Underwriting
Cyber Insurers Now Requiring Security Steps Along With Higher Premium
Insurers are continuing to take a hard line on underwriting and pricing cyber coverage. While commercial lines prices overall rose 8.9% in the third quarter, cyber premiums increased 27.6%, according ...
Underwriting Management: The Core System You’ve Been Missing
When we say "core systems" in our industry, we are typically referring to the critical software applications that are core to an insurer's business operations, mainly the policy, claims and billing ...
A Special Time for Specialty Markets
The specialty insurance marketplace always has been a vast laboratory for nascent products. It once was a tiny market. Those days are over. Today, with tens of billions in premiums in the U.S. ...
Artful Mosaic Creates Global Agility for Specialty Startup
Mosaic Insurance, the Bermuda-headquartered startup and Lloyd's specialty insurer, operates with a unique structural twist. Its hybrid model has the flexibility of a managing general agent (MGA), the ...
Underwriting Insights: The Benefits of Man Plus Machine in a Digital World
Long before the pandemic, many insurance providers sought ways to use technology to meet the demand for faster turnaround times for quotes and renewals. In response to the restricted travel and ...
More Entry Points, More Risk: The Tech Industry’s Underwriting Challenge
The challenges faced by underwriters have grown immensely in recent years. For underwriters working specifically within the technology sector on errors and omissions (Tech E&O) coverage, the ...
P/C Carriers’ Increased Reliance on Reinsurance Means Premium Hikes are Coming
American International Group Inc. and other insurers avoided steep losses from a spate of extreme weather this year thanks in part to the reinsurance industry. But increased reliance on those ...
State Farm, Generali Join $53M VC Round for Nexar, an AI Computer Vision Startup
State Farm and Generali joied the $53 million financing round for Nexar, an AI computer vision startup based in New York. The technology startup provides crowd-sourced visual data that is ...