U.S. life insurers are prepared for lower interest rates, with stable earnings and capital that will remain within rating thresholds
German life insurer ratings remain unaffected by reductions in Solvency II (S2) transitional measures, despite higher bond yields, focuses on fundamental S2
In 2024, reinsurance premium rates increased, interest rates remained high, and capital markets performed well. The composite achieved its highest ROE in five years
Reinsurers are likely to push for double-digit increases in U.S. casualty premium rates during the January 2025 renewals. This move aims to address higher loss costs
Underwriters in the Directors & Officers (D&O) insurance sector in 2024 continue to benefit from significant price hikes and refined market practices adopted between 2019 and 2021
Statutory underwriting performance in the U.S. property and casualty insurance industry saw strong revenue growth, a return to underwriting profits in 2024
Venture capital funding for generative AI startups is on track to exceed 2023's record-breaking levels. In the first three quarters of 2024, GenAI startups raised over $20 bn
The cryptocurrency market is currently experiencing a challenging period for investing in risk assets. The 2024 has been as eventful as they come
INSURANCE MARKET REVIEW
U.S. commercial auto insurance has struggled to achieve underwriting profitability for years, even before the inflationary conditions that have been affecting P&C insurance
More than 50% of the 81 respondents think global reinsurers will raise prices in January reinsurance 2025 renewals, continuing recent increases driven by high claims inflation
Hurricane Milton is not likely to affect credit for rated property and casualty insurers and global reinsurers given very strong capital levels
Catastrophe bond issuance set records in three of the past four quarters, pushing the market to $45.6 bn—an 18% rise
Total annuity sales in the U.S. reached $114.6 bn in the third quarter of 2024, marking a 29% year-over-year increase. This represents the 16th straight quarter of growth
Canada’s life and annuity insurance sector’s solid performance, boosted by economic growth and favorable interest rates
Canadian life insurance market new annualized premium grew 10% to C$522 mn ($387 mn) in Q2 2024 compared to the same period last year. Policy count also increased 4%
Crypto fundraising landscape is showing signs of recovery. In the last months, we’ve been in the same cycle in terms of sentiment
Reinsurers will push for double-digit increases in U.S. casualty premium rates when policies come up for renewal in January 2025 to keep up with higher loss costs
Since the war began, global reinsurers have bundled risks from Ukraine, Russia, and Belarus, excluding them from reinsurance contracts. This has reduced available capital and hindered economic stability