Underwriting
“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 ...
Allstate CEO Sees Transport Advances Leading to Unrivaled Chance for Wealth Creation
Allstate Corp., the largest publicly traded U.S. home and auto insurer, said the country's transportation network is highly inefficient, with vehicles sitting idle for most of the day, and that the ...
Liberty Mutual Debuts Insurance Service for Amazon’s Alexa Voice-Controlled Device
Now shopping for insurance is simpler than ever. Just speak up. Liberty Mutual Insurance has launched the first insurance-focused service for Amazon's Alexa, a voice-controlled device that plays ...
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 ...
We Could Have a $500M U.S. Drone Insurance Market by 2020
The fledgling drone insurance market could be worth more than $500 million in the U.S. by the end of 2020 and $1 billion globally, assuming growth projections for the technology's commercial use ...
Lloyd’s Chairman: Many Companies Waiting to Join, Undaunted by Brexit
The Lloyd's of London insurance market has a queue of companies wanting to join, Chairman John Nelson said on Monday, even as Britain's vote to leave the European Union casts doubt over its European ...
U.S. Commercial Insurance Prices Continue Sluggish Advance: Willis Towers Watson
"Flat" continues to be the norm for U.S. commercial insurance prices as 2016 advances. Prices in aggregate for the sector ticked up by less than 1 percent in the 2016 second quarter, just as they did ...
The Latest Launches From Allianz, RMS, Willis Re and More
Allianz Global Corporate and Specialty added a new company to its panel of experts that helps businesses minimize post cyber-attack damage. RMS unveiled a new exposure analytics product. Willis Re is ...