Best's Review

AM BEST'S MONTHLY INSURANCE MAGAZINE



WHAT AM BEST SAYS
AM Best: Dedicated Reinsurance Capital Growth of 2021 May Not Continue

Traditional reinsurance capacity projected to fall as third-party capital holds steady.

  • October 2022

CARIBBEAN INSURERS
AM Best: Climate, Reinsurance and Cyber Remain High in the Caribbean Risk Landscape

The Caribbean insurers rated by AM Best posted favorable earnings in 2021. See the Best's Rankings list of the largest Caribbean insurers — 2022 edition.

  • October 2022

RISK ADVISER
Cyber Coverage Hits Landmark, but Challenges Remain

Underwriters are not matching the superiority of hackers versus their clients’ cyber protection systems.

  • Lance Ewing
  • October 2022

THE LAST WORD
Where'd the Gecko Go? Auto Insurance Advertising Sees Dip

Advertising spending is down in the U.S. auto insurance industry, with three companies expressly saying they are cutting back.

  • Anthony Bellano
  • October 2022

AT LARGE
Bringing Sustainability to Cyber Insurance

The burgeoning market requires creative solutions.

  • Tony Kuczinski
  • October 2022

L/H MUTUAL INSURERS
US Mutuals Find Stability Key Amid Turbulence Following a Good 2021

Penn Mutual Life Insurance Co. led its mutual peers in growth of 2021 admitted assets. See the Best’s Rankings list of the Top 25 US Life/Health Mutual Insurers – 2022 Edition.

  • Terrence Dopp
  • September 2022

P/C MUTUAL INSURERS
Expansion Spurs Growth for US P/C Mutuals Moving Up the Charts

Three property/casualty mutual insurers identify the keys to their increases in business. See the Best’s Rankings list of the Top 25 US Property/Casualty Mutual Insurers – 2022 Edition.

  • Anthony Bellano
  • September 2022

ASSET MANAGEMENT
Private Placements Likely to Remain in US Insurers’ Portfolios Despite Rising Rates

Direct lending outside the publicly traded realm of corporate bonds found greater favor amid low interest rates. Don’t look for that to change overnight as the Federal Reserve enacts inflation-fighting increases. Lack of trading opportunities, diversification and investment patterns may make it a crawl rather than a rush for the door.

  • Terrence Dopp
  • September 2022

LIFE INSURANCE
Total Life Issued Down in 2021; Ordinary Life Climbs in Mixed Year

Looking back, 2021 was a year in which COVID-19 mortality was up, then down, then up again. Life insurers brought in some new customers. And it was a year in which market volatility and inflation started to rear their heads for the first time in recent memory. See links below to the Best’s Rankings lists of the Top 25 US Life/Health Insurers – 2022 Edition.

  • Terrence Dopp
  • September 2022

THE LAST WORD
From Baritone to Boardroom: MetLife Executive’s Overture Was on the Opera Stage

Before he was the executive vice president and chief marketing officer at MetLife, Michael Roberts enjoyed a brief opera career.

  • Anthony Bellano
  • September 2022

RISK ADVISER
It’s Time for Life Insurers to Go on Offense After COVID-19

The pandemic showed consumers the importance of life insurance, creating an opportunity for insurers to make a play to close the coverage gap and bring financial protection to more people.

  • Derek Kueker
  • September 2022

REGULATORY/LAW
Lead Paint Litigation Raises Coverage Questions for Policyholders

A recent California decision tackles one issue: Is a public nuisance claim based on the willful acts of the insured’s predecessor barred from coverage?

  • Rob Tugander
  • September 2022

AT LARGE
The Curious Case of Hypermature Markets

Insurers in these markets must accept competition.

  • Bill Pieroni
  • September 2022

FROM THE EDITOR’S DESK
Mutual Snapshot: Select Life, P/C Insurers Post Double-Digit Growth

The September issue includes rankings of the largest life and P/C mutuals, a ranking of the top U.S. private flood insurers, top global reinsurers and leading U.S. life/health writers. Asset management is also a focus.

  • Patricia Vowinkel
  • September 2022

BEST'S RANKINGS
Top 25 US Life/Health Mutual Insurers — 2022 Edition

Insurers were ranked by 2021 admitted assets.

  • September 2022

BEST'S RANKINGS
Top 25 US Property/Casualty Mutual Insurers — 2022 Edition

Insurers were ranked by 2021 net premiums written.

  • September 2022

BEST'S RANKINGS
Top 50 Global Reinsurers — 2022 Edition

The reinsurers were ranked by unaffiliated gross premiums written in 2021.

Editor's Note: The Best's Ranking "Top 50 Global Reinsurers -- 2022 Edition" was incorrect. The correct information appears in the ranking below.

 

  • September 2022

WHAT AM BEST SAYS
AM Best: Premiums Surge for US Crop Insurers

For crop year 2021, the multi-peril crop insurance program covered more than 444 million acres, with an estimated value of more than $150 billion. See the Best’s Rankings list of US Multi-Peril Crop – Top 20 Carriers – 2022 Edition.

  • September 2022

BEST'S RANKINGS
US Multi-Peril Crop — Top 20 Carriers — 2022 Edition

Carriers were ranked by 2021 multi-peril crop direct premiums written.

