Underwriting & Pricing
Independent Agents Satisfied With Carrier Interactions Send More Business to Them: J.D. Power
It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier. But the message ...
Insurance Linked Securities Market Reached $93B in 2018: Willis Re
Growth of the insurance-linked securities (ILS) market reached $93 billion in 2018, up from $88 billion during the prior year, according to the new ILS Market Update from Willis Re, the reinsurance ...
AXIS Loses Nearly $200M in Q4
AXIS Capital Holdings closed out its 2018 fourth quarter with a nearly $200 million net loss, something President and CEO Albert Benchimol blamed largely on higher property catastrophe losses. The ...
Chubb Seals 15-Year Distribution Deal With Chile’s Largest Bank
Chubb Ltd. is boosting its presence and digital capabilities in Latin America by way of a 15-year distribution agreement with Banco de Chile, the largest bank based in Chile. "This partnership will ...
The Word on Main Street: What Small Businesses Really Want From Insurers
Patricia Ross, Raphael Strumlauf and Kate DeNeveu each have at least one thing in common: They're generally happy with their business insurance. Each owns a business at the downtown pedestrian mall ...
Everest Re Warns Q4 Catastrophe Losses Will Almost Hit $700M
Everest Re Group Ltd. expects nearly $700 million in catastrophe losses for the 2018 fourth quarter due to wildfires, a hurricane and a hailstorm. Everest's prediction of $695 million in catastrophe ...
Move Over InsurTechs: Chubb’s Digital Marketplace Is Live and Serving 1,000 Agents a Day
Giant global insurer Chubb is on a mission to transform itself into a digital enterprise. The company is making substantial investments in digital technologies including cloud, mobile, APIs, ...
Travelers Combined Ratio Ticks Higher; Q4 Profit Exceeds Estimates
Insurer Travelers Cos Inc reported a better-than-expected fourth-quarter profit on Tuesday, as growth in premiums and investment income offset catastrophe losses related to the California wildfires. ...