Content from L.S. Howard
XL Catlin CEO McGavick: Some P/C Industry Products Now ‘Shop-Worn’
The insurance/reinsurance industry needs to innovate and become more efficient. It is facing more risk, but premiums are declining. Some of its products have become shop-worn and less relevant. ...
“Danger Phase” May Be Next for P/C Industry Loss Reserves
Property/casualty insurers and reinsurers have released redundant liability reserves into their earnings for the past eight years as a result of favorable loss development. This practice has worked ...
Has the Reinsurance Cycle Reached Bottom? Opinions Vary at the Rendez-Vous
It may be wishful thinking – but some major reinsurers are hoping the bottom of the reinsurance cycle is at hand. Both Swiss Re and Hannover Re told journalists at this year's reinsurance ...
Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports
The business outlook for the London insurance market is a familiar one across other global markets: Underwriting profits are under pressure as ongoing soft market prices begin to take a toll. In ...
Good RM Is Just Good Business, Says Steel, Former CRO of AXIS Capital
Companies originally created the role of the chief risk officer because they "recognized that good risk management is really good business," according to Michael Steel, former CRO at AXIS Capital. ...
Sciemus’ Move Into Specialty Underwriting: A Case of ‘Adapt and Thrive’
It was a case of adapt and thrive when modeling and analytics company Sciemus made a big strategic leap this year into underwriting space, power, mining, renewable energy and cyber—as a managing ...
JLT Re: Buyers Should Put Resilient Reinsurance Cycle to Good Use
Despite proclamations by some observers that the reinsurance cycle is dead, JLT Re says, reports of its demise are greatly exaggerated – and now is the time for buyers to use the cycle, and ...
Insurers Will Gain by Innovating for the Internet of Things
The steady advance of the internet of things (IoT) presents a huge number of opportunities for insurers – as well as threats, according to a digest published by Efma*. The rise in connected homes, ...