Data & Research
Hurricane Michael Insured Losses Could Hit Between $6.8B-$10B: RMS
Insured losses from Hurricane Michael now look to be between $6.8 billion and $10 billion, according to a new estimate from catastrophe modeler RMS. That estimate covers insured losses relating to ...
Lower Cat Losses, Higher Premiums, Helped Make Travelers’ Q3 Results Soar
Property and casualty insurer Travelers Corp on Thursday reported a third-quarter profit that more than doubled, driven by lower catastrophe losses and an increase in premiums and investment income. ...
Brexit Hasn’t Diminished London’s Ability to Attract Finance Sector Investment
Britain's financial sector brushed off Brexit uncertainty in 2017 to attract more inward investment than eight rival centers vying for its business, the City of London Corporation said on Wednesday. ...
Net Income Doubled for P/C Insurers in the 2018 First Half
U.S. property/casualty insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, with the help of lower catastrophe losses, ...
Excess Capacity Is Keeping London Market Insurers’ Profits Under Pressure: Fitch
The profitability of London market and Lloyd's insurers is expected to remain under pressure in 2018, despite the fact that rates improved slightly following the catastrophe losses in the second ...
Machine Learning Techniques Used to Detect Vehicle Hacks
In acts of terrorism, vehicles have been deployed as killing machines. These incidents involved human operators, but another sinister possibility looms: a vehicle cyber hack intended to cause human ...
Millennial Customers Open to Leaving Carriers for Upstart Insurance Rivals: Bain & Company
Traditional carriers have a big problem on their hands in terms of keeping millennial customers from switching to upstart rivals. A large majority of millennials are open to switching to upstarts ...
Small Businesses ‘Frustrated’ With Commercial Insurance Purchase Process: Accenture
Small commercial insurers aren't giving their client base what they want – a simple and easy purchase experience. Whether online or through an agent, business owners are left confused, frustrated ...