Underwriting & Pricing
Commercial Insurance Prices Nudged Higher in Q4: Marsh
The historic cluster of natural catastrophes that struck in late 2017 helped nudge average global commercial insurance pricing higher during the fourth quarter—the first increase since early 2013, ...
Mobile Broadband Access and Auto Collision Frequency Uncorrelated, Actuaries Find
Mobile broadband access—used as an indicator of the likelihood that drivers may be using mobile devices while driving—appears to have no impact on collision frequency, according to a recent ...
Connected Car Data For Sale: War Over Profits Builds; Privacy Concerns Linger
Picture this: You're driving home from work, contemplating what to make for dinner, and as you idle at a red light near your neighborhood pizzeria, an ad offering $5 off a pepperoni pie pops up on ...
Liberty Mutual’s Safeco to Take Over MAPFRE’s Personal Lines Biz in Three States
MAPFRE Insurance, which last year decided to exit five states and focus on 11, is turning over its personal lines business in three of those five states to Safeco Insurance, a Liberty Mutual unit. ...
Building Smarter Cat Models: Why They Need an Upgrade
Not too long ago, a phone was just a phone. Along with a phone, you needed an alarm clock, a calculator, a CD player, a camera and many other electronic devices. Today, all of those capabilities and ...
Insurers May Not Be Able to Avoid Blockchain, Virtual Currencies ‘Sweeping Through Industry’
Insurers need to be thinking about blockchain technology and virtual currencies like bitcoin and how to approach these areas of emerging risk as they become harder to ignore, according to panelists ...
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 ...