Results included a core operating income rounding out to $1.65 billion and underwriting income reaching $1.27 billion. 

Today, we are making great strides in leveraging technologies like machine learning and artificial intelligence (AI), which are being implemented alongside the OED standard to amplify the benefits to organizations.

Construction insurance pricing is being impacted by several risks of note that underwriters must review.

The four issues they were most excited about were new products and services; automation and the use of AI for improving underwriting performance; new data sources; and ESG considerations.

Like many professional organizations, the CPCU Society has been challenged in recent years by a decreasing membership base. The president-elect of the Society’s leadership council has some ideas on how to reverse that trend.

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

Market conditions have made insurance a key financial tool for private equity firms navigating today’s ever-changing risk landscape.

Berkshire Hathaway Specialty Insurance stepped up to help insure pop-up COVID clinics, playing a small but critical role in battling the pandemic.

As the world is met with a debilitating pandemic and catastrophic climate events, the insurance industry can serve as a solution to sustainability.

Professional liability, health care and casualty are the three primary underwriting focuses of Bowhead Specialty, founded by serial insurance entrepreneur Stephen Sills.

Technology errors and omissions, product liability and false arrest are just a few of the risks posed by biometric technology.

Cyber coverage specificity is lacking. Brokers, insureds and carriers face a mandate to communicate clearly and craft appropriate coverage.

Mosaic launches a transactional liability underwriting team in the U.S., IGI announces European subsidiary and Towerstone acquires PLUS, Inc.

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.

If a Thai restaurant in a rural village in England requires 12 or more cameras to monitor guests, what sort of culture are we building anyway?

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. 

Nonprofit management liability veteran Keith Freid talks to Risk & Insurance about trends in underwriting the sector.

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.