Underwriting & Pricing
One of Best E&S Markets in 50 Years, Industry Veteran Says
The chair of W.R. Berkley Corporation has been observing conditions in the excess and surplus and specialty markets for more than five decades and said he views the current environment as just about ...
Global Reinsurers Saw Strong Premium Growth in H1: Willis Re
Global reinsurers performed well in first-half 2021, expanding their capital base and achieving exceptionally strong premium growth, according to Willis Re's latest Reinsurance Market Report. ...
Old-School Carriers Are Joining Digital Exchanges, Adding Twist to Marketplace Competition
Major U.S. insurers are joining new digital exchanges to sell not only their own policies but also those of rivals, a fresh twist in an industry known for fierce competition. The powerful new ...
Ohio Mutual Insurance Group and SimpliSafe to Partner on Risk Mitigation Initiative
Regional insurer Ohio Mutual Insurance Group is partnering with home security systems maker SimpliSafe to offer preventative smart home protection against major insurance perils to homeowners in ...
GEICO Drags Down Berkshire Hathaway’s Q2 Insurance Earnings
Berkshire Hathaway's insurance division produced a mixed performance during the 2021 second quarter. Rate increases generally carried the day, though the conglomerate's GEICO unit dragged down ...
Mining for Gold: Overcoming Challenges to Unstructured Text Data
Artificial intelligence (AI) is undeniably changing the insurance industry. Carriers are justifiably enthusiastic about the opportunities for improved efficiency and cost savings. Unfortunately, the ...
P/C Insurers Plan to Boost Their Use of Actuarial Automation: Willis Towers Watson
Property/casualty insurers plan to accelerate their use of automation for actuarial work, a new Willis Towers Watson survey found. What's more, COVID-19 has been a major factor in the trend. The ...
InsurTech Product News From Milliman, Tractable
Milliman unveiled a suite of flood InsurTech products that the consulting firm said it designed to ease market entry for private insurers, startups and MGAs. Separately, InsurTech unicorn Tractable ...