Underwriting & Pricing
Commercial Lines Premiums Saw Slight Q2 Uptick, Except Workers Comp: IVANS Index
Nearly all major commercial product lines saw their Q2 2017 premium renewal rates increase slightly compared to last year. Workers compensation, however, saw renewal rates move back into the ...
Industry’s First-Quarter 2017 Net Income Down 42.2 Percent
The U.S. property/casualty industry saw net income after taxes plummet 42.2 percent to $7.7 billion in first-quarter 2017 from $13.4 billion for the same period in 2016—the lowest net income since ...
Insurance Underwriter Among Professions Most Vulnerable to Automation: Study
The insurance underwriter profession is on the endangered list, ranking among the jobs most vulnerable to automation, says a new report from the Center for Business and Economic Research. ...
Marketing, Telematics Help Carriers Counter Auto Insurance Price Hike Unhappiness: J.D. Power
About 26 percent of U.S. auto insurance customers have seen rate hikes so far this year, and they're not happy. However, it looks like clear communications from carriers can help mitigate any price ...
AIG’s ‘Smart Contract’ Is First Multinational Insurance Policy Powered by Blockchain
American International Group, IBM and Standard Chartered Bank have successfully piloted what they say is the first multinational, "smart contract"-based insurance policy using blockchain. Utilizing ...
Hiscox/Bold Penguin Partnership Envisions Online Future for Commercial Lines P/C Agents
Hiscox inked a new partnership deal with Bold Penguin, an InsurTech startup known for an online marketplace portal for commercial lines property/casualty agents. Neither side is disclosing financial ...
Insurers Adapt to Terror Attacks on Western Cities
The changing nature of attacks in Western cities has led insurers to offer new policies, from straightforward cover for business lost due to police cordons to more risky compensation for declines in ...
InsurTech, Carriers Disintermediating Distributors? Bring It On, Broker Execs Say
Executives of retail and wholesale property/casualty brokers, who have heard predictions about disintermediation for years, are not worried about the latest wrinkle in the stories of their ...