Underwriting & Pricing
RiskMatch: Unlocking $120B in Premium Opportunities for Carriers
With an ultimate goal of onboarding 97 brokers handling $120 billion of premium on its platform, a new entrant in the world of broker analytics offers carriers a clearer window into relationships ...
The Role of Models in Weather Forecasting
UKMET. ECMWF. GFS. GFDL. To most of us, this potpourri of letters are seemingly chosen at random and have no meaning. It's almost as if someone reached into a large sack filled with all 26 alphabetic ...
Soft Reinsurance Market Jeopardizes Company Financial Ratings: S&P
Property/casualty reinsurers aren't just facing heavy competition, declining premiums and excess capacity. These conditions, over time, could also jeopardize their financial ratings moving forward, ...
‘Most Hackable’ Car Claim Draws Muted Response From Chrysler, Nissan
Chrysler and Nissan said they are reviewing a report by well-known cyber security experts that rates their vehicles among the three "most hackable" cars on the market, along with a General Motors ...
The Promise of Predictive Analytics in Commercial Lines
In "Predictive Modeling Pitfalls: When to Be Cautious," published by Carrier Management last month, Ira Robbin from AIG presents a compelling case for exhibiting care when developing and implementing ...
Q2 Survey: P/C Commercial Rate Hikes Keep Slowing
In some sobering news for commercial property/casualty insurers, the 2014 second quarter brought slower rate increases and even some price dips. That's according to the latest quarterly survey of the ...
Rate Slump Has Led to ‘Naive’ Risk Taking: JLT
Jardine Lloyd Thompson Group Plc's Dominic Burke said the worst slump in prices for insurance policies since Sept. 11, 2001 has led some insurers to take on too much risk to win business. Burke, the ...
Berkshire Appoints Prussack VP of New Fiduciary Liability Line
Berkshire Hathaway Specialty Insurance announced Monday that it is entering the fiduciary liability market and has named Rhonda Prussack as vice president to lead the effort. Prussack most recently ...