Underwriting & Pricing

How Cyber Insurance Will Reshape Cybersecurity

Cybersecurity is broken. It's a bold statement, but given the increasing frequency of cyber breaches, along with the presence of more varied and evolving threats, there is growing uncertainty about ...

Misclassification Impedes Insurers’ Ability to Underwrite Risks

Over the years, one of the key challenges for insurers in underwriting small and midsize businesses involves misclassification of the risk. Not surprisingly, more often than not, inaccurate ...

By Taming Big Data With AI, Cytora Aims to Transform Commercial Underwriting

It is an InsurTech startup operating an artificial intelligence-powered platform that aims to transform commercial insurance underwriting. While the goal may seem ambitious, Cytora is making ...

Risk Alerts: Medical Marijuana; LED Lighting and Eyesight Damage

Could medical marijuana laws actually be increasing opioid overdose deaths? Are the benefits of medical cannabis worth the possible side effects? Is the blue light in LED lighting damaging our ...

Liability Long Tail Could Get Longer

One of the most challenging things about liability insurance is that claims on this year's policy might be made well into the future. If exposure to a chemical, product or business activity this year ...

Parametric Insurance Takes Off

Now that property and casualty insurance coverage terms for business disruption losses are gradually tightening, a singular insurance product used primarily to protect businesses against ...

Smart Commercial Insurance: How New Sources of Data Are Ushering in a New Era of Underwriting

The underwriting behind most commercial insurance is a marvel of steadfast, gradual iteration. It stretches back to the 14th century, after all. In my experience running a commercial insurance ...

Chubb, Chaucer, Other Lloyd’s Underwriters Team to Develop Products for New and Emerging Risks

Lloyd's underwriters including Chubb, Chaucer, Beazley and Hiscox are teaming up on a new initiative designed to quicken insurance/reinsurance product development for new and emerging risks. Known as ...

Is the IoT the Future of Workers Comp?

Internet of Things capabilities, already familiar to insurers from personal lines applications like auto telematics, are emerging in the workers compensation space through purpose-built monitoring ...

Cyber Insurance Underwriters Face Ongoing Challenge of Insufficient Historical Data

While there are "huge opportunities" on the horizon for the cyber insurance industry, cyber insurance underwriters still face the challenge of not having enough historical data to work with. "It's ...