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Ετικέτα: AM Best

  • Insurers Brace For Rising Risks of Drones

    A.M. Best TV episode insurers are saying surging demand for drones is adding a host of new liability and property exposures.
    The U.S. Department of Transportation estimates that drones will out-number pilot planes in 20 years. With commercial enterprises falling under Federal Aviation Administration regulations, it is estimated that 40% of commercial business will be using drones in five years; as a result, insurers are preparing to offer commercial coverage.

    A.M. Best Assistant Vice President Henry Witmer addresses some of the liability issues involved with the use of drones. “The liability exposure far outweighs any physical damage exposure to the drones. A.M. Best has noted that on the liability side, there are two main areas of liability exposure: operating the drones and securing the data the drones will possess.”

    Additionally, Witmer spoke about the multiple levels of risk involved in using drones. “Risk management is critical, since there could be risks to the general populations, as well as, risks to a large gathering of people, as in the case of a concert. Insurers are going to have identify what the risks are, determine what the potential costs are involved in operating drones from a liability perspective and determine what potential lawsuits may arise from their usage.” 

    OLDWICK, N.J.–(BUSINESS WIRE)

  • Νέος κύκλος εξαγορών και συγχωνεύσεων στον κλάδο ασφαλειών

    Νέος κύκλος εξαγορών και συγχωνεύσεων ξεκινά στο κλάδο ασφαλειών, καθώς στόχος των μεγάλων ασφαλιστικών εταιρειών είναι να βρεθούν στο επίκεντρο του ενδιαφέροντος των κεφαλαιαγορών, σύμφωνα με την AM Best.

    Πρόσφατα παραδείγματα εξαγορών και συγχωνεύσεων αποτελούν οι : XL Catlin και Tokio Marine – HCC Insurance Holdings.

    Ανάμεσα στους βασικούς στόχους των ασφαλιστικών είναι τα βελτιωμένα αποτελέσματα στο underwriting και η συγκέντρωση του κινδύνου.

    Εν όψει τους Solvency II και ενσωμάτωσης των προδιαγραφών της οδηγίας, αρκετές ελληνικές ασφαλιστικές θα χρειαστεί να μπουν στην διαδικασία ή στην μεταφορά χαρτοφυλακίων.

    Οσον αφορά τις ελληνικές ασφαλιστικές, λόγω των συνθηκών που επικρατούν στην Ελλάδα έχουν προβλήματα ρευστότητας, αλλά και μεγάλη πτώση των δραστηριοτήτων τους λόγω των capital controls. Εν όψει έλλειψης ρευστότητας, έρχεται και η αύξηση του συντελεστή του ΦΠΑ δυσχεραίνοντας τις συνθήκες.

  • Active M&A Market for Canadian P/C Insurers Expected to Continue

    While Canada’s property/casualty industry produced favorable results in 2014 that were somewhat volatile, ongoing performance pressures in the market are evident. These pressures, along with the need for scale and long-term strategic positioning, continue to drive consolidation in Canada’s property/casualty sector, according to A.M. Best.

    A new Best’s Special Report, titled “Active M&A Market for Canadian P/C Insurers Expected to Continue,” notes that market consolidation has been a hallmark for this market over the past several years. Gaining access to additional distribution channels has also driven insurers and brokers alike to strategically align resources. In 2014, Canada’s top 10 P/C writers, as ranked by A.M. Best, generated 66.2% of the market’s direct premium, compared with 56% in 2007.

    Canada’s P/C industry continues to post solid, if unspectacular, results with the industry’s capital base expanding annually due to consistent underwriting profitability. While 2014 got off to a rough weather start, there were far fewer weather-related catastrophes for P/C insurers to manage. As a result of the improved property performance, the overall combined ratio was several points better than break even at approximately 97.5%, an improvement of approximately 1.6 points from the prior year.
    Yet given the overall market dynamics, ongoing weather volatility, competitive market pressures and low interest rate environment, additional consolidation within the Canadian P/C market remains highly likely, showing no signs of slowing.

    OLDWICK, N.J.–(BUSINESS WIRE)