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| | | | | | | Raise your AI IQ | | | | Artificial intelligence is poised to revolutionize small commercial underwriting. Learn how AI creates valuable insights, AI model challenges, and what comes next. | | | | | | | | Verisk | | |
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| Today's Headlines | May 31, 2022 |
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| With cyber risk capital currently constrained, the insurance sector will ultimately need to look to the alternative capital markets if it is going to address the significant peak risks in this class of business. In order to attract more capital into the primary market, and to leverage growing investor interest in ILS market support for... read more |
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| Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020, but the industry turned in a $3.8 billion underwriting loss in 2021. The P/C industry had posted a $5.2 billion underwriting gain in 2020. But in 2021, earned premium growth of 7.4 percent to $685 billion was offset... read more |
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| AM Best reported Friday that first-quarter net underwriting income for the U.S. property/casualty industry rose 4.6 percent to $3.3 billion. Explaining the result, AM Best said that a 10.5 percent jump in net earned premiums and a 39.7 percent drop in policyholder dividends more than offset increases in incurred losses and underwriting expenses. This preliminary... read more |
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| Florida Gov. Ron DeSantis signed property insurance and condominium maintenance reform legislation into law Thursday, putting an exclamation point on a whirlwind of lawmaking that began just a week ago when the bills were drafted and filed. "This package represents the most significant reforms to Florida's homeowners insurance market in a generation," DeSantis said in... read more |
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| Verizon released its 15th annual report on data breaches last week, finding that ransomware attacks increased by 13 percent in a single year—representing a jump greater than the prior five years combined. The Verizon Business 2022 Data Breach Investigations Report (2022 DBIR) includes an analysis of 23,896 security incidents, including 5,212 confirmed data breaches, with... read more |
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| India's Digit Insurance, backed by Canadian billionaire Prem Watsa's Fairfax Group, is considering raising about $500 million in an initial public offering at a valuation of $4.5 billion to $5 billion, three people aware of the matter told Reuters. Founded in 2017, Digit is trying to capitalize on India's under-penetrated general insurance market along with... read more |
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| Something weird is up with La Nina, the natural but potent weather event linked to more drought and wildfires in the western United States and more Atlantic hurricanes. It's becoming the nation's unwanted weather guest and meteorologists said the West's megadrought won't go away until La Nina does. The current double-dip La Nina set a... read more |
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| A.I. Detects Fraudulent $13,000 Pizza Oven, Saves 30 Minutes per Claim. IAG ...
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| Trampoline detected. Patio extended. New vehicle identified. This whitepaper ...
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| According to the FBI, the insurance industry loses $40 billion per year to ...
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| As the world has turned digital, technological business solutions continue ...
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| Automation is essential to the insurance industry's digital transformation ...
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