Underwriting
The Underwriter Redefined
For decades, underwriting was defined by manual processing and a great deal of paperwork. Broker submissions typically arrived by email, requiring underwriters or their assistants to manually re-key ...
The Governance Test for AI in Underwriting
Artificial intelligence is reshaping insurance underwriting. Submission intake, triage, routine data collection and pricing models for low-complexity risks are increasingly automated, while ...
The Year So Far: Liberty Improves Most Among Nationals; Discipline Tested
A Carrier Management summary of earnings metrics for the year so far reveals a second-quarter average combined ratio of roughly 88, and a year-to-date ratio of just under 92 for a cohort of 27 ...
State of the Commercial Transportation Insurance Market: Amwins
The fleet market's supply chain issues, added fuel surcharges, and high-dollar claims are reminiscent of 2020, according to the latest Amwins' State of the Market Transportation report. With the full ...
Agentic AI Is Coming. Insurers Can Help Boost Adoption
When people talk about the forces driving AI innovation, the spotlight usually falls on tech giants and research labs. These institutions may build the models and release the breakthroughs, but ...
Underwriting’s Quiet Revolution: Moving From Reaction to Precision
For years, insurers poured resources into modernizing consumer interfaces and touting their improvements. Meanwhile, underwriting remained largely untouched. It was slow, stable and resistant to ...
Homeowners Insurers Still Boosting Rates; Top Carriers Ranked: AM Best
Last year's sub-100 combined ratio for the homeowners line broke a five-year string of 100-plus figures for the U.S. insurance industry in aggregate—and homeowners insurers are sticking to rate ...
Markel Insurance Selling Reinsurance Renewal Rights to Nationwide
In separate announcements late Wednesday, Markel Group and Nationwide revealed that Markel Insurance is running off its global reinsurance business and selling renewal rights to the $1.2 billion book ...