Underwriting & Pricing
How Insurers Can Harness the Power of AI
There is a lot of talk about the insurance industry being slower to adopt new technologies such as artificial intelligence, but Counterpart CEO Tanner Hackett and Socotra CEO Dan Woods both agreed on ...
Roof Damage Research: Small Hail Matters
New analysis by the Insurance Institute for Business & Home Safety (IBHS) and ZestyAI, a climate and property risk analytics provider, finds property/casualty insurance carriers need to broaden ...
Changing Times at NCCI: Workers Comp Organization Now 100 Years Old
When this reporter started her career in insurance a few decades ago as an actuarial quality control technician for the National Council on Compensation Insurance, the only computers we had sitting ...
D&O Story for 2022: Prices Down; Loss Ratios Up; Top Carriers Ranked
Although analysts at Fitch Ratings estimate that combined ratios for the directors and officers liability line remained below breakeven in 2022, with competition fueling price declines and the ...
How to Win Reinsurance Negotiations in a ‘Show Don’t Tell’ Hard Market
We need to talk about the cost of reinsurance. Primary property/casualty insurance carriers and MGAs are still squeamish following the most difficult January reinsurance renewals the industry has ...
Telematics Master Class: How Progressive Offers Competitive Prices
During an investor conference last week, Progressive's leader revealed some subtle wording changes to the company's purpose and vision. Unchanged, however, are four pillars of Progressive's strategy, ...
PLUS Panelists Warn Insurers Not to Get Comfortable Riding the Cyber Rollercoaster
Jeremy Gittler, practice leader and head of Cyber Americas at AXA XL, thinks of the cyber insurance industry as a rollercoaster. He says that after several years of turbulence with the advent of more ...
Loss Reserving and Pricing in a Time of Inflation
Inflation and the threat of a recession are a reality not to be ignored. The combined effects of the Ukraine conflict and post-COVID supply chain disruption resulted in inflation rates not seen in 40 ...