Underwriting & Pricing
Status of Certain Casualty Actuarial Ratemaking, Reserve Principles in Flux
A task force of the National Association of Insurance Commissioners is asking the board of directors of the Casualty Actuarial Society to reverse a decision to rescind a "statement of principles" of ...
The Future of Underwriting Is ‘Exponential’: Deloitte Study
The underwriters of the future will need to be "exponential," multiplying their value by developing new skills and taking on enhanced responsibilities. This means evolving into new roles, such as ...
GEICO Suit Claiming It Overcharged on Auto Insurance During Pandemic Moves Forward
The auto insurer GEICO Corp, a unit of Warren Buffett's Berkshire Hathaway Inc, must face a proposed class action claiming it overcharged policyholders as the coronavirus pandemic led to less driving ...
Making Insurance Personal: Tailoring Insurance Products to Meet Consumers’ Needs
According to a recent Accenture study assessing consumer views about the financial services industry, personalization is a critical success differentiator for insurers. This trend toward ...
ESG in Insurance Underwriting: European Insurers Lead the Way
There's a gripping moment in Shakespeare's "Othello" when Cassio, hoodwinked by Iago into losing Othello's trust, repeats, "Reputation, reputation, reputation! O, I have lost my reputation! I have ...
Was COVID-19 Really a Business Interruption Wake-Up Call?
The COVID-19 pandemic has been a wake-up call for the insurance industry in how it approaches cover for non-damage business interruption (NDBI). This is according to Lloyd's Chief Executive John ...
Responding to the Impact of COVID-19 on Workers Compensation
The workers compensation system has faced extraordinary challenges in the past 12 months. They just aren't the same issues we thought we would be addressing when the pandemic hit the U.S. in March ...
VIDEO: Experts Urge InsurTech-Like ‘Outside-In’ Thinking From Insurers
Are you using your vehicle to transport people? That's just one of the "archaic questions" that insurers might be still be asking, Chetan Kandhari, Chief Innovation and Digital Officer for ...