Insurance Journal

JULY 15, 2024

Favorable first-quarter economic and underwriting results for property/casualty insurance are in line with projections that the industry will see a small underwriting loss in 2024 and achieve profitability in 2025, according to a report from the Insurance Information Institute (Triple-I) …

Premium 277

Premium Casualty Insurance Underwriter Underwriting 277

Insurance Journal

JULY 19, 2024

reported second quarter net income of $534 million, compared to a loss of $14 million during the same time a year ago, thanks to record net premiums of about $11.1 The Travelers Companies, Inc. The New York-based insurer posted …

Underwriter 264

Underwriter Underwriting Premium Insured 264

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 percent,” Porfilio said.

Underwriter 40

Underwriter Underwriting Workers Compensation Premium 40

Cowbell

AUGUST 20, 2024

In two years, he successfully implemented over 20 partnerships with major insurance brokers and significantly enhanced Arch’s digital presence while optimizing the underwriting process through automation, culminating in improved user interfaces and portals.

Cyber 105

Cyber Insurance Broker Underwriting Underwriter 105

Protect Commercial Insurance

OCTOBER 4, 2024

How Interest Rates Influence Insurance Costs Insurance premiums are sometimes indirectly influenced by interest rates. Here’s how: insurers rely on investment income to keep premiums competitive. When interest rates rise, the returns on these investments can increase, potentially affecting premium rates.

Property Insurance 52

Property Insurance Out-Of-Pocket Premium Insured 52

Property Insurance Centre

NOVEMBER 11, 2024

” or can’t get the insurance you deserve for that matter – insurance with reasonable premiums and without unnecessary restrictions. In other cases, it will be due to underwriting appetite of insurers and their ever changing attitudes to risk. Getting an alarm will often be a deterrent in the first instance.

Insured 52

Insured Insurance Insurer Premium 52

Property Insurance Centre

JANUARY 4, 2024

Inflation drives up property valuations , construction costs , and insurance premiums. This has resulted in higher premiums and limited coverage in catastrophe-exposed areas. Insurers are investing in advanced technology and data analytics to improve risk assessment and underwriting processes.

Property Insurance 52

Property Insurance Commercial Property Liability Insured 52

Jackson & Jackson

MAY 22, 2024

Multi-unit commercial properties in California offer investors the potential for significant returns. Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. However, with great opportunities come great risks.

Property Insurance 52

Property Insurance Commercial Property Commercial Broker-Agent 52

Neilson Marketing Services

OCTOBER 28, 2024

Defining Market Position : High-quality data reveals which agencies already rely on the carrier for specific products, such as commercial lines, personal auto, or specialty coverages. If an MGA specializes in unique commercial policies, the survey might ask about coverage satisfaction and growth potential within that niche.

Insurance Agency 105

Insurance Agency Building Insured Insurance 105

Property Insurance Centre

AUGUST 8, 2024

However, if it goes more long term the insurers can at worst pull cover entirely leaving you to search the market for an alternative, or perhaps apply more stringent conditions and charge a rather large additional premium – usually refundable on a pro-rata basis, assuming you are able to let the property out again!

Insured 52

Insured Insurer Insurance Premium 52

Distinguished

AUGUST 12, 2024

We’ll explore the wide range of projects covered, from single-family homes to commercial buildings, and examine the comprehensive coverages that protect your clients’ investments. Broad appetite : Get coverage for single-family homes, commercial buildings, and mixed-use clients all in one place.

Risk 52

Risk Broker-Agent Insured Insurance 52

Majesco

MAY 23, 2024

Can insurers fill the bucket with the right premiums as fast as claims pour out potential profits? It’s about rethinking underwriting and claims as well as rethinking risk resilience. Increasing premiums is a reaction to today’s market dynamics, but not a long-term solution for either insurers or their customers.

Risk 40

Risk Underwriting Underwriter Insured 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. Each owner makes a modest initial capital contribution,” states the paper, Group Captives: An Opportunity to Lower Cost of Risk. “The million to almost $22.3

Workers Compensation 40

Workers Compensation Premium Liability General Liability 40

Triple-I: Workers Compensation

FEBRUARY 10, 2022

economy and is the second-largest line of commercial insurance, with $42 billion in premium annually. Even with rates falling, he said, the line has seen “seven years of underwriting gains and favorable combined ratios.” Workers comp plays a critical role in the U.S.

Workers Comp 52

Workers Comp Workers Compensation Workers Compensation Insurance Compensation 52

Distinguished

SEPTEMBER 10, 2024

This includes projects that involve: Betterments Renovations New Construction We also insure a variety of building types, including single-family homes , mixed-use buildings , and commercial properties. Industry Leaders : As a top Builder’s Risk insurer nationwide, we offer your clients enduring stability and premium coverage options.

Risk 52

Risk General Liability Broker-Agent Insured 52

TGS

SEPTEMBER 11, 2023

The South Carolina Wind and Hail Underwriting Association, also known as Wind Pool, is an association of insurance providers. Commercial businesses are also available for coverage. The South Carolina Wind and Hail Underwriting Association has an eligibility checker. This covers any damage caused by wind or hail events.

Insured 52

Insured Insurance Insurer Out-Of-Pocket 52

Majesco

FEBRUARY 15, 2024

Because reinsurers, mid and large market commercial and specialty lines companies have large numbers of complex risk items that require fast, dependable performance for rating calculations. These types of risks often require specialized knowledge and underwriting expertise. Can the technology solution expand underwriting data fields?

Policyholder 40

Policyholder Broker-Agent Risk Broker 40

Distinguished

SEPTEMBER 25, 2024

Whether it’s a construction project for a single-family home , a mixed-use building , or a commercial property, Distinguished’s Builder’s Risk Program has got it covered. Developers : In larger commercial projects, developers need to be included in the policy. What Does Distinguished’s Builder’s Risk Cover?

Risk 52

Risk Broker-Agent Insured Insurance 52

Majesco

NOVEMBER 21, 2024

By moving the business to next-gen cloud intelligent core platforms with embedded technologies like APIs, microservices, AI/ML models, GenAI, and digital, insurers can drive down operational costs and increase premium growth…bending the cost curve and creating competitive differentiation in a tightly contested industry.

Insured 40

Insured Insurance Insurer Risk 40

InsuredMine

MAY 2, 2024

Can you imagine a world where your car could automatically adjust your insurance premium based on how safely you drive? Automation and efficiency APIs can automate various processes within the insurance value chain, such as underwriting, policy issuance, claims processing, and risk assessment.

Insured 52

Insured Insurance Insurer Insurance Industry 52