Underwriting & Pricing
Florida’s Citizens Seeks Maximum Rate Hike for Homeowners
The board of governors for Citizens Property Insurance Corp., Florida's state-backed insurer of last resort, wants the maximum allowed rate increased – 11 percent for next year and 12 percent for ...
Bias Education Required For Actuaries Issuing Statements of Opinion
The American Academy of Actuaries has revised the qualification standards for actuaries who issue statements of actuarial opinion (SAOs) in the United States, the association announced this week. The ...
CEO Viewpoint: FEMA Flood Insurance Pricing Methodology Revamp a Positive Move
By now, you've probably heard of the Federal Emergency Management Agency's effort to revamp its method of assigning prices to the National Flood Insurance Program's policies, which took effect on ...Seeing Through Clouds: Satellites in Insurance (Roundtable Cliff Notes)
Last month, Carrier Management Guest Editor and CB Insights Analyst Mike Fitzgerald hosted a roundtable bringing together participants in the world of geospatial information systems, seeking to ...
Underwriting Management: The Core System You’ve Been Missing
When we say "core systems" in our industry, we are typically referring to the critical software applications that are core to an insurer's business operations, mainly the policy, claims and billing ...
Building Insurance for the Companies Building the Future
Back in 2015, after working more than 15 years on the underwriting side of the property/casualty insurance business, Chad Nitschke started to become frustrated with the lack of change in the ...
Rebuilding Construction Insurance
At the end of an hour-long interview, the chief executive officer of an InsurTech focused on liability coverage for middle-market commercial construction contractors gave an unusual answer to a ...
A Special Time for Specialty Markets
The specialty insurance marketplace always has been a vast laboratory for nascent products. It once was a tiny market. Those days are over. Today, with tens of billions in premiums in the U.S. ...