Chaz Perera and his Roots Automation co-founder John Cottongim are using their experience within the insurance industry to address the challenges of unstructured data.

U.S. P&C insurers post dramatic $36.2 billion underwriting turnaround in first nine months of 2024, AM Best reports.

The discovery of vast stores of lithium in the U.S. heralds business opportunities for insurers; not without risk however.

Commercial auto insurers continue to face mounting losses and challenges, despite years of rate increases and underwriting initiatives, AM Best reports.

Ultimately, our philosophy is to work closely with experienced and influential clients, partner with multilateral agencies, and build a diversified portfolio to effectively manage political risk in emerging markets.

Rebounding from a $24 billion loss, the U.S. property & casualty insurance industry posted a $3.8 billion net underwriting gain in H1 2024.

CyberCube report predicts that over the next decade cyber will become a peak peril, driving growth of cyber insurance premiums, as well as demand for capital.

“A cyber event doesn’t hit the entire world at once; it starts in one spot and slowly spreads, much like a virus. However, it can be fought, just like your body fights a virus.”

Marsh reports that global commercial insurance rates remain flat in Q2 2024, while U.S. rate hikes moderated to 1%.

AM Best report shows that personal lines dragged down P&C underwriting results for 2023, overshadowing positive commercial lines results.

“It’s interesting to observe how quickly you can identify a serious student in the industry. From the very beginning, their curiosity and eagerness to learn stand out. They ask thoughtful questions, seeking to understand the intricacies of the business. Beyond just completing assigned tasks, they take the initiative to explore and absorb information from various sources.”

“While we still conduct traditional assessments, such as scanning internet-facing systems to identify vulnerabilities, we take it a step further by applying AI models to truly understand the risk. There’s a common misunderstanding in the market that security scans and scores are the same as risk ratings, but there’s a significant difference.”

Private flood insurance remains underutilized, but insurance envisions new technology to meet this misunderstood need.

Amidst a fast-changing and complex risk landscape, successful P&C insurers should embrace risk mitigation, predictive modeling and AI tools and technology, a Capgemini report.

Despite a 9.9% growth in net earned premiums, the US property/casualty industry reported a $21.2 billion underwriting loss in 2023, according to a report by AM Best.

Severe weather losses, reinsurance costs and persistent inflation drive U.S. P&C insurer results in 2023

Emerging risks are always in mind for underwriters, but reinventing the wheel is rarely necessary to give brokers and insureds the new types of security they seek.

In founding Archipelago, Hemant Shah sought to better empower “sellers of risk” so that when they dialogue with underwriters, they can present a clearer picture of their assets’ values and exposures.

As Kristina Talkowski settles into her new role as senior vice president of middle market commercial lines at Nationwide, she spoke with Risk & Insurance about how her career has been shaped, the biggest challenges she has faced and her plans for the future.

Aviation’s shift to sustainable fuels will depend on a diverse combination of strategies demanding major investment — including backing by insurance.