Underwriting & Pricing
Toyota, MIT Media Lab Blockchain Partnership Could Help Set Insurance Prices
Toyota Research Institute, a wholly owned unit of Toyota Motor North America, said on Monday it has teamed up with MIT Media Lab and five other companies to explore blockchain technology for the ...
AIG Shareholders Have Yet to See Post-Bailout Financial Gains
Since its 2008 bailout, American International Group Inc. has delivered paydays for investment bankers, Warren Buffett and even departing executives. Shareholders? Not so much. AIG shares have lost ...
Catastrophes Drove Private U.S. P/C Insurers to $4.7B Net Underwriting Loss: ISO and PCI Report
Private U.S. property/casualty insurers lost big in 2016, with a $4.7 billion net underwriting loss driven, in part, by significantly higher catastrophe-related insured property losses, according to ...
Natural Catastrophes Dent Allianz’s Net Income; Full-Year Profit Target Remains
Allianz SE is sticking with its full-year profit target as improving returns offset a jump in losses from natural catastrophes. The insurer reiterated an operating profit target of 10.3 billion euros ...
Cyclone Debbie, Other Weather Events Hammer Swiss Re’s Q1 Net Income
Swiss Re reported net income of $656 million during the first quarter of 2017, a 45 percent drop from $1.2 billion reported in the same period last year. Swiss Re's Q1 result was hammered by expected ...
AIG’s Cost-Cutting Helped Lead to a Better-Than-Expected Q1
American International Group Inc., one of the largest U.S. insurers, reported better-than-expected first-quarter operating profit on Wednesday, helped by investment returns and cost cuts. AIG ...
Allstate’s Q1 Profit Soars; Auto Line Pricing Improvement Progresses
Allstate saw its first quarter profit take a big jump this year to $666 million, up from the $217 million reported for the first quarter of 2016. Total revenue of $9.4 billion in the first quarter of ...
Markel Corp. Blames Ogden Rate Decrease for Disappointing Q1
Markel Corp's 2017 first quarter slumped in a major way, with a drop in net income and a rise in its overall combined ratio. The holding company for insurance, reinsurance and global investment ...