Cyber premiums fell by 1.5 percent in Q3 and D&O premiums dropped by 1.9 percent, according to the latest quarterly survey from the Council of Insurance Agents & Brokers (CIAB), while overall P&C premium increases roughly held steady from Q2 at 5.1 percent.

A widening coverage gap between emerging and mature markets and hesitancy towards expanding into new risks has stagnated the relevance of personal lines industry, even as rate increases led to growth in 2023, according to McKinsey & Co’s global insurance report for 2025.

Cyber insurance growth may be slowing but plenty of opportunity remains for the specialist sector, with SMEs showing potential for market expansion according to Swiss Re.

Latin American insurance growth will decelerate next year as global risks rise, Swiss Re Institute has said in a new report, with property and casualty (P&C) premium growth forecast to slow to 3.3 percent in 2025.

The US commercial auto insurance sector reported a net loss of $5bn in 2023, with further declines in performance seen in the first half of 2024 compared to the same period the previous year, according to a new report by AM Best.

Transportation insurance rates continue to rise with the fleet market facing a “perfect storm of challenges”, according to wholesaler Risk Placement Services (RPS), which also noted it is “really difficult” to get reinsurance support for new truck programs.

Underwriting remains disciplined despite a buyer’s insurance market being seen globally, Aon has suggested in its new Global Insurance Market Insights report that also highlights challenges including rising claims costs impacting natural catastrophe exposed property risks, auto placements and US exposed casualty risks.

The North American insurance composite compiled by investment banks Stonybrook Capital and Weild & Co dropped 2.6 percent last week, but global brokers rose led by Aon’s gains after a Q3 earnings beat, as did coastal insurers, as investors appeared relieved about feedback on hurricane losses.

UK home insurers remained in the red in 2023, only marginally improving on record losses in 2022, with the market segment predicted to remain trading unprofitability this year and into next, according to new data from EY.

The cyber insurance market could withstand a “plausible yet remote” malware event, according to the calculations of three cyber realistic disaster scenario models by Beazley, Munich Re and Gallagher Re.

More than half of the Lloyd’s market by premium share (51.2 percent) is yet to publicly adopt underwriting restrictions for new coal projects, with activist group Reclaim Finance calling on all managing agents to adopt guidelines on new fossil fuel infrastructure by 1 January 2025.

The commercial insurance composite rate increase was 3.8 percent in Q3 2024, a slowing sequentially from 4.4 percent in the second quarter of this year, according to MarketScout, which expects an impact on rates from Hurricanes Helene and Milton in Q4.

Ransomware and business email compromise remain the two leading causes of cyber claims, according to NetDiligence’s annual cyber claims study, which also noted “some interesting contrasts” for small to medium-sized enterprises (SMEs) across various industries.

Personal auto results are projected to continue improving into 2025, potentially achieving break-even or better combined ratios, while commercial lines may face modest pressure if pricing doesn’t keep pace with loss costs, according to a new report from Fitch Ratings.

Surplus lines market direct premiums written (DPW) grew 17.4 percent in 2023 to end the year at $115bn while its underwriting gain increasing to $2.1bn demonstrating profitable growth, according to AM Best.