News
Insurance
One of the top priorities of the Reinsurance Association of America (RAA) over the next 12 months will be working with state regulators to ensure the bilateral covered agreement on insurance and reinsurance between the EU and the US, signed in 2017, is implemented by all states before the five-year deadline is reached. 20 October 2019
Insurance
Concern in the US casualty market that pricing hikes are not enough to cover some of the increases in loss costs is causing an element of fear in the market and could mean further upward pressure on rates. 20 October 2019
Insurance
Erosion of contract certainty and risk-based pricing norms are the biggest worries for APCIA members
The US insurance industry is grappling with the significant erosion of contract certainty because of substantial challenges facing legal due process and other judicial norms, increasing litigation and ever more “nuclear” verdicts; this issue has become the number one priority of members of the American Property Casualty Insurance Association (APCIA). 20 October 2019
Insurance
US insurers face a unique set of challenges as they consider their growth strategies. Tom Hettinger of Guy Carpenter explains his company’s innovative tool GC Mosaic which helps clients make better growth decisions based on analytics and real data, to Intelligent Insurer. 18 October 2019
Insurance
Insurers’ pricing has picked up in 2019, and this will continue into 2020, as companies look to address recent weak profitability, according to the insurance analyst team at RBC Markets 18 October 2019
Insurance
Beyontec, a global technology solutions provider for the insurance industry, has introduced a shrink-wrapped version of its core insurance solution – the Beyontec Suite - for non-standard auto Managing General Agents (MGAs). 17 October 2019
Insurance
Cowbell Cyber, a start-up focused on artificial intelligence (AI)-powered cyber insurance for small to mid-sized enterprises, has appointed David Miles, co-founder and managing partner at ManchesterStory Group and Varun Badhwar, senior vice president of products, Prisma cloud, at Palo Alto Networks, to its board of directors. 16 October 2019
Insurance
Modest core underwriting margin expansion is expected in the domestic P&C insurance industry according to Keefe, Bruyette & Woods (KBW) analysts’ newly released 2Q19 P&C Industry Results report. They have updated their domestic P&C insurance industry earnings model with ISO’s recently published 2Q19 results. 15 October 2019
Alternative Risk Transfer
ILS investors have been battered by a series of trials in recent years including losses, loss creep, trapped capital and disappointing rate increases. Some may have paused for thought, but there is no sign of the majority walking away yet. Intelligent Insurer reports. 15 October 2019
Insurance
Research organisation Gartner has given the Accenture Life Insurance & Annuity Platform (ALIP) the highest score in its digital user support use case in a new report, Critical Capabilities for Life Insurance Policy Administration Systems, North America. 15 October 2019
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