Underwriting & Pricing
Valen Analytics Releases New ‘Risk Score’ for Workers Comp Insurers
Valen Analytics, a provider of proprietary data, analytics and predictive modeling to help insurers manage and drive underwriting profitability, has announced its new Risk Score for workers ...
Guy Carpenter: July 1 Renewal Rates Declined on Many Fronts
Insurance policy renewals as of July 1 declined by double digits in a number of lines and regions around the world, Guy Carpenter reported in a July 7 update. The market assessment echoes those made ...
Computers Writing Earnings Reports
Unless you follow me on Twitter (@SSCLAF or @CarrierMgmt), you probably missed what I viewed as one of the recent highlights of the IICF Women in Insurance Regional Forum. There was lots of good ...
Private Insurers Taking to South Carolina Coast
More private insurers are selling wind coverage to South Carolina coastal property owners, leading to a decline in the population of the state's windpool. The South Carolina Wind and Hail ...
14 P/C Insolvencies in 2013; Half RRGs: A.M. Best
A.M. Best announced its final tally of impairments for 2013 on Wednesday, counting just 14 for the year—the lowest level since 2007. The level was a little more than half the historical average and ...
Predictive Modeling Pitfalls
There are many success stories featuring predictive models, but what does not get as widely reported are the failures: mistakes that range from subtle misinterpretations and minor miscues to ...
Midyear Re Prices Down Up to 25 Percent
Reinsurance prices fell by as much as 25 percent in key markets midyear as pension funds poured in money and demand for cover from insurance companies remained subdued, brokers said on Tuesday. ...
Predictive Modeling in Property/Casualty Insurance
Predictive modeling in property/casualty insurance has been most widely used in pricing, underwriting and marketing personal insurance products such as personal auto and residential. Commercial ...