After a decade of profitability, the US workers’ compensation insurance market faces new risks, requiring disciplined underwriting to maintain stability.
With high inflation, climate risks, and varying state regulations, insurance underwriting and pricing rely more than ever on accurate loss projections and economic forecasts.
Higher accident rates and steeper repair costs for EVs are creating challenges for insurers trying to maintain underwriting profitability in this burgeoning market, according to a new report from the Swiss Re Institute.
At RISKWORLD 2024, Jeff Canfield of Ascot explores the potential of AI in underwriting, Ascot’s data-driven deal selection, and their approach to underwriting specialty risks.
Advanced technology and targeted training are reshaping underwriters’ roles, enhancing their efficiency and market adaptability, according to a new Capgemini report.
The insurance industry has rapidly adopted AI, enhancing operations across sales, underwriting, and risk management to optimize performance and profitability.
Michael Reilly discusses how advanced technology can significantly increase the productivity of underwriters by reducing time spent on administrative tasks.