To Manage the Cycle Effectively, Focus on Underwriters’ Behavior November 14, 2024 By Tony Buckle and John Carolin Executive summary: When actual prices line up with technical prices, insurers expect underwriting profits to emerge. But what if underwriters...
Inflation Gauge Is Easing But Some of Biggest Expenses Are Left Out October 22, 2024 By Alex Tanzi Price pressures have eased substantially over the past two years, but a disconnect remains between what US inflation data show...
Global Commercial Insurance Prices Increase 11% in 4th Quarter 2019: Marsh February 12, 2020 Global average commercial insurance prices increased 11% in the fourth quarter of 2019, according to the Global Insurance Market Index...
A Response to Some Insurtech Claims, Part 3 August 30, 2017 By Patrick Wraight So far, we’ve dealt with two statements: We do good! It’ll just take a few seconds! This last statement is...
Connecticut Bans Use of Price Optimization in Insurance Rates December 4, 2015 By Young Ha Connecticut has joined the growing number of states that have banned or restricted the practice of “price optimization” in insurance...
Delaware Bans Use of Price Optimization in Insurance Pricing October 6, 2015 Delaware has issued a bulletin prohibiting the use of price optimization in insurance pricing. The Delaware Department of Insurance said...
Rhode Island Directs Insurers Using Price Optimization to Submit Revised Filings September 23, 2015 Rhode Island’s Insurance Division issued a bulletin on Sept. 18 advising that any personal lines property/casualty insurer that uses price...
District of Columbia Issues Price Optimization Ban Bulletin August 28, 2015 The District of Columbia’s Department of Insurance, Securities and Banking (DISB) this week issued a bulletin notifying property/casualty insurers doing...
Maine Issues Bulletin Prohibiting Use of Price Optimization August 26, 2015 Maine Insurance Superintendent Eric A. Cioppa stated in a bulletin published Monday that in Maine, personal lines property/casualty insurers that...
Pennsylvania Says Insurers Are Prohibited From Using Price Optimization August 24, 2015 Pennsylvania Insurance Commissioner Teresa Miller has issued an official notice warning the state’s insurers that they are prohibited from using...