Underwriting & Pricing
A.M. Best: Workers Compensation Numbers Improved in 2013
While workers compensation continues to face heavy competition and low investment returns, we have good news to tell you. The industry's combined ratio dipped nearly 12 percent from 2012 to 2013, ...
Carriers Try ‘Holding the Line’ on Property-Cat Renewals: NAPCO
Property-catastrophe insurers have been focused on winning new business, which means new customers are seeing bigger price cuts, according to a market report from a wholesale broker specializing in ...
Primary, Excess Layer D&O Pricing Still Moving in Opposite Directions: Aon
Overall price declines for directors and officers liability insurance programs of publicly traded companies continue to be driven by excess-layer price drops, Aon's Financial Services Group concluded ...
Hiscox to Offer Cyber Deception Coverage
Hiscox has announced that it will offer a new cyber deception coverage as part of its executive risks suite of insurance coverages. Cyber deception occurs when criminals intentionally mislead company ...
Hudson Insurance Acquires Surety Business Portfolio
Hudson Insurance Group has acquired the underwriting operations of Surety Partners of America, Northeast. As part of the transaction, Michael Blount and James Balzan will join the team at Hudson ...
Sunlight Drives Away the Shadows: The Value of Open Source
In its 20-plus years, catastrophe risk modeling had developed nearly insurmountable barriers to alternative views of risk. Except for the largest companies, insurers and reinsurers have had little ...
RiskInsight Model Tools Explained
In her article, "Why Open Platforms are the Logical Next Step for Catastrophe Risk Models," risk expert Karen Clark explains that an open platform starts with "reference" models for combinations of ...
Why Open Platforms Are the Logical Next Step for Catastrophe Risk Models
The first generation of catastrophe modeling technology, based on proprietary "black box" models produced by a few vendors, is 25 years old. It's now generally known that despite significant ...