Underwriting & Pricing
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 ...
Willis Re Sees More Rate Softening With June and July Renewals
Willis Re took a close look at June 1 and July 1, 2014 global reinsurance renewal rates and once again found them mostly wanting from the reinsurance industry perspective. Meanwhile, cat bonds ...
Predictive Modeling: A Breakdown
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 ...
From Sinkholes to Tsunamis: Assessing Nonmodeled Risks That Matter to Your Company
The degree of uncertainty for modeled perils draws a lot of attention from most insurance companies. A significant amount of resources are put into improving data quality, modeling assumptions, model ...
70% of Citizens Personal Policyholders Could See Rates Fall
With an average dip of 3.2 percent for homeowners policies, nearly seven in 10 Citizens Property Insurance Corporation personal lines policyholders could see rate reductions in 2015, the insurer said ...
Verisk to Commercial Property Insurers: We’ll Make the Follow-Up Calls for You
Verisk Insurance Solutions - Commercial Property announced last week that has introduced a service called PhoneAssist in response to industry requests for help with follow-up calls to insureds on ...
Fear of Being Fired Among Predictors of Workers Comp Outcomes: WCRI
Workers compensation researchers have identified anxiety over being fired and other new predictors of worker outcomes that they say can help public officials, payers and health care providers improve ...
Florida Private Flood Bill Now Law But Market May Take a While to Develop
Florida Gov. Rick Scott has signed legislation designed to encourage private insurers to offer flood insurance, but the industry is tamping down expectations that it will result in a viable market in ...