pricing News
Q1 UK Car Insurance Premiums Plunge to Lowest Levels Since 2015: Survey
The cost of a comprehensive car insurance policy in Britain slumped 14% in the first quarter of 2021, to their lowest level since 2015, as different phases of lockdowns in the country kept motorists ...
U.S. Commercial Insurance Prices Accelerated Higher in Q3: Willis Towers Watson
U.S. commercial insurance prices continued to accelerate in the 2019 third quarter at a pace not seen for years, Willis Towers Watson said in a new report. "This quarter we saw the largest overall ...
U.S. Commercial Insurance Prices Tick Higher for Third Straight Quarter
Commercial insurance prices for the U.S. ticked up close to 3 percent in the 2018 second quarter, the biggest quarterly increase in nearly four years, Willis Towers Watson said in its recent pricing ...
Travelers Produces a Q4 Profit Despite Catastrophe and Tax Cut Hits
Travelers took a big Q4 hit from a tax-cut-related charge and catastrophe-related expenses but still pulled in a profit. The insurer booked $551 million in net income, or $1.98 per share, during the ...
Global Insurers Will Seek Rate Hikes After Historic, Catastrophic Q3
Insurers and reinsurers around the globe are looking to raise rates after what looks set to be their most costly quarter on record. Hurricanes Irma and Maria alone caused as much as $135 billion in ...
Advanced Analytics Can Help Insurers Boost Customer Service at Multiple Points
The one constant in insurance is that there will always be new innovations and trends that suddenly disrupt the industry. Some of the newest disruptive forces include the Internet of Things (IoT), ...
Allstate’s Q1 Profit Soars; Auto Line Pricing Improvement Progresses
Allstate saw its first quarter profit take a big jump this year to $666 million, up from the $217 million reported for the first quarter of 2016. Total revenue of $9.4 billion in the first quarter of ...
CFA’s Hunter Reacts in Actuarial Battle: Allstate’s Plan Is Price Optimization
Carrier Management recently published an article in three parts by James Lynch, chief actuary and vice president of Research and Information Services at the Insurance Information Institute, based ...