Property and Casualty Insurance Trends for 2025
The year 2024 has been a volatile one for P/C carriers, prompting many insurance professionals to speculate about what 2025 has in store. On a positive note, U.S. ...
Executive Viewpoint
Viewpoint: Legislative Action Is Needed Now to Reduce Wildfire Risk
Wildfires, once sporadic and isolated, have escalated into frequent and devastating events, impacting not only remote forested regions but also urban communities. This alarming trend is evident as ...
Viewpoint: Role of Private Flood Insurance Has Room to Grow With NFIP Instability
Back-to-back hurricane landfalls in the span of less than two weeks have placed flood insurance in a new light for many inside and outside of the insurance industry, if not front and center. Images ...
GenAI: Why Many Insurance Companies Are Getting It Wrong
Since November 2022 when OpenAI brought LLMs and GenAI to the broad public, I have discussed AI with more than 100 insurance companies, both big and small. Nearly every one of them has conducted at ...
Executive Viewpoint: Reason Over Rhetoric
Some environmental activists have turned to demanding insurers immediately stop underwriting and investing in fossil fuel projects, believing this will help solve climate ...
CEO Viewpoint: Leveraging AI to Combat Social Inflation in P/C Insurance
Social inflation is an ever-present concern in the property/casualty insurance industry, putting pressure on their reserve levels and overall financial stability. According to research from Swiss Re ...
How to Outperform: Don’t Outsource Underwriting; Manage Cycles
Executives of two property/casualty insurance organizations—Kinsale Insurance and the U.S. P/C operations of Arch Capital—shared their recipes for success with an analyst who crowned their ...
CEO Viewpoints: On Michigan, California and Litigation ‘Leeches’
"Michigan—not so great." The easy-to-overlook observation about insurance risk, delivered by Elizabeth Heck, chief executive officer of Greater New York Insurance Companies, during a panel ...
AI-Powered Insurance Product Development Is Going to Take Some Powering Through
No doubt, AI is a hot topic in the insurance world these days. It brings so many possibilities to make us more effective and efficient.
CEO Viewpoint: Predict and Prevent Just Makes Economic Sense
Last year, U.S. P/C insurers incurred a $21.2 billion net underwriting loss, only slightly improved from a $24.9 billion underwriting loss recorded in 2022. Roughly $65 ...