Economic & Actuarial Analyses Ensure Our “Best Pick Is Our Last Pick” By Lewis Nibbelin, Guest Blogger for Triple-I Insurance underwriting and pricing require a clear view of loss experience and reliable economic projections. Today’s dynamic environment – marked by historically high inflation, climate-related risks, and regulatory constraints that vary widely by state – complicate […]
P/C Underwriting Profitability Remainsat Least a Year Away
P/C Underwriting Profitability Remainsat Least a Year AwayBy Max Dorfman, Research Writer, Triple-I The property/casualty insurance industry is expected to achieve underwriting profitability in 2025, according to the latest research from the Triple-I and Milliman, a collaborating partner. The report, Insurance Economics and Underwriting Projections: A Forward View, which was presented at a members-only webinar […]
Reinsurance Buyers See More Balanced Market at July 1 Renewals: Gallagher Re
Reinsurance Buyers See More Balanced Market at July 1 Renewals: Gallagher ReReinsurers experienced near-record returns in 2023, and continued to post strong results in the first quarter of 2024, with up to a 12% improvement in combined loss ratios, according to Gallagher Re’s 1st View report. The report attributes these positive outcomes to several factors, […]
Auto Insurers’ Performance Improves, But Don’t Expect Rates to Flatten Soon
Auto Insurers’ Performance Improves, But Don’t Expect Rates to Flatten Soon Several metrics that influence auto insurance premium rates are starting to improve, but it will take time for these improvements to be reflected in flattening rates, according to a recent Triple-I Issues Brief. Direct premiums written and underwriting profitability improved dramatically in 2023. Additionally, […]
Personal Auto Line Propels Strong 1QP&C Insurance Results
Personal Auto Line Propels Strong 1QP&C Insurance Results Strong improvements in personal auto insurance results helped drive the U.S. property and casualty insurance industry to its second-highest net underwriting gain in any quarter since at least 2000, according to an S&P Global Market Intelligence analysis. Just 12 months from its worst-on-record start to a calendar […]
Triple-I/Milliman: Personal Lines Dragon Underwriting Profitability Continues
Triple-I/Milliman: Personal Lines Dragon Underwriting Profitability ContinuesBy Max Dorfman, Research Writer, Triple-I The property and casualty insurance industry posted its second consecutive year of underwriting losses, driven primarily by personal lines, according to the latest industry underwriting projections by actuaries at Triple-I and Milliman. The net combined ratio for 2023 was 101.6, according to Insurance Economics […]
Calif. Risk/Regulatory Environment Highlights Role of Risk-Based Pricing
Calif. Risk/Regulatory Environment Highlights Role of Risk-Based Pricing Even as California moves to address regulatory obstacles to fair, actuarially sound insurance underwriting and pricing, the state’s risk profile continues to evolve in ways that underscore the importance of risk-based insurance pricing and investment in mitigation and resilience. Triple-I’s latest “State of the Risk” Issues Brief […]
Triple-I/Milliman:Severe Convective Storms Restrain P&C Growth
Triple-I/Milliman:Severe Convective Storms Restrain P&C Growth By Max Dorfman, Research Writer, Triple-I Severe convective storm losses drove adverse results in 2023 underwriting profitability for the property/casualty industry, according to the latest projections by actuaries at the Triple-I and Milliman. The quarterly report, Insurance Economics and Underwriting Projections: A Forward View, which was presented on […]