This Just In ... Cyber Insurance Market Shifts Power to Buyers
After years of volatility, the cyber insurance market is showing signs of relief for policyholders. Marsh and Insurance Business report that premiums are declining and competition among carriers is increasing. Buyers are seeing more options and flexibility in coverage, though underwriting discipline remains strict. Insurers continue to scrutinize security practices and risk controls, but the overall environment is more favorable than it has been in recent years.
Takeaway: With rates easing, businesses have an opportunity to explore enhancements to their cyber coverage while conditions remain competitive.
Reinsurance Renewals Bring Relief The January 2025 reinsurance renewals delivered encouraging news for the broader insurance marketplace. Increased capacity and moderating rates have eased pressure on insurers, stabilizing downstream pricing for commercial property coverage. After several years of constrained reinsurance markets, this shift gives carriers more flexibility to write property risks and manage catastrophe exposures. National Implications While some of the largest verdicts have occurred in traditionally litigious jurisdictions, insurers are applying lessons nationwide. Underwriters are recalibrating their models to account for the possibility of outsized losses in any venue. As a result, liability insurance buyers across the U.S. are seeing changes in pricing, terms, and expectations.
Buyer Takeaway The message from Chubb’s 2025 benchmark report is clear: escalating jury awards and higher liability limits are reshaping the liability insurance market. Businesses should reassess the adequacy of their coverage in light of rising verdicts and settlements. Ensuring that liability limits align with today’s risk environment is essential to maintaining financial protection in an era of increasingly costly claims
Takeaway: Buyers benefit indirectly from these changes, as insurers are better positioned to offer stable terms and broaden their appetite for property accounts
This Just In ... Cyber Insurance Market Shifts Power to Buyers
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Regional Catastrophes,National Lessons
Regulatory Priorities for 2025:
Resilience, Solvency, and Innovation
Liability Limits and Large Loss Trends
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