Posts Tagged ‘personal accident’



June 20th, 2013

Specialty Insurance Program Market Poised for Growth Opportunities in 2013

Posted at 5:04 AM ET

Guy Carpenter & Company today released the findings of its eighth annual Specialty Insurance Program Issuing Carrier Survey. The survey, which analyzes trends and benchmarks movement in the Program Administrator and Managing General Agency (PA/MGA) market, reveals that the PA/MGA market continues to thrive and is well-positioned for growth in the year ahead.

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August 9th, 2012

Chart: Guy Carpenter Personal Accident Catastrophe Composite ROL Index

Posted at 1:00 AM ET

july1_cat-comp-rol-indexgccap

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July 27th, 2011

Focus on Hurricane Season at July 1, 2011 Reinsurance Renewal: Life and Accident & Health

Posted at 1:00 AM ET

Medical

Medical insurance reform remains the strongest driver is this space, with insurers still grappling with concerns around unlimited lifetime maximums and minimum loss ratios. Reinsurers have responded by offering unlimited lifetime excess of loss coverages that have proved popular with some insurers. Pricing for these very high layers, such as unlimited excess of USD10 million per person, is capacity and market-based, as the layers are so far out-of-the money that there is no credible experience. Further, in the short term, many insurers will maintain annual maximums where possible, which will limit observable experience at the highest amounts. Claims and rate-making for the very high reinsurance coverages will be interesting to watch over the next couple of years as the different elements in the healthcare delivery value chain adapt to the new incentives in health care reform.

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May 2nd, 2011

Tohoku Quake and Tsunami…An Industry Meets the Challenge - Economic Impact

Posted at 1:00 AM ET

flandro_david1David Flandro, Global Head of Business Intelligence
Contact

Now that we are more than a month on from the Great Tohoku Earthquake, the (re)insurance industry can take advantage of hindsight to understand the implications of this tragedy and take steps to improve capital management for the future, in order to better protect cedents and original insureds. Of course, the situation remains fluid. New information continues to become available, and that will have a salient impact on the actions that (re)insurers take as a result of the catastrophe. Yet, there is some early information that carriers can use to manage their capital.

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February 8th, 2011

Chart: Life, Accident & Health Lines - Typical Excess of Loss Rate Changes

Posted at 1:00 AM ET

fig-29

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January 31st, 2011

2011 Reinsurance Renewal Rates: Global Life Accident & Health

Posted at 1:00 AM ET

141x141jan1thumb45Global Reinsurance rates for global life, accident and health (LA&H) cover fell 5 percent year over year for loss-free programs. The US, London and broad international market followed this pattern, while China was flat at the January 1, 2011 reinsurance renewal. Per risk rates were flat from last year to this year.

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January 28th, 2011

2011 Reinsurance Renewal Rates: Personal Accident in the United States

Posted at 1:00 AM ET

141x141jan1thumb41Personal accident programs in the United States sustained modest decreases year over year at the January 1, 2011 reinsurance renewal. International treaties, however, saw considerable fluctuation in subject risk due to currency exchange rates, but rate on line tended to be stable, only being pressured on real changes in the underlying exposure.

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July 8th, 2010

Reinsurance Renewal July 1, 2010: Capital Cushion Continues to Impact Pricing: Part V, Life, Accident & Health

Posted at 1:00 AM ET
rains_david_141pxDavid Rains, FSA, MAAA, Managing Director and Head of Life, Accident & Health Specialty
Contact

Medical

The passage of health reform in the United States has put medical insurers in the challenging position of trying to understand how to manage unlimited lifetime claim maximums. In the short term, annual caps on payments are still allowed, easing the transition, but this change creates increased risk for insurers as volatility is increased and rate-making is necessarily based on assumptions rather than experience. We are seeing increased demand for high attachment medical excess reinsurance with high limits - many clients are looking for unlimited cover to match their required offering. This may create an excellent opportunity for reinsurers willing to step up to the challenge. Many are offering limits from USD10 million to USD20 million attaching at excess of USD5 million. A few reinsurers have come forward with unlimited coverage. Pricing is varying widely between carriers but should begin to converge for the very high attachments.

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July 22nd, 2009

Mixed Bag

Posted at 1:01 AM ET

David Rains, FSA, MAAA, Managing Director and Head of the Life, Accident and Health Specialty Practice and Dean Kidd, Managing Director
Contact

There’s no single answer to the question of capital availability in the global life, accident, and health (LA&H) market. Reinsurers are responding to the returns possible for specific risks, which is driving their capital allocation decisions. Meanwhile, cedents are uniformly focused on managing the cost to transfer risk. As these factors converge on reinsurance rates — along with concerns about investment asset performance, geography, and the underwriting profitability of other lines of business — the result is a price stalemate caused by competing pressures of comparable strength. Without an unexpected market development, the norm is likely to persist.

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