Underwriting & Pricing
P/C Market Stable in 2015: Wells Fargo
The commercial property and casualty insurance market should remain stable and profitable in 2015, according to the Wells Fargo Insurance 2015 Insurance Market Outlook. Abundant market capacity and ...
Pinnacle, Driveway Team Up on UBI Smartphone App Solution
Pinnacle Actuarial Resources, Inc. and Driveway Software have joined forces to offer the auto insurance industry a coordinated usage based insurance (UBI) solution using a smartphone app that ...
Zurich Commercial Transformation: From Conventional Wisdom to Data-Driven Pricing Insights
The merchants, captains and ship owners who congregated in Lloyd's Coffee House in the late 1600s, where they discussed shipping and insurance deals, could not have predicted that their hunches ...
ReSource Pro Gains Ground by Offering Outsourcing of a Different Sort
ReSource Pro CEO Dan Epstein believes that property/casualty insurers are ripe for the outsourcing in which his company specializes: business process outsourcing. "There are a whole range of ...
P/C Industry Profit Estimated at Over $50B for 2014
Overall profit for the U.S. property/casualty insurance industry should pass the $50 billion mark for 2014, according to estimates presented by the president of the Insurance Information Institute on ...
RateWatch Reveals Top States for Personal Auto, Homeowners Rate Hikes
Personal auto insurance companies increased their rates by an average of 2.1 percent countrywide in 2014, according to insurance consulting firm Perr&Knight's RateWatch reports. The three states ...
Berkshire Hathaway Arm Unveils Asset Management Liability Policy
Berkshire Hathaway Specialty Insurance has added asset management liability insurance to its Professional First suite of professional liability products. The policy provides clear and customizable ...
2015 Outlook: Rate Drops Dim Prospects for Underwriting Profits, PwC Says
Underwriting returns alone just won't cut for some London market insurers and reinsurers in 2015, according to PwC, which says that 20 percent of the market participants are "materially reliant" on ...