Underwriting
Blackstone Eyes Insurance With Expansion Into Portfolio Risk Analytics
Blackstone Group LP has bigger plans for insurance companies than just managing their money. The world's largest private equity firm is expanding into a lucrative business dominated by BlackRock ...
Cold Weather, Winter Storms Created Feb/March Damage and Turmoil: Aon Benfield
Severe cold weather and a winter storm that affected large parts of Europe during the second half of February and early March caused business interruption and other damages surpassing hundreds of ...
For carriers and MGAs, cloud-hosted insurance platforms can reduce IT overhead, strengthen business continuity, improve security, and make scaling claims...
U.S. Consumers Sue Kobe Steel, Toyota Over Vehicle Metal Quality
U.S. consumers have filed a lawsuit against Kobe Steel Ltd and Toyota Motor Corp accusing the companies of violating consumer protection laws and engaging in fraud by concealing the use of ...
The Arctic Just Finished Its Warmest Winter Ever
Winter at the top of the world wimped out this year. The Arctic just finished its warmest winter on record. And sea ice hit record lows for this time of year, with plenty of open water where ocean ...
In a Post-Brexit World, UK Financial Services Face These Potential Scenarios
A stand-off between Britain and the European Union over the future of London's vast financial services industry is shaping up as one of the key Brexit battlegrounds of this year. The EU said on ...
ICW Group Expands Workers Comp Underwriting Operations Into 5 New States
ICW Group Insurance Companies plans to start writing workers compensation in five new states: Iowa, Kentucky, Maryland, Minnesota and Missouri. ICW, a group of property/casualty carriers based in San ...
Underwriting Decisions Not Made by Machines for Large, Mid-Market Risks, Says Zurich NA CUO
New data sources, predictive analytics and automated processes can all help human underwriters in evaluating and pricing, but machines don't make underwriting decisions for large and middle-market ...
Zurich NA CUO: Trust-Based Human Relationships Still Central to Great Underwriting
Zurich North America has been investing in predictive analytics since 2006, but a dozen years later, the organization's chief underwriting officer stresses the idea that the human element in ...