Underwriting & Pricing
Intense Downward Pricing Pressures Loom for Marine P&A Clubs, A.M. Best Warns
While the balance sheets of clubs operating in the marine protection and indemnity (P&I) sector are generally strong, underwriting discipline will be tested over the February 2018 renewal period, ...
Commercial Property Rates Rising by Double Digits: Willis Towers Watson
Commercial property insurers are pursuing double-digit rate hikes in the wake of 2017's historic natural catastrophes and the $143 billion in global estimated insured losses they caused. But ...
AXIS Capital’s Q4 Is a Money-Loser; CEO Benchimol Blames Catastrophes, Ogden Rate Change
AXIS Capital Holdings rounded out 2017 with a money-losing quarter, but the Bermuda-based insurer and reinsurer blamed more than just "significant" catastrophe losses. AXIS reported a 2017 fourth ...
AIG Reports $6.7B Loss Attributed to Catastrophes and Tax Reform
American International Group Inc posted a $6.7 billion fourth-quarter loss on Thursday as the U.S. insurer booked a big charge related to U.S. tax reform and losses from global catastrophes. ...
Aspen CEO O’Kane: Insurance Division ‘The Source of Considerable Poor Performance’
Aspen Insurance Holdings lost nearly $185 million in the 2017 fourth quarter, or $3.25 per diluted share. The struggling Bermuda-based insurer and reinsurer also saw its consolidated combined ratio ...
Sapiens Boosts North American Market Share With Adaptik Acquisition
Sapiens International Corp. has agreed to snatch up Adaptik, a rival insurance software company focused on policy administration and billing. The move is expected to help the Israeli company boost ...
Indio Technologies Pulls in $6M for Digital Commercial Insurance Broker Platform Expansion
Indio Technologies raised $6 million in new venture financing, money that will help expand the capabilities and use of its digital commercial insurance platform for brokers. The Series A financing ...
The Act of Automation: Proven Technologies Streamline Reconciliation and Reduce Risk
As InsurTech makes slow but steady inroads in the insurance industry, the focus is now on cutting inefficiencies and streamlining workflows—things that can be done today with proven technologies ...