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The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within the insuranceindustry, with technology serving as a cornerstone for many of these operations. An AM Best survey of its …
property/casualty insuranceindustry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report. “After years of consistent losses, premium growth is helping the overall …
property/casualty insuranceindustry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report. “After years of consistent losses, premium growth is helping the overall …
P/C insuranceindustry overall in 2024, signifying a return to underwriting profitability for the first time since 2021. According to the analysis, private passenger auto insurance … S&P Global Market Intelligence is forecasting a combined ratio of 99.2 for the U.S.
P/C insuranceindustry overall in 2024, signifying a return to underwriting profitability for the first time since 2021. By Susanne Sclafane S&P Global Market Intelligence is forecasting a combined ratio of 99.2 for the U.S. According to the analysis, private …
A turnaround in the personal lines insurance segment results was a key driver of an overall $3.8 billion profit from underwriting for the U.S. property/casualty insuranceindustry, according to a new report from AM Best. Best’s Special Report, titled, “First …
In the insuranceindustry, managing general agents (MGAs), managing general underwriters (MGUs), and program administrators (PAs) fill a critical role in facilitating the distribution and administration of specialized insurance products. This post is part of a series sponsored by Dyad.
In today’s fast-paced insuranceindustry, precision in underwriting is not just a requirement—it’s a critical factor in maintaining competitiveness and ensuring profitability. As the insurance landscape continues to evolve, traditional … This post is part of a series sponsored by Selectsys.
In the fast-paced insuranceindustry, efficiency and accuracy are paramount. Real-time rating and quoting have emerged as game changers for underwriters, enabling them to provide quick and precise quotes that … This post is part of a series sponsored by Selectsys.
In the fast-paced insuranceindustry, efficiency and accuracy are paramount. Real-time rating and quoting have emerged as game changers for underwriters, enabling them to provide quick and precise quotes that … This post is part of a series sponsored by Selectsys.
With a “silver tsunami” of skilled underwriters eligible to retire in coming years and a shift in employee expectations, recruitment and retention is a critical focus for the insuranceindustry right now, said experts during a November webinar hosted by …
property/casualty insuranceindustry to post more than $100 billion of net income for 2024and that the biggest underwriting profits contributing to the figure will come from units of Berkshire Hathaway and Progressive. S&P Global Market Intelligence expects the U.S. The …
property/casualty insuranceindustry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property Casualty Insurance Association (APCIA). The global …
Brooks Insurance hired Tiffani Ann Garabedian as senior vice president of underwriting. Garabedian has nearly 20 years of insuranceindustry experience, most recently serving as a territory manager with Nationwide for the Northeast region. Garabedian is based in Los Angeles.
property/casualty insuranceindustry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property Casualty Insurance Association (APCIA). The global …
The “gap is closing” between commercial lines and personal lines underwriting results as the insuranceindustry overall is expected to continue its run of premium growth and improved underwriting results over the next 2 years. According to a report from …
In today’s digital age, Application Programming Interfaces (APIs) have become essential tools for businesses across various industries, including insurance. Benefits of APIs in the InsuranceIndustry APIs offer numerous benefits to the insuranceindustry, enhancing efficiency, customer experience, and data management.
Insuranceindustry rating analysts from AM Best warn recent softer pricing for directors and officers coverage could begin to affect insurers’ underwriting results. AM Best noted renewal premium for monoline D&O liability continued to fall during the first three months …
The Florida Surplus Lines Association, which notes it provides a safety valve for Florida’s property insuranceindustry, named new officers for 2024-2025 at its recent annual convention in Tampa. President: Virginia Clancy, TAPCO Underwriters President-elect: Albert Geraci, Risk Placement Services …
When the InsurTech experiment began a decade ago, it took some time for insurers, investors, and the industry to sort it all out. In many ways, though, Insurtech’s relationship to the insurance business is still evolving. That is not necessarily how the insurance and the reinsurance industry is perceived.
In the ever-evolving insuranceindustry, data analysis has become a cornerstone of the underwriting process. By leveraging data, underwriters can make more informed decisions, assess risks more accurately, and improve … This post is part of a series sponsored by Selectsys.
