Rather than searching for permutations of claims characteristics in swathes of data, you tell the machine to look for claim cohorts that are experiencing unexpected development – and set it off to do the searching.
Are SPACs too new to underwrite? Some say they are not. Others urge caution as the special purpose acquisition companies are at minimum complex to underwrite
Professional liability, health care and casualty are the three primary underwriting focuses of Bowhead Specialty, founded by serial insurance entrepreneur Stephen Sills.
In May, London-based CFC Underwriting announced that it had named James Burns as head of cyber. Mr. Burns now heads a team of more than 50 underwriters who are devoted to underwriting cyber risk for large corporate clients and SMEs.
Perhaps not surprisingly, trusts and estate law are where malpractice claims seen to becoming more painful. It’s too soon to say how much of an impact on claims costs the pandemic will have.
Allied World’s Joyce Duarte talks to Risk & Insurance about opportunity within professional lines management and what risks are proving difficult for underwriters.
When professional services firms are sued by clients, the likelihood of an insurance claim increases when the client suffers a significant loss. Now’s the time to get a grip on the claims landscape and prepare risk management tools to assess and address exposures.
Social inflation caused by a rise in lawsuits brought against businesses and disproportionate nuclear jury verdicts have forced insurers to stump up multi-million dollar settlements.
The five trends detailed in the report are more regulatory clarity, increased adoption, growth of decentralized finance, surge in Bitcoin value, and more corporate transactions.
No pandemic can stop an underwriter from getting the job done. We celebrate many in the insurance industry this year as we continue to push through such a difficult time, all while aiming for success.