Underwriting & Pricing
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 ...
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 ...