... Read the full article
Limited reinsurance supply and high nat cats is affecting insurance pricing: Berenberg
24th July 2024
The high costs of natural catastrophes from secondary perils in H1 2024 highlights the burden has shifted from reinsurers to primary insurers, but despite this, losses are still expected to be within each insurer’s budget, according to Berenberg. In the second quarter of 2024, insurers Allianz, AXA, Generali, Talanx and Zurich ... Read the full article
Verisk unveils ISO Experience Index to better inform pricing decisions
10th July 2024
Verisk, the global data analytics and technology provider, has launched ISO Experience Index, a tool which is designed to modernise how actuaries in the insurance industry analyze risk patterns. According to the announcement, the tool will address the increasing volatility and scale of loss patterns seen across the industry. It's important to ... Read the full article
Guy Carpenter’s US ROL Index up by 1.2% in 2024 amid decreased pricing at mid-year renewals
8th July 2024
Reinsurance broker Guy Carpenter's U.S. Property Catastrophe Rate-On-Line (ROL) Index is now up by just 1.2% in 2024, reflecting a deceleration of rate increases at the mid-year renewals following the highs of last year. While still up by 1.2% after the July renewals, the generally flat to slightly down rate environment ... Read the full article
US commercial insurance prices up 6.3% in Q1’24: WTW
10th June 2024
For the first quarter of 2024, U.S. commercial insurance price rises of 6.3% were in line with the post-pandemic trend, with quarterly price increases of approximately 6% having remained steady, according to re/insurance broker WTW's latest Commercial Lines Insurance Pricing Survey (CLIPS). The overall increase of 6.3% for the first quarter ... Read the full article
Risk-adjusted property-cat ROL 5% lower on average, indicating shifting market dynamics: Howden Re
30th May 2024
Moderated risk-adjusted property-catastrophe reinsurance pricing reflects shifting market dynamics at the June 1st reinsurance renewals, broker Howden Re has stated. According to Howden Re, risk-adjusted property-catastrophe reinsurance rates-on-line (ROL) were on average 5% lower at the June 1 2024 renewals, within a typical range of -7.5% to -2.5%. According to analysts, the ... Read the full article
Attractive pricing levels, positive sentiment for property cat reinsurance into 2025: Jefferies
29th May 2024
There is a positive sentiment for property-catastrophe reinsurance heading into 2025, with pricing at very attractive levels, a factor that should continue to benefit UK specialty re/insurers, analysts at Jefferies concluded following recent meetings with global insurers, reinsurers and ILS managers in Bermuda. “Property-catastrophe market remains attractive. Our overarching takeaway from ... Read the full article
Additional capital returns are looking more likely in 2025: J.P. Morgan
29th May 2024
Prices are expected to start reducing in the medium term, which likely points towards reaching the end of a positive earnings upgrade cycle with the market entering a face where capital returns will possibly emerge, according to analysts. J.P. Morgan has recently looked into whether Lloyd’s insurers perform better when markets ... Read the full article
Price rises in motor insurance to decelerate as claims inflation eases: Swiss Re
22nd May 2024
Motor insurance rate increases are anticipated to decelerate soon, driven mainly by disinflation, improved underwriting performance, and increased competition, this in turn should lower the cost of car insurance for consumers, according to the Swiss Re Institute. With increases in personal motor premium rates are near their peak, and experts expect ... Read the full article
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