Remove Compensation Remove Insurance Industry Remove Underwriting
article thumbnail

Workers Comp Premium, Loss, Market Trends Support Its Ongoing Success

Triple-I: Workers Compensation

By William Nibbelin, Senior Research Actuary, Triple-I The workers compensation insurance industry experienced its second-best underwriting result in the past 20 years in 2023, with a net combined ratio of 87, according to Triple-Is latest Issues Brief. A combined ratio under 100 indicates a profit.

article thumbnail

Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines

Triple-I: Homeowners Insurance

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. The industry’s estimated net combined ratio of 99.4 The industry’s estimated net combined ratio of 99.4

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Maximizing Your Partnership with a Headhunter for Insurance Executive Recruitment

Redbird Agents

Filling senior-level roles in the insurance industry requires more than just sourcing resumes—it demands precision, industry knowledge, and a focus on long-term success. For example, if the role is in underwriting, highlight the necessary actuarial knowledge and familiarity with reinsurance.

Insurer 130
article thumbnail

Emerging Property Insurance Trends 2024

Property Insurance Centre

Emerging Property Insurance Trends 2024 Welcome to our guide on emerging trends in the property insurance industry. As we dive into the evolving landscape of property insurance, it’s important to stay informed about the latest trends and challenges affecting the market.

article thumbnail

Cannabis Industry Prospects Brighten;Risks, Challenges Remain

Triple-I: Workers Compensation

Similar federal “safe harbor” legislation for the insurance industry – the Clarifying Law Around Insurance of Marijuana Act (CLAIM Act) – was introduced last month. Does workers compensation cover a workplace accident in which the injured employee tested positive for marijuana?

Risk 40
article thumbnail

Insurers, Start Your Engines: Your Journey to an Intelligent GenAI Future

Majesco

Integrating AI allows these teams to achieve high precision and efficiency, similar to its impact on the insurance industry. By integrating AI into their core processes, professional racing teams can achieve unprecedented levels of precision and efficiency, mirroring the transformative impact AI has on the insurance industry.

Insurer 40
article thumbnail

Why Finding Homeowners Insurance in California is So Challenging in 2024:

Jackson & Jackson

One important aspect of homeowners insurance is that it not only protects the physical structure of the home but also extends coverage to personal belongings inside the property. Furthermore, technological advancements have also played a role in shaping the insurance industry.

Insurer 52