AM BEST'S MONTHLY INSURANCE MAGAZINE
LIFE INSURANCE
MassMutual Prepares for the Worst Amid 2023 Warning Signs
As 2022 draws to a close, Chairman and CEO Roger Crandall seeks to build on the company’s strengths in technology and annuities as any number of issues—inflation, interest rates, the Russian invasion of Ukraine and energy volatility—weigh on his mind.
- Terrence Dopp
- December 2022
AUDITORS AND ACTUARIES
Top Audit and Actuarial Firms
The firms were ranked by loss reserves. Special Section sponsored by Johnson Lambert.
- Best’s Review staff
- December 2022
AUDITORS AND ACTUARIES
COVID-19 Mortality Trends, Interest Rates and Climate Change Seen as Key Issues for Actuaries in 2023
Nik Godon, director of insurance consulting and technology at WTW, says actuaries can expect a lot of uncertainty and volatility in 2023. Godon was one of the speakers at the Society of Actuaries’ ImpACT conference. Special Section sponsored by Johnson Lambert.
- Patricia Vowinkel
- December 2022
WHAT'S AHEAD IN 2023
Mix of Forces Set to Shape Insurance Markets in Coming Year
Inflation, recession, interest rates and more present new concerns for insurers.
- Tom Davis
- December 2022
WHAT AM BEST SAYS
AM Best: Inflation Will Impact Insurance in 2023, but Expect Moderation
Three AM Best analysts discuss expectations of a hard market, and in commercial lines, most of the premium growth will come from price increases due to the impact of social inflation and economic inflation.
- Tom Davis
- December 2022
WHAT'S AHEAD IN 2023
APCIA: Inflation Will Make the P/C Industry Pay in 2023
The American Property Casualty Insurance Association is worried that inflation exacerbated by natural disasters such as Hurricane Ian and social inflation will make the industry suffer next year.
- Tom Davis
- December 2022
ASSET MANAGEMENT
Insurers’ Balance Sheets Increasingly See Unrealized Losses in Rising Asset Management Challenge
A new consequence of rising interest rates rears its head as unrealized losses crop up. For insurance asset managers, one option might lie in taking paper losses after a decade of low rates crimped investments.
- Terrence Dopp
- December 2022
INLAND MARINE INSURANCE
Keep on Trucking: Online Shopping Helped Drive Inland Marine Premiums Over the Last Decade
The growing inland marine segment added $15.7 billion in direct written premium from 2011 through 2021, aided by the escalation in online shopping.
- Anthony Bellano
- December 2022
THE LAST WORD
Former Olympic Hockey Hopeful Takes Competitive Spirit Into the Insurance Arena
Insurers shouldn’t be afraid to fight for their insureds in court, says Prime Insurance CEO Rick Lindsey.
- Anthony Bellano
- December 2022
AT LARGE
After COVID-19, Insurance Industry Must Adapt to Emerging Risks
Expect the industry in 2023 to place a stronger focus on systemic and cascading risks, particularly those connected to catastrophic events.
- Tony Kuczinski
- December 2022
FROM THE EDITOR’S DESK
In New Year, Insurers Face Prospects of Inflation and Recession; Best’s Review Will Debut New Online Format
The December issue includes Best’s Review’s annual listing of top auditors and actuaries as well as rankings of U.S. surplus lines insurers and U.S. inland marine, U.S. ocean marine and U.S. fire and allied writers.
- Patricia Vowinkel
- December 2022
BEST'S RANKINGS
Top 25 US Surplus Lines Insurers — 2022 Edition
Insurers were ranked by 2021 direct premiums written.
- December 2022
STATE RATE FILINGS
Commercial Inland Marine Filings by Rate Impact Greater Than 10%
Commercial inland marine insurers made more than 30 filings for rate increases of greater than 10% with a disposition date from Jan. 1 to Oct. 1, 2022.
- December 2022
BEST'S RANKINGS
Top 25 US Ocean Marine Writers — 2022 Edition
Writers were ranked by 2021 direct premiums written.
- December 2022
BEST'S RANKINGS
Top 25 US Inland Marine Writers — 2022 Edition
Writers were ranked by 2021 direct premiums written.
- December 2022
BEST'S RANKINGS
Top 25 US Fire and Allied Writers — 2022 Edition
Writers were ranked by 2021 direct premiums written.
- December 2022
BEST'S RANKINGS
US Fire and Allied Lines — Top Writers by State, Canada and US Territories — 2021 — 2022 Edition
Writers were ranked by 2021 direct premiums written.
- December 2022
BOOK STORE
Harnessing Insurance and Risk Transfer Tools to Improve Resilience
Carolyn Kousky examines the complexity of risk transfer markets and how to secure a resilient future.
- Lori Chordas
- December 2022
APP STORE
J.D. Power: P/C Insurer App, Digital Investments Not Enough to Offset Rates
Carriers invested heavily to modernize the insurance experience. Is it paying off?
- Tom Davis
- December 2022
EXECUTIVE CHANGES
Zurich Insurance Group Names Successor to Retiring Farmers CEO
Marsh McLennan appoints a new president and CEO, SiriusPoint hires a new CFO and Munich Re and Allianz Trade announce changes to their boards of management.
- December 2022
UNDERWRITING & LOSS CONTROL
No Kidding: Goat Yoga Presents a Whole New World of Liabilities
Best’s Underwriting Reports and Best’s Loss Control Reports provide insights into the lines of coverage, exposures and loss control associated with yoga and its specialties, which include practicing in the presence of goats.
- Anthony Bellano
- December 2022
TRENDING: BEST'S RESEARCH
Trending Research Includes Reports on Rising Interest Rates and Private Equity
Other trending research includes a market segment outlook on U.S. personal auto and a report on the insurance-linked securities market.
- December 2022
INSURANCE PROFESSIONAL RESOURCES
Lost Evidence Figures Into Subrogation Claims
Additional coverage includes the addition of six attorneys at Tressler and the recognition of a Phelps partner by a legal industry publication.
- December 2022
AM BEST TV & AUDIO
Assessments, Best Practices Designations Help MGAs Stand Out, Zurich Exec Says
Also, professionals examine the increased use of sensor technology to mitigate risk and discuss how to stem the insurance industry’s talent shortage.
- December 2022
AM BEST WEBINARS
Panelists Discuss What’s Ahead in 2023 for the Insurance Industry, Workers’ Comp Market
Professionals also examine how insurers can use modern product management to weather economic downturns.
- December 2022
WEB TRAFFIC
Visits to US Inland Marine Writers
Progressive leads web analytics provider Semrush's ranking of the top 10 U.S. Inland Marine Writers based on 2021 direct premiums written.
- December 2022
PREFERRED PUBLISHER PROGRAM
In Other News ...
A roundup of news from publishers around the globe. Access to some sites may require registration or subscription.
- December 2022
Most Read
Best’s Calendar
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