Underwriting & Pricing
Reinstated: Actuarial Ratemaking Principles Are Back!
Less than a month ago, the prospect that long-held principles of actuarial ratemaking would survive an action by the Casualty Actuarial Society board of directors to rescind them late last year ...
Progressive ‘Crushing It’ on Profit: Berkshire’s Jain and Buffett
Berkshire Hathaway Chair Warren Buffett and Vice Chair Ajit Jain admit that GEICO ranks behind Progressive in its ability "match rate to risk," but both competitors will soon surpass State Farm and ...
Six Tech Levers Driving Digital Transformation in the New Normal
With new variants of the virus emerging, it may seem a bit premature to anticipate the end of the COVID-19 pandemic, but many organizations are accelerating digital transformation initiatives that ...
How COVID Impacts Insurance in Unforeseen Ways
Having recently marked the one-year anniversary of the COVID-19 pandemic, it seems like an opportune time to consider how the pandemic has impacted the insurance industry. While business interruption ...
U.S. D&O Underwriting Losses Continue Despite Record Premiums: Fitch Ratings
Record premiums haven't been enough to reverse U.S. D&O insurers' underwriting losses, and the sector will still lose money in the near term as a result, Fitch Ratings said. Premium growth for ...
Aon Launches Protection for COVID-19 Vaccine Shipments Through New Industry Collaboration
Global professional services firm Aon plc has introduced a new offering, through broad industry collaboration, that will provide supply chain protection for global COVID-19 vaccine shipments. Using ...
CEO Viewpoint: Why SMBs Need Standalone Cyber Cover
It is well known that small and medium businesses (SMBs) face an ever-increasing risk of cyber attacks. Sixty-three percent of SMBs, surveyed in fall 2019—prior to COVID-19 lockdowns—reported ...
Chubb CEO Greenberg Reiterates a Call for Litigation Reform
Chubb Chairman and CEO Evan Greenberg is reiterating a call for litigation reform nationally and at the state level to address what he said is a "systemic" worsening of the legal environment and its ...