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AM Best: Nonstandard Auto Insurers Aim for Improved Underwriting Results

Standard and nonstandard auto insurers are challenged by higher repair costs, labor and supply chain issues, and rising fatalities, said AM Best Asso…

2 years, 10 months ago

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AM Best: US Personal Auto Results Worsen as Claims Severity Rises

The direct incurred loss ratio for the first half of 2023 was more than three points above the prior year despite a 10.5% rise in premiums, said AM B…

2 years, 10 months ago

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Allianz: Ransomware Attacks Rose 143% in First Quarter

Tresa Stephens, North American Head of Cyber for Allianz, details a new company report that looks at trends in cybersecurity. Trends show an increase…

2 years, 10 months ago

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Gallagher Re's Gammoh: Insurers Can Access a Range of Capital Management Tools

Shireen Gammoh, global head of capital advisory and modeling, Gallagher Re, said insurers must consider volatility and tools to protect capital segme…

2 years, 10 months ago

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Swiss Re's Parker: Insurance Investors Raise Expectations

Cameron Parker, head of P/C structured solutions, EMEA, Swiss Re, said investor appetite has shifted in search of higher returns. The insurance indus…

2 years, 10 months ago

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PwC's Moore: Capital Management Has Again Come to the Fore

Andy Moore, London Market leader and UK insurance regulatory leader, PwC, said higher rates and increasingly complex, interconnected risks require in…

2 years, 10 months ago

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Beazley's Cox: Insurers Can Help Clients Meet Climate Risks

Adrian Cox, chief executive officer, Beazley, said the role of insurance extends beyond just pricing risk; it includes providing insight, risk manage…

2 years, 10 months ago

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AM Best: Methodology Enhancements Cover Holding Companies, Regulation, Capital Management

Kanika Thukral and Michael Dunckley, both associate directors, AM Best, also review changes to AM Best's holding company capital methodology. Both sp…

2 years, 10 months ago

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AM Best: Insurers Adopting IFRS 17 Will See Changes

Tony Silverman, director, credit rating criteria, research & analytics, AM Best, said combined ratios in non-life insurance will change, improving th…

2 years, 10 months ago

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AM Best: Global Insurance Market Has Shifted, Faces Multiple Economic and Systemic Risks

Mahesh Mistry and Angela Yeo, both senior directors and heads of analytics, AM Best, said global insurers face scenarios of polycrisis and permacrisi…

2 years, 10 months ago

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