All harsh market articles
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Analysis
Cyber rate rises of 300% ‘not uncommon’ - Miller
Despite ‘no material change in exposure’, insurers are upping premiums by 100% on average and reducing capacity
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Analysis
Global commercial insurance rates up 9% in Q2
This is the 19th consecutive quarter of increases with cyber insurance pricing continuing to rise significantly
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Analysis
Lack of affordable cover a ‘significant barrier’ to SME growth
The cost of insurance should not be excluded from the cost of doing business debate, says FSB director
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Analysis
Insurers must deploy capital ‘confidently’ to tackle cyber crunch
Demand for cyber insurance has increased - but so has the price
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Analysis
Beazley to prioritise firms with robust ESG scores
Companies must meet an appropriate threshold score under Marsh’s ESG Risk Rating (ERR) framework
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Analysis
UK cyber rates increased by more than 30% in Q1 – Aon
Underwriting cyber risks remains ‘time consuming and demanding’, according to the broker
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Analysis
US D&O market posts best results since 2014
Rate hikes exceeding 10% per quarter fuelled direct premium growth of 35% to $14.6 billion
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Analysis
Commercial rates rise for the 18th consecutive quarter
Hard market is beginning to moderate but inflationary pressure could impact pricing going forward - Marsh
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Analysis
Airmic publishes 2022 Harsh Market Report
Rates and capacity continue to disappoint buyers - particularly for cyber - but there are some ‘green shoots’
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Analysis
Ferma: Captives must be deemed “low risk” under Solvency II
A more proportionate approach to regulating captives is needed, particularly in the hard market, says risk association
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Analysis
Cyber captives to take off in 2022
As the cyber market continues to harden, buyers will seek alternative risk transfer solutions, predicts New Dawn Risk
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Analysis
StrategicRISK Q4 2021: The great reset
Risk management is not just about avoiding losses. It is about saying ‘yes’ when it counts
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Analysis
D&Os fear ‘COVID effect’ as responsibilities rise
Nearly a third worry decisions made during the pandemic could come back to haunt them - QBE
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Analysis
Airmic 2021: The harsh market with a focus on cyber
Airmic announces the release of its latest Pulse Survey on insurance market conditions, this time with a focus on cyber risk insurance from a buyer’s perspective.
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Analysis
Airmic 2021: Harsh market starts to ease
There are some green shoots of recovery beginning to show in the commercial insurance market. This is according to Airmic CEO Julia Graham, speaking at the Airmic 2021 press conference.
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Analysis
GVNW: Public-private backstop is vital
Chairman Alexander Mahnke is frustrated a backstop for extreme events, such as pandemics, cyber and natural catastrophes, has not yet emerged
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Analysis
D&O market ready to “move on” from COVID
A softening of the pricing curve is being observed, but the outlook remains uncertain for UK D&Os - Gallagher
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Opinion
Navigating the hard market
Can you show insurers that you’re up-to-speed with how your operations are responding to new market pressures?
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Analysis
Hard market: “Start renewals early”
Risk managers should start their renewal process early and manage their expectations as the hard market plays out, advises FM Global