  • September 2022

NATIONAL FLOOD INSURANCE PROGRAM
Republican Senators Offer One-Year NFIP Extension Bill

The Biden administration earlier this year gave Congress 17 proposals to reform the NFIP, including measures to end NFIP coverage to properties that repeatedly flood and prohibit new construction in flood-prone areas. See the Best’s Rankings list of Top 25 Writers – US Private Flood – 2022 Edition.

  • Timothy Darragh
  • September 2022

BEST'S RANKINGS
Top 25 Writers — US Private Flood — 2022 Edition

Writers were ranked by 2021 direct premiums written.

  • September 2022

BEST'S RANKINGS
US Life/Health — 2021 Ordinary Life Average Policy Size and Lapse Ratios — 2022 Edition

Insurers were ranked by 2021 ordinary life business issued.

  • September 2022

BEST'S RANKINGS
US Life/Health — Group Life Issued — 2022 Edition

Insurers were ranked by 2021 group life business issued.

  • September 2022

BEST'S RANKINGS
US Life/Health — Group Life In Force — 2022 Edition

Insurers were ranked by 2021 group life business in force.

  • September 2022

BEST'S RANKINGS
US Life/Health — Total Life Issued — 2022 Edition

Insurers were ranked by 2021 total life business issued.

  • September 2022

BEST'S RANKINGS
US Life/Health — Total Life In Force — 2022 Edition

Insurers were ranked by 2021 total life business in force.

  • September 2022

BEST'S RANKINGS
US Life/Health — Ordinary Life Issued — 2022 Edition

Insurers were ranked by 2021 ordinary life business issued.

  • September 2022

BEST'S RANKINGS
US Life/Health — Ordinary Life In Force — 2022 Edition

Insurers were ranked by 2021 ordinary life business in force.

  • September 2022

BEST'S RANKINGS
US Life/Health — Term Life Issued — 2022 Edition

Insurers were ranked by 2021 term life business issued.

  • September 2022

BEST'S RANKINGS
US Life/Health — Term Life In Force — 2022 Edition

Insurers were ranked by 2021 term life business in force.

  • September 2022

BOOK STORE
Author: Pandemic Has Changed How Agents and Brokers Sell

Rain Group’s Andy Springer said buyers prefer the digital landscape because they can control that environment.

  • Lori Chordas
  • September 2022

APP STORE
App Helps Empower Households to Manage Insurance, Risk

Marble provides a platform for people to earn rewards for protecting their property.

  • Tom Davis
  • September 2022

UNDERWRITING & LOSS CONTROL
Tennis, Anyone? How Insurance Can Be a Major Player in the Game

Best’s Underwriting Reports and Best’s Loss Control Reports provide insight into the lines of coverage, exposures and loss control for tennis clubs.

  • Anthony Bellano
  • September 2022

EXECUTIVE CHANGES
Convex Group Promotes Deputy Chief Executive Officer to Group CEO

Allianz Holdings and Hiscox each welcomes a new COO and former Prudential plc CEO comes out of retirement to join Athora.

  • September 2022

CORPORATE CHANGES
Mergers, Acquisition, State Action and Name, Ownership and Domiciliary Changes

American Physicians Assurance Corp., Michigan Complete Health and Access Home Insurance are among the life/health and property/casualty insurers that have experienced a corporate change.

  • September 2022

INDUSTRY UPDATES
Irish Central Bank Launches Consultation on Climate Risk for Insurers

According to the bank’s 2021 survey, only 20% of insurers and reinsurers fully integrated climate-change risk in their risk management framework.

  • Timothy Darragh
  • September 2022

INDUSTRY UPDATES
California Regulator Puts Auto Insurance Rate Approvals on Hold

Auto insurers warn consumers will be left without coverage.

  • Renée Kiriluk-Hill
  • September 2022

IN THE NEWS
Life Insurers Ramp Up Plans to Address ‘Social Infrastructure’

Companies involved in the program will start by focusing on affordable and workforce housing.

  • Timothy Darragh
  • September 2022

IN THE NEWS
Regulatory Update

South Carolina court issues business interruption ruling and New Jersey governor signs new auto insurance legislation.

  • September 2022

TRENDING: BEST’S RESEARCH
Trending Research Includes Reports on Mortality Risk, the US Cyber Market and Florida Property Insurers

Other trending research covers reports on hedge funds, Japan’s life market and embedded insurance.

  • September 2022

AM BEST TV & AUDIO
LIMRA: Fraud, Financial Crimes on the Rise in Life Insurance, Annuity, Retirement Sectors

Also, industry professionals discuss ESG and natural catastrophe recovery, global resilience and wildfire risk.

  • September 2022

AM BEST WEBINARS
Panel to Discuss the State of the Surplus Lines Sector

Professionals also examine the captive insurance market as well as explore emerging cyberrisks and telematics.

  • September 2022

WEB TRAFFIC
Visits to Top Life/Health US Mutual Insurance Writers' Sites

State Farm Life Group leads web analytics provider Semrush's ranking of life/health mutual insurers.

  • September 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.

  • September 2022

Digital Edition

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