'There is no doubt that climate change increases volatility, frequency and also severity,' says senior di...
Pure reports ‘higher-than-expected underwriting losses' with 2023 CoR of 102.2%
The HNW carrier will launch in Canada this year, starting with Ontario....
The HNW carrier will launch in Canada this year, starting with Ontario....
Article / 6 days ago
Time-Tested Loss Reserving Methods Challenged: AM Best
Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve strengthening for accident years 2015-2019 to continue, the...
Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve strengthening for accident years 2015-2019 to continue, the...
Article / 7 days ago
Q1 Preview: Absence of bad news is not necessarily good news
Light cat losses, reserve development, and pricing trends are key topics in Q1....
Light cat losses, reserve development, and pricing trends are key topics in Q1....
Article / 8 days ago
Taiwan Property Insurers Likely to Remain Profitable Despite Quake Losses: GlobalData
The 7.2 magnitude earthquake that struck Taiwan's east coast on April 3 caused substantial damage, particularly in Hualien with collapsed buildings and...
The 7.2 magnitude earthquake that struck Taiwan's east coast on April 3 caused substantial damage, particularly in Hualien with collapsed buildings and...
Article / 19 days ago
Hannover Re looking ahead with confidence after successful 2023
Global reinsurance company Hannover Re has reported that large losses fell within budget at EUR 1.6 billion for 2023, as the firm's property and casualty...
Global reinsurance company Hannover Re has reported that large losses fell within budget at EUR 1.6 billion for 2023, as the firm's property and casualty...
Article / 1 month ago
March CPI: Same story, different day?
Premium inflation holds, as loss-cost inflation trends continue to moderate. In our recent notes, we analyzed the industry's 2023 statutory financial data, as well as the rate filings of 2024 thus far....
Premium inflation holds, as loss-cost inflation trends continue to moderate. In our recent notes, we analyzed the industry's 2023 statutory financial data, as well as the rate filings of 2024 thus far....
Article / 1 month ago
What Western Canada's deep freeze cost insurers - Canadian Underwriter
Canada's property and casualty insurers rang in 2024 by paying out $180 million to repair damage caused by Western Canada's deep freeze in mid-January....
Canada's property and casualty insurers rang in 2024 by paying out $180 million to repair damage caused by Western Canada's deep freeze in mid-January....
canadianunderwriter.ca /
Article / 1 month ago
U.S. P/C Industry Underwriting Loss Reaches 10-Year High: AM Best
AM Best published its annual tally of U.S. property/casualty insurance industry’s financial results yesterday, reporting that $38 billion of underwriting losses for 2023 was a 10-year high for the sector.
AM Best published its annual tally of U.S. property/casualty insurance industry’s financial results yesterday, reporting that $38 billion of underwriting losses for 2023 was a 10-year high for the sector.
Article / 2 months ago
A look back at nine-month loss reserve data as earnings wrap up
How have loss picks fared over time for YTD 23 and 22? As earnings season gets closer to wrapping up, for companies with any commercial...
How have loss picks fared over time for YTD 23 and 22? As earnings season gets closer to wrapping up, for companies with any commercial...
Article / 2 months ago
Japan property insurance to remain profitable despite earthquake - Life Insurance International
The property insurance market in Japan is likely to survive despite losses following the 7.6 magnitude earthquake that struck the Noto Peninsula on 1 January 2024.
The property insurance market in Japan is likely to survive despite losses following the 7.6 magnitude earthquake that struck the Noto Peninsula on 1 January 2024.
lifeinsuranceinternational.com /
Article / 2 months ago
