AM Best’s Post

Read more: https://lnkd.in/eFER3Wqu Unprofitable results in the US private passenger auto and #homeowners/#farmowners market #insurance segments led to a second-straight year of net underwriting losses in the #property/#casualty (P/C) industry eclipsing $20 billion. #insuranceindustry #homeownersinsurance #farmownersinsurance #propertyinsurance #casualtyinsurance #privatepassengerauto

Discover the causes, consequences and ongoing implications of the MV Dali bridge collision in Baltimore. Learn more about the #insurance, #liability, and #regulatory responses to this incident from our P&I experts: https://bit.ly/3woQ4JE

📊 Loss ratios under the microscope! Check out the pure loss ratios from the 2022 Marketplace Report. Commercial Auto: 78%, Private Passenger Auto: 75%, Homeowners: 39%, and more! #Insurance #LossRatios #MarketAnalysis https://ow.ly/ZB0I50RevQ8

Read more: https://bit.ly/4ekyc3S The US #property/#casualty (P/C) industry recorded a $9.3 billion net underwriting gain in the first three months of 2024, a significant improvement from the $8.5 billion loss recorded in the same prior-year period. #insurance #propertyinsurance #casualtyinsurance #insuranceindustry

The US property/casualty industry recorded a $21.2 billion net underwriting loss in 2023, slightly improving upon the $24.9 billion loss recorded in the prior year. Learn more: https://lnkd.in/eiVvZX9c #insurance #propertyinsurance #insuranceindustry #casualty  Matthew Coppola

Read more: https://lnkd.in/e_5wpUD5 The US #property/#casualty (P/C) industry recorded a $9.3 billion net underwriting gain in the first three months of 2024, a significant improvement from the $8.5 billion loss recorded in the same prior-year period. #insurance #propertyinsurance #casualtyinsurance #insuranceindustry

The US #property/#casualty industry recorded a $32.2 billion net underwriting loss in the first nine months of 2023, $7.6 billion worse than the underwriting loss posted in the same prior-year period. Access here: https://bit.ly/3TgDO6U #insurance #propertyinsurance #insuranceindustry

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The overall P&C industry is forecast to finish 2023 with a net combined ratio at 102.2, nearly identical to the final 2022 result of 102.4. Poor personal lines underwriting performance is the key driver in both years, with personal auto forecast at 109.5 in 2023, according to the latest underwriting projections by the Insurance Information Institute and Milliman. Learn more: https://bit.ly/3Kqh9zP #insurance #propertycasualty #underwriting #economics Dr Michel Leonard Sean Kevelighan Dale Porfilio Jason Kurtz Donna L Glenn, FCAS, MAAA

Level-up your straight through processing (STP) to 95%+ for underwriting personal lines and automate decisions that are just too fine grained for rule engines. Analyze business logic for new products or market strategies and quickly assess profitability across your underwriting book. Accelerate your change cycle for rule changes by up to 80%. https://spns.pub/43wg2oX Gary Sherne, Jennifer Smith Jason Kozlowski, Annemarie Rankin Tony Novielli Megan Yarbrough Sapiens #lifeinsurance #insurance #insurtech