Underwriting & Pricing
Most Commercial Lines Premiums Trended Upward in April: IVANS
Last month, major commercial lines insurance renewal premiums continued trending upward, with one exception: workers compensation. The line remains in negative territory for the year, according to ...
How to Identify and Overcome Bias in a Predictive Model
This is the first in a series of articles by Valen Analytics looking at the hurdles that insurers must overcome to effectively implement and gain value from data analytics programs. Becoming a ...
CNA’s Underwriting Income Grows; Trump Tax Cuts Also Help Q1 Results
CNA Financial Corp. benefited from the U.S. tax reform law in the 2018 first quarter, but the Chicago-based carrier also saw a steady gain in underwriting income. CNA booked $291 million in net ...
It’s Official: The Insurance Cycle Is Dead, Willis Towers Watson Says
The once reliable cycle consisting of a short but severe post-catastrophe hard market followed by a gradual easing of insurance prices is officially a thing of the past, a major broker said in a ...
InsurTech Carrier CEO Explains Poor 2017 Results; Fields Questions on Reddit
The chief executive officer of an InsurTech insurance company responded to recent reports about his company's unfavorable 2017 loss ratio result on a social news platform last Friday. "We want to ...
Octo Telematics’ Execs to Buy Russian Shareholder Stake, Paving Way for IPO
Italy's Octo Telematics announced last week that its chairman and chief executive have signed a binding agreement to purchase 20 percent of Octo's shares from Russian company Renova Holdings. This ...
Global Natural Catastrophe Insured Losses Hit Record $144B in 2017: Swiss Re
Global insured losses from natural catastrophes were $144 billion in 2017—the highest-ever recorded in a single year, according to the latest sigma study from the Swiss Re Institute. The biggest ...
Ex-AIG Execs Kick Off New High-Net-Worth Insurer Vault in Fla.
It was a no-brainer for former thought-leaders from AIG to set up shop for their new high-net-worth insurer in the Sunshine State, known for beautiful beaches, a growing economy and lots of wealthy ...