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) …
During that time we have assisted thousands of claimants with their claims, and introduced world leading online services that take the lessons learned from claims, and use them to assist brokers and underwriters be better at their job, and to move the emphasis from price to protection.
Artificial Intelligence has the potential to benefit both insurance professionals and consumers, says Doug Marquis, chief technology officer at Zywave. Insurance is often regarded as a necessary evil by consumers a boring grudge purchase to protect themselves against an unfortunate event that may never happen.
Attending insurance conferences is a strategic move for any professional in the insuranceindustry, whether you are an established agent or new to the field. For insurance professionals looking to advance their careers, attending conferences with a clear game plan is vital. Why Attend Insurance Conferences?
In the competitive insuranceindustry, Wholesalers, MGAs, and Brokers are always seeking ways to streamline operations, integrate new technology with legacy systems, and provide faster, more accurate service to their … This post is part of a series sponsored by Selectsys.
Recruitment: The Backbone of the InsuranceIndustryInsurance recruiting is more than a necessity—it’s a strategy. But insurance recruiting isn’t without challenges. Executive recruiters leverage an extensive network of industry professionals, ensuring you access the best talent available. The solution?
Filling senior-level roles in the insuranceindustry requires more than just sourcing resumes—it demands precision, industry knowledge, and a focus on long-term success. That’s where partnering with an insurance executive search firm comes into play. Why Work with an Insurance Executive Search Firm?
USG Insurance Services, Inc. Francis, based in Alpine, California, entered the insuranceindustry eight years ago. She most recently served as a renewal garage underwriter with Risk Placement … hired Tiffany Francis as an associate producer/broker with their garage division team.
Meister has more than 36 years of experience in the insuranceindustry, including underwriting leadership, program management and broker … Meister Joins Sertis as SVP, Distribution Partnerships Sertis, headquartered in Reno, Nevada, appointed Kurt Meister as senior vice president, distribution partnerships.
The business value of intelligent, AI-powered underwriting solutions, business processes and operating models is driving operational efficiencies, productivity, and profitability. As reflected in Majesco’s 2022 Strategic Priorities Research , 25-30% of insurers have implemented a digital underwriting workbench.
property and casualty insuranceindustry 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
The global economy is increasingly interconnected, and even in industries like insurance, global issues like supply chain challenges, tariffs, and trade agreements can have significant impacts. While the relationship between tariffs and insurance costs can seem unrelated, tariffs can increase costs for insurers and policyholders.
Educational events bring industry expertise from around the globe, facilitate networking Leading insurtech provider Zywave has announced its lineup of acclaimed insuranceindustry thought leadership events for 2025. This conference will offer discussion on ways to increase insurance sales and foster organic growth.
As we wrap up 2021, it seems appropriate to revisit predictions we made for the insuranceindustry this year. I put forward my hypotheses last December in my post, 5 predictions for the insuranceindustry in 2021. Let’s see how those predictions held up. 1.
By William Nibbelin, Senior Research Actuary, Triple-I The workers compensation insuranceindustry 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.
In the rapidly evolving insuranceindustry, APIs are becoming indispensable tools for agencies looking to streamline their workflows, incorporate data, improve efficiency, and deliver superior customer experiences. Zywaves APIs can serve many industries outside of the insurance agency.
Navigating the insurance landscape can be challenging for insurance agency owners. From understanding various acronyms and abbreviations like IMO, FMO, and MGA, to managing relationships with insurance carriers, there is a lot to consider. Frequently Asked Questions What is an IMO in insurance? Yes, I need an IMO!
In those instances where the case submitted isn’t as black and white as one would hope, a well thought out cover letter inclusive of case details will aid in the underwriting process. We worked with our underwriters at Lincoln Financial to provide some guidelines
May 11, 2024 10:44:08 AM Contact Us Are you interested in becoming a life insurance agent? Discover the steps to kickstart your career in this rewarding industry. Life insurance agents play a crucial role in educating clients about the importance of life insurance and the various options available.
Ready to boost your expertise in Hotel Primary Insurance? If you missed our recent 30-minute webinar, “Hotel Primary Insurance: A Check-In to Success for Insurance Brokers,” don’t worry. Hear from industry experts as they discuss critical differences in Hotel Primary policies and key risks to consider.
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