Underwriting & Pricing
Swiss Re Exec Reports: There’s a Perfect Storm Brewing
There's an irony in the term "perfect storm" that insurers understand better than anyone. Not only do we help policyholders recover from them, but we may be in for one of our own. Like shifting winds ...
What Carriers Want From Core Systems Transformations
Insurance carriers are making an unprecedented investment in transforming their policy, billing and claims systems and processes. This is a unique period where the convergence of aging legacy ...
As P/C Companies Turn to Predictive Analytics, Some Underwriters are Wary
If you're wondering how important predictive analytics is becoming to property/casualty insurance companies, consider this: 56 percent of industry respondents in a new survey said they plan to start ...
Guy Carpenter Launches Next-Gen Canada Flood Model
Guy Carpenter launched its G-CAT Canada Flood Model, which it describes as the first ever probabilistic model for Canada that enables insurers to assess their exposure to flood, Canada's most ...
RMS Releases Latest Europe Windstorm and North Atlantic Hurricane Models
Catastrophe risk modeler RMS has released version 15.0 of its RMS Europe Windstorm and RMS North Atlantic Hurricane Models. Matthew Grant, general manager of models and data at RMS, said the updated ...
Changing Behavior of American Drivers and the Impact on Auto Insurance
Americans just love driving. They clocked 35,795,000,000,000 miles in 2014 and have far outstripped every other nation in driving mileage. Insurance companies historically have placed a great weight ...
Holes in the Market; Casualty Survey Finds Coverage Gaps to be Filled
While nearly 70 percent of risk managers surveyed are "very satisfied" with their casualty insurance programs, more than one-fifth report some gaps in coverage that they are unable to fill, a recent ...
Sizing Up the Casualty Insurance Market: Top Five Writers and Pricing Trends
While there are signs that general liability insurance prices started falling off for the largest accounts late last year, strong pricing over the past few years has fueled growth for casualty ...