Opinion

The pendulum that swung towards a focus on growth for the past few years is now swinging towards profitability and increased partnership.

At a point when cyber rates are falling and capacity is plentiful in high excess layers, the mutual plans have the wider cyber market somewhat perplexed.

At least one carrier struck a note of caution during Q3 earnings about the ongoing rapid growth story in surplus lines.

The 3x3 plan takes the things about the firm over the last decade that have been distinctive and intensifies them.

Will this year be a repeat of a shift from “growth at all costs” to “flight to quality”, or will we see the InsurTech space bounce back in the direction of 2021 optimism?

A number of players suggested that the cost components of first-party claims were up between 30%-50% on that seen during Ransomware Wave One.

Inside P&C has independently confirmed that the bank is working on a full sale of its insurance operation amid a challenging banking environment.

Broker consolidation, angst about loss trends in long-tail lines and the confidence of the E&S market were key themes in Colorado Springs.

Now that the tides have turned from a “growth-only” to a “profitability first” mindset, companies are letting go of the additional hires and focusing on insurance fundamentals and insurance expertise.

Performance overall has been good, but there have been insurance M&A missteps and its share price has lagged.

Reinsurers seem unwilling to concede on ground won, but insurers continue to feel the pain in an elevated cat environment.

It is more dependent on property, and its longevity is uncertain.