Underwriting & Pricing
Global Insurance Rates Continue to Moderate in Q1 – Except Cyber
Global commercial insurance prices rose 11% in the first quarter of 2022, marking the fifth consecutive reduction in rate increases since pricing peaked at 22% in the fourth quarter of 2020, ...
81% of Flood Insurance Policyholders Will See Rate Increases
When the Federal Emergency Management Agency rolled out a major overhaul to its beleaguered National Flood Insurance Program last April, it promised that bigger, richer homes would bear the brunt of ...
Tesla Insurance Turning ‘Nightmare’ Claims Experience Into ‘Dream’: Musk
Tesla is "trying to turn a nightmare into a dream with Tesla Insurance," Chief Executive Officer Elon Musk said Wednesday. His final words during an earnings conference call that lasted more than an ...
Travelers CEO Schnitzer: Loss Costs ‘Challenging as Ever to Predict’
In the words of its CEO, there's a "fair amount to pay attention to" from the first-quarter earnings call of Travelers, as the P/C insurer grew net written premiums 11 percent to a record $8.4 ...
Travelers’ Profit Up 48% in Q1
Travelers Companies Inc. reported a 48 percent jump in quarterly profit that beat analysts' estimates, as lower catastrophe-related claims cushioned a hit from investment losses. The company's core ...
Dos and Don’ts for Insuring Growing Transportation and Logistics Businesses
The demand for delivery services has never been higher than it is today. And neither has the demand for insurance in the delivery industry. Delivery companies contracting with independent contractors ...
Cyber Premiums Grew 74% in 2021: Fitch
According to estimates by Fitch Ratings, direct written premiums for standalone and packaged cyber insurance increased 74 percent to nearly $5 billion in 2021 compared with overall growth for the ...
Advice for Casualty Insurance Brokers: ‘Get Out of the Pajamas’
Asked for the latest thoughts on the role of the broker in managing client expectations against the headwinds of a difficult casualty insurance market, one panelist during Advisen's Casualty Insights ...