Underwriting
U.S. P/C Industry Underwriting Loss Reaches 10-Year High: AM Best
AM Best published its annual estimate of the U.S. property/casualty insurance industry's financial results yesterday, reporting that $38 billion of underwriting losses for 2023 was a 10-year high for ...
SMB vs. Mid-Market: Commercial Property Underwriting Automation Defies One-Size-Fits-All Approach
Leading insurers have automated underwriting for small commercial lines by applying new data sources and advanced analytics, following the successful automation of personal lines. While few disclose ...
Insurance has always been about helping people and businesses navigate uncertainty. While most insurance policies cover familiar exposures like property,...
Ground Up or Top Down? Tips on Building a Data-Driven Insurer
When Matt O'Malley and Steve Stabilito, underwriting leaders from AXA XL, described a ground-up process for transforming their teams into data-driven businesses recently, Carrier Management had ...
Unappreciated Gen AI Risks: Carbon Emissions and D&O Litigation
Hallucinations, bias, privacy infringements and intellectual property violations are some of the risks of generative AI that technology and insurance professionals have surfaced over the last year. ...
Geopolitical Risks: Why Underwriters Are Watching Aggregations
Senior insurance and reinsurance leaders are increasingly concerned about the aggregation risks associated with strikes, riots and civil commotion (SRCC)—a growing threat in countries across the ...
Underwriters Predict Continued Growth of Cyber Risks in 2024
Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer's annual survey of cyber insurance carriers found ...
Saying Goodbye to 2023: When Will California’s Insurance Crisis End?
"Sorry, America, Your Insurance Has Been Canceled" The words were printed on an iconic Time magazine cover from 1986 depicting a bolt of lightning striking a distant American flag positioned at the ...
Myth vs. Reality: Is Telematics Really Making Commercial Drivers Safer?
In today's fast-paced world, the role of technology in the realm of commercial driving cannot be understated. Telematics has become a powerful tool in the quest for safer roadways. However, there's a ...