Credit Score Ban For Insurance Premium Calculation Leads To Massive Lawsuit

The American Property Casualty Insurance Association (APCIA) has filed a lawsuit against the regulator in Washington state over the ban against using credit scores for insurance premium calculation.
April 13, 2021 Legislation & Regulation Underwriting

The Key To The Future Of Mobility

For the past few decades, mobility innovation has trended in one direction: empowering the individual consumer. Google Maps and GPS have made navigation simple and paper maps obsolete, while rideshare apps offer options that traditional taxi services could not.
April 13, 2021 Underwriting

The Future Of Risk Mitigation: Connected Devices

As the world continues to invest in growing technology and the internet of things (IoT) evolves to offer more in the way of risk solutions, it’s no wonder that businesses and their risk teams are looking to utilize the capabilities offered.
April 9, 2021 Risk Management Technology Underwriting

Straight-Through Processing In 2021

Straight-through processing (STP) is becoming more common in insurance underwriting and claims, especially in personal lines, individual life and small commercial.
March 18, 2021 Technology Underwriting

Triple-I And Milliman Groundhog Day Report Projects Insurer Growth, Profits In 2021

A pandemic, civil unrest, and weather-related catastrophes impacted the U.S. property/casualty (P/C) insurance industry in 2020, but not to the extent that was originally feared.
February 4, 2021 Underwriting

Social Inflation; What Can Insurers Do About It?

A recent study by the Geneva Association on the topic of ‘social inflation’ addresses the challenges of defining and quantifying the phenomenon. More important, it takes on the question of what insurers and reinsurers can actually do about it.
January 27, 2021 Legislation & Regulation Liability Litigation Underwriting

Smartphones Can Help Reduce Driving Risk

This could be the year telematics driving data actually provides meaningful information — and change — to insurers and drivers alike, allowing risk to be underwritten more accurately, experts predict. To pull that off, smartphones will be a critical tool despite their drawbacks.
January 25, 2021 Auto Technology Underwriting

Travelers’ Q4 Net Income Rises To Record High Of $1.3B

The Travelers Companies, Inc. has today reported record net income of $1.3 billion for the fourth-quarter of 2020, driven by an improved underwriting gain, higher favourable reserve development and investment income, and a reduction in catastrophe losses.
January 22, 2021 Catastrophe Underwriting

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