IVANS®, a division of Applied Systems®, today announced the results for Q4 and year-end 2019 IVANS Index™, the insurance industry’s premium renewal rate index. Q4 results showed an increase premium renewal rate change average across Commercial Auto, Business Owner’s Policy, General Liability, Umbrella, and Commercial Property compared to Q3; however, Workers’ Compensation average premium renewal… Continue reading Insurance Renewals Experience Uptick Across Nearly All Major Commercial Lines Products
Tag: Workers’ Compensation
Premium Renewal Rates Continue Upward Trend Across Half of Commercial Products
IVANS®, a division of Applied Systems®, today announced the October results of the IVANS Index™, the insurance industry’s premium renewal rate index. Year over year, all lines of business, except Workers’ Compensation, experienced an increase in average premium renewal rate. Month over month, October experienced an uptick in premium renewal rate change across half of… Continue reading Premium Renewal Rates Continue Upward Trend Across Half of Commercial Products
Next Insurance Raises $250 Million from Munich Re
Reinsurance company Munich Re AG has invested $250 million in Next Insurance Inc. in a funding round that valued the small-business insurance provider at more than $1 billion. Munich Re was the sole investor in the Palo Alto, Calif.-based company’s Series C round. Next Insurance offers general liability, professional liability, workers’ compensation and other types… Continue reading Next Insurance Raises $250 Million from Munich Re
WTW and Sompo Global Risk Solutions Launch Insurance Platform for Middle Market Commercial Real Estate Firms
Willis Towers Watson, a leading global advisory, broking and solutions company, announces that it has entered into a strategic partnership with Sompo Global Risk Solutions (GRS) to create an integrated insurance platform to serve the needs of the middle market commercial real estate segment. The Willis Towers Watson Retail, Office and Industrial (ROI) platform offers… Continue reading WTW and Sompo Global Risk Solutions Launch Insurance Platform for Middle Market Commercial Real Estate Firms
Premium Renewal Rates Experience Upward Trend Across Nearly All Major Commercial Lines: IVANS
IVANS®, a division of Applied Systems®, today announced the August results of the IVANS Index™, the insurance industry’s premium renewal rate index. Month over month, August experienced an uptick across nearly all of the commercial lines products, except Business Owners Policy which experienced a slight negative change. Year over year, all lines of business experienced… Continue reading Premium Renewal Rates Experience Upward Trend Across Nearly All Major Commercial Lines: IVANS
Sage Program Underwriters Launches Workers’ Comp Program for Shooting Sports Industry
Sage Program Underwriters, based in San Diego, CA and Bend, Oregon, recently announced its launch of a new national Workers’ Compensation program designed for the shooting sports industry. An avid shooter, Sage Founder Chuck Holdren understands the shooting sports sector very well and created this first of its kind national Workers Comp program for the… Continue reading Sage Program Underwriters Launches Workers’ Comp Program for Shooting Sports Industry
Premium Renewal Rates Experience Changes Across All Major Commercial Lines of Business
IVANS®, a division of Applied Systems®, today announced the April results of the IVANS Index™, the insurance industry’s premium renewal rate index. Month over month, the results showed varied change in premium renewal rates, specifically, General Liability, Umbrella and Workers’ Compensation experienced an uptick in rate, and Commercial Auto, BOP and Commercial Property experienced a… Continue reading Premium Renewal Rates Experience Changes Across All Major Commercial Lines of Business
ILS Growth to $93B in 2018 Bodes Well for A Continued Healthy Market: Willis Re
Growth of the ILS market continued in 2018, to reach $93 billion of outstanding non-life capital, despite a slow-down during the final quarter of the year, according to the new ILS Market Update from Willis Re, the reinsurance division of Willis Towers Watson, the leading global advisory, broking and solutions company. In the face of… Continue reading ILS Growth to $93B in 2018 Bodes Well for A Continued Healthy Market: Willis Re
Employers Need to Be Ready for the Feb. 1 OSHA Reporting Deadline
The deadline for employers to prepare, certify and post a hard copy of their 300A annual summary of injuries and illnesses report in their workplaces for employees to see is Feb. 1—unless the business is excluded because it has fewer than 10 employees or are on a list of low-hazard industries, such as dental offices,… Continue reading Employers Need to Be Ready for the Feb. 1 OSHA Reporting Deadline
Amerisafe Set to Grow on Its Niche in High-Hazard Insurance
Amerisafe Inc. has 32 years of operating history to its credit as a specialty provider of workers’ compensation insurance for small to midsize employers engaged in high-hazard industries. The line of business that the insurer follows has been profitable because it brings to the company higher premium owing to inherent workplace dangers associated with such… Continue reading Amerisafe Set to Grow on Its Niche in High-Hazard Insurance