Underwriting & Pricing
Telematics Meets Demand for Real-Time Data as Insurers Adjust to On-Demand Economy
Even before COVID-19, the gig economy was changing how people work, as businesses rapidly adapted to provide on-demand services to meet customer expectations. Insurers must become nimbler and embrace ...
London Company Market Premium Jumped 10 Percent in 2019
Premium income for the London company market grew by 10 percent last year with £21.4 billion ($27.7 billion) of large commercial and wholesale risks underwritten by firms in the City. A new report ...
A Crisis Within a Crisis: How COVID-19 Is Driving the Opioid Epidemic
While the current national health conversation has largely centered on the COVID-19 pandemic, which has resulted in more than 200,000 deaths in the U.S. alone and more than a million worldwide, ...
How Will Insurers Navigate This Recession?
In less than a year, COVID-19 changed the business landscape worldwide. Entire workforces relocated from their offices to their homes. Businesses changed channels and basic ...
What the Pandemic Can Teach Us
While the pandemic has provided an entirely unwelcome education, if we choose to, we will profit from its lessons. After all, no crisis should be wasted. The first of many lessons can be attributed ...
Pandemic Losses Forestall Liability Insurance Turnaround
Projecting future property/casualty insurance market profit is always challenging. The economic and social impact of the ongoing coronavirus pandemic greatly compounds the uncertainty of this effort. ...
Between a Rock and a Hard Place: Insurers Struggle With Policy Rewrites
Commercial insurers are engaged in coverage language rewrites en masse this year, but "The Great Policy Rewrite" faces some serious obstacles, a coverage lawyer said recently. Even if carriers are ...
U.S. Auto Combined Ratios Will See Sharp Improvement in 2020: Report
In a report, S&P Global Market Intelligence is projecting that U.S. personal and commercial auto insurers will see a sharp improvement in their full-year combined ratios for 2020, followed by ...