U.S. property and casualty insurers rebound with $22.9 billion underwriting gain, marking dramatic turnaround from 2023 losses, AM Best reports.

QBE’s Matt Westhoff discusses the recent profitability in E&S and what he looks for in potential hires, among other topics.

These days, cocktail napkins are just cocktail napkins, not the foundation for penning an insurance contract.

Despite a $2.6 billion net underwriting loss in 2024, P&C insurers show resilience through rate increases and investment gains, AM Best reports.

Surplus lines market shows robust growth in number of transactions and premium volume as complex risks drive demand, the Wholesale & Specialty Insurance Association reports.

Jean-Christophe Garaix of Liberty Mutual Reinsurance talks to editor Dan Reynolds about the evolution of parametric insurance covers.

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.