Underwriting & Pricing
What’s Next for Cyber Insurance?
There's a saying in the cybersecurity industry that there are two types of businesses today: those that have been breached and know it, and those that have been breached and just don't know it. ...
California Comp Underwriting Profit Unlikely in 2014: Fitch
Although premium rate increases and market reforms will help to improve the underwriting results of California workers compensation insurance writers, they will still see underwriting losses in the ...
GEICO Led Personal Auto Pack in 2013 Premium Growth: SNL Financial
GEICO Corp. beat out its competitors in premium growth in 2013 and reported one of the best underwriting margins among the top 20 U.S. auto insurers. According to a report by SNL Financial, GEICO's ...
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 ...