Underwriting & Pricing
Fitch: Commercial Auto Insurers Still Losing Money on Underwriting
The commercial automobile insurance segment of the U.S. property/casualty insurance industry reported a third consecutive year of underwriting losses, according to Fitch Ratings. The combined ratio ...
Customers Switching Auto Insurers Unhappy with New Prices: J.D. Power Rankings
Customers who switch auto insurance carriers due to poor service often end up sorry they did because they end up paying more with their new insurer, according to the latest J.D. Power 2014 U.S. ...
FIO’s Affordability Study Needs Unified Industry Input: Howard Mills’ View
There are very few sure things in life, but among the closest to a certainty is that every year, on the ubiquitous year-end lists of top risks insurers face in the year to come, regulatory risk will ...
Next Generation Cat Modeling: Multimodel, Open Source or Open Platform—What’s the Difference?
For the past two decades, insurers and reinsurers have licensed catastrophe models from AIR, RMS and EQECAT, and each vendor model came with its own front and back end to handle the model input and ...
Reinsurance Market Softness Extends ‘As Far As the Eye Can See,’ CEO Says
The question that crops up whenever reinsurers experience soft market conditions is again being posed to industry executives, with leaders giving varying answers to analysts asking, "What kind of ...
Willis Launches Product Contamination Insurance Exclusively for Food and Beverage Industry
Willis Group Holdings on Wednesday announced the launch of Recall Shield, a new product contamination insurance product, in partnership with XL Group. Recall Shield has been designed with the BRC ...
April Renewals Bring Price Reductions, Focus On Tailored Coverage: Guy Carpenter
Strong balance sheets and an abundance of capacity led to lower reinsurance pricing across most territories and business segments for April 1 renewals, according to Guy Carpenter. "Despite a spike in ...
Privatizing Flood Insurance Presents Opportunities, Challenges: Deloitte
Privatization of the National Flood Insurance Program (NFIP) would present a huge growth opportunity to the property/casualty market, allowing insurers to tap into about $3.3 billion of yearly ...