Triple-I: Workers Compensation

FEBRUARY 14, 2025

Combined ratio the most common measure of insurer underwriting profitability is calculated by dividing the sum of claim-related losses and expenses by premium. Net combined ratio and net written premium growth rates for Workers Comp are analyzed, forecasted, and reported in Triple-I quarterly members-only webinars.

Workers Comp 40

Workers Comp Premium Workers Compensation Workers Compensation Insurance 40

Triple-I: Homeowners Insurance

MAY 8, 2024

Legislative reforms put in place in 2022 and early 2023 to address legal system abuse and assignment-of-benefits claim fraud in Florida are beginning to help the state’s property/casualty insurance market recover from its crisis of recent years, according to a new Triple-I Issues Brief. With only 15 percent of U.S.

Premium 52

Premium Insurance Insurer Insured 52

Neilson Marketing Services

OCTOBER 23, 2024

You can refine your outreach efforts by focusing on agencies with the right premium volumes, specialties, and relationships with specific carriers. The data includes ownership information (independent or private equity), premium volumes, revenue figures, employee counts, carrier relationships, and targeted industries.

Broker-Agent 104

Broker-Agent Premium Agents Insurance Agency 104

Triple-I: Homeowners Insurance

OCTOBER 10, 2024

property and casualty insurance industry experienced better-than-expected economic and underwriting results in the first half of 2024, according to the latest forecasting report by Triple-I and Milliman. Much of the overall underwriting gain was due to growth in personal lines net premiums written. represented a 2.3-points

Commercial 68

Commercial Underwriter Underwriting General Liability 68

Triple-I: Workers Compensation

FEBRUARY 10, 2022

economy and is the second-largest line of commercial insurance, with $42 billion in premium annually. As part of its mission to foster a healthy workers compensation system, NCCI gathers data, analyzes industry trends, and provides objective insurance rate and loss cost recommendations.

Workers Comp 52

Workers Comp Workers Compensation Workers Compensation Insurance Compensation 52

Triple-I: Homeowners Insurance

DECEMBER 5, 2024

By Lewis Nibbelin, Contributing Writer, Triple-I Natural catastrophe perils rising frequency and severity may be impossible to fully abate, but Nationwide Property & Casualty Insurance Co. President and CEO Mark Berven believes modern building codes could dramatically reduce their costly destructiveness. “The U.S.

Building 64

Building Risk Casualty Insurance Premium 64

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

As we’re trying to raise awareness of this problem with consumers, ‘social inflation’ doesn’t work,” said discussion moderator and Triple-I’s Chief Insurance Officer Dale Porfilio. Louisianans Need to Know Legal Reforms Boost Florida Insurance Market; Premium Relief Will Require More Time How Georgia Might Learn From Florida Reforms U.S.

Out-Of-Pocket 64

Out-Of-Pocket Broker-Agent Premium Claim 64

Triple-I: Business Insurance

AUGUST 11, 2022

The property & casualty insurance industry’s combined ratio – an indicator of underwriting profitability – is forecast at 100.7 Combined ratio represents the difference between claims and expenses paid and premiums collected by insurers. We forecast 2022 P&C premium growth of 8.5 for 2022, up 1.2

Underwriter 40

Underwriter Underwriting Workers Compensation Premium 40

Triple-I: Workers Compensation

MARCH 21, 2023

Group captives recruit safety-conscious companies with better-than-average loss experience, with each member’s premium based on its own most recent five-year loss history. Group captives can provide a viable way to protect companies across several lines of casualty insurance.

Workers Compensation 40

Workers Compensation Premium Liability General Liability 40

Agency MVP

DECEMBER 20, 2021

If you are looking to take advantage of this new trend by selling property and casualty insurance from your own home, there are certainly many avenues available to you. No matter what is going on globally, there is always a need for many people to shore up their own insurance needs.

Insurance 52

Insurance Insurer Insured Casualty Insurance 52

Majesco

FEBRUARY 22, 2024

Trend 2: Robust Growth in Excess & Surplus Lines and MGAs Managing general agents in the US market saw very strong growth in 2022, well above the broader property/casualty insurance market growth, according to Conning’s 2023 annual MGA report. with $85.5B In addition, the E&S market grew 17.5% in 2022 following 28.8%

Insurance 40

Insurance Insurer Insured Broker-Agent 40

Friendly Agent

DECEMBER 3, 2020

Ultimate guide Selling Life insurance part time or as a Side Hustle Life insurance pays probably the highest commission up front but there is almost no recurring revenue. In most cases your commission may be in the range of 80-120% of the total first year premium. Successful agencies have 90% + retention rate.

Insurance Agents 130

Insurance Agents Insurance Agent Agents License 130

Triple-I: Homeowners Insurance

SEPTEMBER 24, 2024

The Casualty Actuarial Society (CAS) has added to its growing body of research to help actuaries detect and address potential bias in property/casualty insurance pricing with four new reports. Actuaries commonly rely on demographic factors, such as age and gender, when deciding insurance premiums.

Risk 59

Risk Casualty Insurance Policyholder Premium 59

Majesco

JANUARY 23, 2025

property and casualty insurers, 43%including seven of the top tenhave at least one MGA insurance relationship through which to source new premiums.” ” [i] In the AM Best report dated May 22, 2024, they note that in 2023, direct premiums written (DPW) generated by MGAs grew 8.6%

Insurance 40

Insurance Insurer Insured Underwriter 40