Ratings agency Moody’s has changed its outlook for the global property and casualty (P&C) insurance sector to stable from negative for 2025. The stable outlook is driven by factors such as improved personal lines pricing adequacy, commercial lines pricing remaining supportive of healthy results, and the fact investment income is expected to remain strong. Analysts […]
Archives for December 2024
Saudi Re signs reinsurance contract for Surety Bonds Program with Walaa
Saudi Re has announced the signing of a reinsurance contract with Walaa Cooperative Insurance Company for the Surety Insurance Bonds Coinsurance Program. This program provides financial guarantees to ensure contractors meet their obligations on construction projects developed by the Public Investment Fund’s (PIF) Development Companies. The contract spans 12 Gregorian months, starting from 01/07/1446H, and […]
Can You Still Enjoy the Benefits of Health Insurance Despite Not Having a Job?
Whether you are self-employed, unemployed, or if the company you are involved/working in is not providing you with a relevant health insurance plan, you don’t really need to be concerned about it. The Health Insurance Marketplace founded under the Affordable Care Act still remains among the most viable options one can have when it comes […]
Reinsurers’ desire to grow created opportunities for buyers at Jan 1 renewals, says Aon
Ahead of the release of its Reinsurance Market Dynamics January 2025 Renewal report next week, re/insurance broking group Aon has noted the greater flexibility exhibited by reinsurers at the January 1st, 2025, renewals, following consecutive years of strong results in the hard market environment. According to Aon, the report will reveal that available capacity expanded […]
Discover 12 of the Most Important Health Insurance Bag of Words Before You Pick a Plan
We all know the health insurance industry is full of jargon and fancy terminology. It’s so hard to find out what you’re looking for when browsing their website, right? The impression of many people on these websites dedicated to this niche is that their contents are so convoluted with the terms they use. In order […]
Amwins 2025 Outlook: Cyber insurance pricing set to decline by 5% as competition intensifies
Amwins, a distributor of specialty insurance solutions, has published its 2025 Outlook: State of the Market Report, providing valuable insights into the shifting dynamics of the cyber insurance landscape. The cyber insurance market is facing increasing competition and shifting risk profiles, as highlighted in Amwins’ report. Pricing trends show a notable change, with renewal business […]
PICC P&C announces continuation of reinsurance agreement with PICC Re
China’s PICC Property and Casualty Company (PICC P&C) has entered into a new Reinsurance Framework Agreement with PICC Reinsurance, under which the two parties will cede insurance premiums to each other in exchange for commissions. This agreement, effective from January 1, 2025, to December 31, 2025, aims to continue their existing business cooperation. The transactions […]
Redline launches new General Aviation insurance in collaboration with Allianz
Redline Underwriting, a Lloyd’s coverholder specialty underwriting firm, has announced the launch of its General Aviation Insurance solution, developed in collaboration with Allianz Commercial from their UK region. This new offering, designed specifically for the Latin American and Caribbean markets, will provide comprehensive coverage for private, pleasure, and business fixed and rotor wing aircraft. Catering […]
How Do We Define the High-Deductible Health Plan or HDHP?
Did you know that you could possibly receive high-quality medical care at a price reasonable enough not to break your bank? If you are seriously looking for this for some time now, then the odds are high that you’ve heard something about high-deductible health plans before. To many of us, we know this as the […]
Changes to the Obamacare plan: What Options Do We Have?
Are you covered by an Affordable Care Act health plan? Have you been through a major life change recently, such as moving, getting married, or changing jobs? Be sure to let the Health Insurance Marketplace know about these changes. Your coverage may be impacted by life changes. For instance, relocating may result in you having […]