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Analysis: Underwriting Loss Estimates Highlight Ongoing Challenges for US P/C Industry

Jun 14 2024 // The U.S. property/casualty market sustained an estimated $21.1 billion in underwriting losses in 2023, highlighting the challenges the industry faces as a result of natural catastrophes and inflation. According to joint...

P/C Insurers Record $9.3 Billion Q1 Underwriting Gain: AM Best

Jun 12 2024 // The U.S. property/casualty industry recorded a $9.3 billion net underwriting gain in the first three months of 2024, according to a recently published AM Best report. The gain marks a reversal of an $8.5 billion loss...

P/C Insurers Slow to Achieve Analytics Ambitions: Survey

Jun 5 2024 // Just under half of property/casualty insurers recently surveyed by WTW say they plan to incorporate artificial intelligence into their analytics (49%), but most have yet to bring “traditional” analytics into...

CIAB: Commercial P/C Premiums Increase 7.7% in Q1 2024

Jun 3 2024 // Overall commercial property/casualty premiums increased slightly for all account sizes to 7.7% on average in the first quarter 2024, according to The Council of Insurance Agents and Brokers’ Q1 Market Survey. With...

US P/C Insurers Hit Record Investment Income in 2023

May 31 2024 // The U.S. property/casualty insurance segment’s net investment income hit a record $73.9 billion in 2023, bolstered by the higher interest rate environment, according to a new AM Best report. The Best’s Special...

People Moves: Ryan Hired to Head Hyperexponential US P/C; Carnes Named Nationwide’s Chief Pet Officer

May 29 2024 // Insurtech hyperexponential has hired Risa Ryan as head of US P/C. Risa was most recently chief underwriting officer at Sompo International. She will be based in New York. She has over 25 years of industry experience,...

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