Critical Information for P/C Carrier Executives
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| | | | | | | All of the data, every time | | | | ProMetrix now gives insurers a 100% fill rate for five core property attributes: building use, construction class, building age, number of stories, and area. | | | | | | | | Verisk | | |
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| Today's Headlines | February 4, 2021 |
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| Amazon distributes e-books on iPads. Samsung supplies smartphone screens to Apple. "Coopetition" is nothing new in the business world. In fact, new partnerships are constantly forming that ultimately end up being beneficial to both parties. So, it should be no surprise that digital insurance carriers—initially thought to signal the disruption of agents—are now seeing benefits... read more |
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| Insurers are increasingly using reserve transactions such as loss portfolio transfers and adverse development covers to liberate capital supporting past reserves and redirect it toward premium growth. Many recent transactions were specifically designed to maximize relief from rating agency or regulatory capital requirements. Such deals are not new, but they have become a mainstream tool... read more |
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| Approximately $11 billion of property cat bond limit was placed in 2020, the highest on record, according to a new Aon report that projects the growth momentum will continue in 2021. read more |
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| LeaseLock has raised $52 million in new venture funding from a roster of investors including Liberty Mutual and American Family Insurance. The California-based InsurTech provides nationwide lease insurance through its proprietary artificial intelligence-based platform, and plans to use the Series B financing to expand its reach. read more |
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| Argo Group International Holdings Ltd. estimates losses from fourth quarter 2020 natural catastrophes and the COVID-19 pandemic will hit $51 million. read more |
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| After reporting a combined ratio of 89 for the final quarter of 2020, Markel Corporation's co-chief executive officers believe a goal of a 90 combined for full-year 2021 is well within reach. "I feel like we're there," Richie Whitt, co-chief executive officer said, during an earnings conference on Wednesday, responding to an analyst who asked... read more |
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| Ping An Insurance Group Co of China Ltd , China's largest insurer by market value, on Wednesday reported its first annual fall in profit since 2008, as COVID shutdowns hampered business growth. read more |
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| Croatian insurers are reaping a windfall as residents rush to sign up for protection after two destructive earthquakes last year left them to rebuild without private coverage, the head of the country's industry association said. read more |
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| "Delivering payments immediately – to claimants and third-party providers – ...
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| It has never been more evident that traditional paradigms no longer serve the ...
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| For the Insurance industry, digital transformation has shifted from the 3 - 5 ...
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| "Managing agent licensing is a business-critical function for insurers and ...
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| Now more than ever, insurance carriers are interested in using data science to ...
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