The Guy Carpenter World ROL Index declined by 10 percent on average at the July 1, 2008 renewal. This compares to a 6 percent drop in property-catastrophe ROL for the same period in 2007. To download this chart, right-click on the image, and select "Save Picture As". If you have any trouble, please e-mail us. ... Continue Reading »
Chart Room
Chart: Personal Accident Catastrophe Pricing Regression
Within the Personal Accident (PA) catastrophe space, the preponderance of cover included full nuclear, biological, and chemical (NBC) terror protection, particularly for insurers with U.S. exposures. NBC prices have declined, especially at lower layers, while XNBC prices are virtually unchanged – effectively reducing the surcharge for complete coverage. To download this chart, r ... Continue Reading »
Chart: Equity Value Trends, How Insurers Fare
Capital markets are still trying to find solid ground. Equity values are depressed both generally and for the (re)insurance industry specifically. The FTSE 100 and S&P 500 indices are down approximately 15 percent year-over-year (measured from 2007H1 to 2008H1). The Dow Jones Euro STOXX 50’s decline of 25 percent is more precipitous, but it is not as severe as the 34 p ... Continue Reading »
Chart: Global Carrier Earnings, 1H07 to 1H08
A study of several prominent risk-bearers suggests that investment gains are down profoundly across the (re)insurance industry significant. Investment gains for this group reached an aggregate USD98 million for the first half of 2007. For the same period in 2008, though, the group showed an aggregate investment loss of USD566.2 million, and the majority has been realized. Net ... Continue Reading »
Chart: Property & Casualty Renewals at July 1, 2008
Quotes and firm order terms (FOTs) were down relative to July 1, 2007 renewals. Both lower and higher layers sustained double-digit declines. FOTs for the former were down 15 percent to 20 percent year-over-year, while lower layers were off 10 percent to 15 percent. To download this chart, right-click on the image, and select "Save Picture As". If you have any trouble, please ... Continue Reading »
Chart: Florida – Risk-adjusted Pricing
The Floriday Hurricane Catastrophe Fund (FHCF) continues to play an important role in most companies’ overall reinsurance programs, and price decreases have been more dramatic for higher layers attaching above the FHCF. This results largely from reinsurers’ preference for more remote exposures. Firm order terms (FOTs) for lower layers (sitting below the FHCF) dropped 7 percent t ... Continue Reading »
