Private U.S. property/casualty insurers saw a $5.6 billion net underwriting loss in the first nine months of 2021, as non-catastrophe losses returned to pre-pandemic levels, according to a report by Verisk, a leading global data analytics provider, and the American Property Casualty Insurance Association (APCIA). Direct losses for personal auto liability increased 14.1% in nine… Continue reading P&C Insurers See $5.6B Net Underwriting Loss in Nine Months 2021
Tag: insurance analytics
Use of Increasingly Advanced Analytics May Present A Crucial Way for P&C Insurers to Unlock Tangible Value
The latest sigma report from the Swiss Re Institute, “Advanced analytics: unlocking new frontiers in P&C insurance”, suggests that technology advances are enabling P&C insurers to unlock new frontiers in risk assessment and mitigation thanks to advanced analytics. Past successes that focused on improving expense ratios have catalyzed new investment with pilots by insurers showing… Continue reading Use of Increasingly Advanced Analytics May Present A Crucial Way for P&C Insurers to Unlock Tangible Value
New Space Partnership Highlights Growing Reach of Insurance Industry
When it comes to situational awareness for insurance purposes, it’s hard to beat a satellite in Earth orbit. With this in mind, insurance analytics provider Concirrus paired up with space-to-cloud analytics company Spire Global in a deal announced Tuesday. Spire’s 100-plus satellites cover just about any point above Earth, blanketing the planet in radio frequency… Continue reading New Space Partnership Highlights Growing Reach of Insurance Industry