Insurance Journal

DECEMBER 1, 2024

commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best report indicates further deterioration in the first half of 2024. Despite targeted underwriting initiatives, including raising premiums to match the rising … After the U.S.

Commercial 130

Commercial Auto Insurance Underwriting Underwriter 130

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. points year-over-year improvement, with commercial lines continuing to outperform personal lines. represented a 2.3-points

Commercial 68

Commercial Underwriting Underwriter General Liability 68

Triple-I: Business Insurance

OCTOBER 25, 2024

The commercial auto insurance line has struggled to achieve underwriting profitability for years, even before the inflationary conditions that have been affecting property/casualty lines more recently. This trend has been accompanied by steady growth in net written premiums (NWP).

Underwriting 52

Underwriting Underwriter Commercial Auto Insurance 52

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 Underwriter Underwriting Insurance Broker 105

Protect Commercial Insurance

DECEMBER 6, 2024

Introduction The world of commercial insurance is constantly evolving, adapting to meet the changing needs of businesses. Whether you’re a small business owner, an industry leader, or just curious about the future, understanding these key trends will be essential in navigating the commercial insurance world.

Commercial Insurance 52

Commercial Insurance Commercial Insurer Insured 52

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.

Underwriting 40

Underwriting Underwriter Workers Compensation Premium 40

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 103

Insurance Agency Building Insurer Insured 103

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 Insurer 52

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 Insurer 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 Insurer 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.

Insurer 52

Insurer Insured Insurance Premium 52

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

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!

Insurer 52

Insurer Insured 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 Insurer Insured 52

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

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 Underwriter Underwriting Insurer 40

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 Insurer 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.

Insurer 52

Insurer Insured Insurance 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

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.

Insurer 52

Insurer Insured Insurance Insurance Industry 52

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 Insurer Insured 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.

Insurer 40

Insurer Insured Insurance Risk 40