Underwriting & Pricing
Improve Retention and Increase Conversion by Getting the Most Out of Credit Data
In an era when insurers are increasingly reliant on data to automate underwriting and segment risk, lower new business application conversion has put pressure on company expense ratios. This is due ...
U.S. Led the Catastrophe Pack With Major Flood Damage in March
Damage from flooding in March 2019 reached $8 billion from events across the globe, with much of the damage happening in the U.S., according to Aon's "Global Catastrophe Recap – March 2019." "The ...
Insurers See Opportunity With Quick-Paying Parametric Disaster Insurance for Public Sector
Some of the world's largest insurers are eagerly pitching cities, states and even school districts on policies designed to pay out quickly with few questions in the event of extreme weather. The ...
InsurTech Will Revolutionize Inland Marine by Cutting Costs for Customers, Carriers
InsurTech advances will soon drive down unacceptably high expense ratios in the inland marine sector, making it possible to insure even hard-to-place small or one-off inland marine risks at the best ...
Who’s to Blame for the Opioid Crisis: The Role of Workers Comp Insurance
There are multiple parties responsible for the opioid crisis, and even workers compensation insurers may have played a role in the epidemic, experts speaking at an industry conference said late last ...
Berkshire Hathaway Direct: ‘Challenging the Normal’ With Three Pages
For most property/casualty actuaries, routine parts of the job involve finding comfort with insurance pricing levels and claims trends, grounded in a thorough understanding of the parameters of ...
Marijuana Is Legal; Now What? Workers Comp Carriers Prepare for Claims Ahead
There's no doubt marijuana is having a moment, with several states having passed legislation legalizing it for both medical and recreational use. Media focus has centered on the drug's benefits, but ...
Risks and Non-Risks in the Obesity Epidemic: Praedicat Analysis
Are the products used to build our buildings also making us fat? Are our diet sodas giving us cancer? As though it isn't hard enough to watch our diets, as insurers we have to worry about what it all ...