Underwriting & Pricing
A Community-Based Solution: How Actuaries and Fire Chiefs Can Tackle WUI Risk Together
Why is wildfire risk such a challenging area for insurers and communities? As fire chiefs, we are regularly asked about the increasing challenges our residents experience when seeking insurance in ...
The Art and Science of Underwriting in an Era of Evolving Risk
Insurance underwriters are seemingly pulled in many directions today as risks quickly evolve, from extreme weather events to changes in the legal and regulatory landscape to general inflation trends. ...
California Wildfires Dwindle as Premiums Surge
In their 1999 paean to California, the Red Hot Chili Peppers sang that "Destruction leads to a very rough road, but it also breeds creation." The rock band was referring to earthquakes and tidal ...
Are Winds of Change Blowing on California Insurance Law?
It would be wrong to assume that California regulators and lawmakers are only now starting to ponder what to do about a potential insurance crisis in the wildfire-prone state. A state of urgency has ...
Farmers Limits New California HO Policies; Insurer Group Calls for Reform
Farmers will limit new homeowners insurance policies in California, according to a statement issued by the carrier. The move follows a similar decision by State Farm last month and adds to a growing ...
Viewpoint: Closing the Gap on Insurance to Value in Property Policies
Inadequate valuation of physical assets in property policies results in a shortfall in premium collected, which in turn hinders the ability to rebuild fully after a loss. This is a problem for ...
Is AI Risk Insurance the Next Cyber for Insurers?
The rising enthusiasm around generative AI and the prospective increase in AI adoption are opening up intriguing opportunities for insurers to underwrite AI risks. However, before they delve into the ...
Serious Change Underway at SiriusPoint
SiriusPoint has seen a cluster of challenges over the past two years—ranging from an incomplete merger integration to persistent underwriting and investment losses to several leadership shake-ups. ...