Visit Best’s News and Best’s Research for the Latest Insurance Industry News and Research from AM Best
Best's News & Research Service publishes hundreds of news articles and a selection of research each month, including Best's Rankings, Best’s Special Reports, Market Segment Reports and more.
Developments at news.ambest.com include the use of captives is growing in an insurance market that sees hardening pricing and an increasing complexity of risk, according to industry experts; Allstate Corp.’s $1.04 billion net loss applicable to common shareholders in the second quarter came a year after the company recorded a $1.6 billion net income; and inflation, tightening financial conditions, global economic slowdown, capital outflows and increasing probability of recession are pressuring emerging-market economies that are already stressed by the pandemic and the fallout from the Russian invasion of Ukraine, said Ann Modica, associate director, AM Best, and more.
Best's Rankings, with data, can be found at news.ambest.com/research.
Other research reports, with data, are just a click away at news.ambest.com/research including:
• Best’s Special Report: U.S. Life Insurers’ Mortgage Holdings Back at Historical Levels, Problem Loans Spike in Pandemic; U.S. Inland Marine Insurance Segment Rebounding From Pandemic Obstacles; Second Year of COVID-19 Drives Health Insurers’ Earnings Down, but Impact Differs by Segment
• Market Segment Reports: AM Best Maintains Stable Outlook on Malaysia’s Non-Life Insurance Segment; Two Years After Beirut Blast, Operating Environment Remains Gruelling for Lebanese Insurers
The use of captives is growing in an insurance market that sees hardening pricing and an increasing complexity of risk, according to industry experts.
Allstate Corp. incurred $1.48 billion of auto physical damage loss development during the first half of the year, exceeding expectations as repair shop bottlenecks increased the tail on claims, according to Chief Financial Officer Mario Rizzo.
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Pru Financial CEO: Interest Rate Hikes to Bring Long-Term Gains After $565M Second-Quarter Net Loss
Prudential Financial Inc. Chairman and Chief Executive Officer Charles Lowrey said though the company reported a $565 million net loss in the second quarter, the company stands to gain as markets stabilize following U.S. interest rate hikes.
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Best’s Market Segment Report: AM Best Maintains Stable Outlook on Malaysia’s Non-Life Insurance Segment
AM Best is maintaining a stable market segment outlook on the Malaysian non-life insurance industry due to its underwriting discipline and the market’s recovery following the economic fallout from COVID-19.
Best's Market Segment Report: Two Years After Beirut Blast, Operating Environment Remains Gruelling for Lebanese Insurers
The Beirut port explosion, which occurred two years ago and has been described as one of the largest non-nuclear explosions recorded, ultimately caused estimated physical damage and insured losses of USD 4 billion and USD 1 billion, respectively. A new AM Best report discusses how the explosion, along with other factors, has intensified operational complexities in Lebanon’s insurance market.
Best’s Rankings: US Private Flood Industry’s Direct Premiums Written Increase 42.9%
The U.S. private flood insurance industry’s direct premiums written increased 42.9%, according to a new Best’s Ranking report, which ranks the insurers by 2021 direct premiums written.
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