Posts Tagged ‘auto liability’



November 5th, 2018

Recent Thought Leadership from Guy Carpenter – North America Focus

Posted at 1:00 AM ET

Here we present a recap of recent thought leadership from Guy Carpenter focusing on important insurance and reinsurance topics in North America.

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October 29th, 2018

As Insurance Market Cycle Evolves, Carriers Must Review Underwriting Strategies

Posted at 8:00 AM ET

Guy Carpenter has completed its annual review of property & casualty (P&C) results and found that insurers’ operating environment today is very different than just a few short years ago.

Formerly stable lines produced significant volatility in 2017, while others that often struggle to produce underwriting returns enjoyed multi-decade highs in profitability. And the familiar underwriting cycle has decoupled materially across long-tail casualty lines, with profitability, growth and reserve development moving in widely different directions by line and segment. These are just a few of the findings reported in the company’s 2018 Risk Benchmarks Research Report, which focuses on the risk and performance of US P&C insurers. Continue reading…

October 29th, 2018

Solutions for Improving Profitability in the Commercial Auto Liability Line - GC@PCI Commentary

Posted at 1:00 AM ET

durant_nick_photo_0088-croppedNick Durant, Managing Director

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  • Unexpected acceleration in claims frequency related to increased road mileage and congestion
  • Insurers use sophisticated models to analyze new and existing data for optimized pricing and risk selection
  • InsurTech solutions are emerging that permit insurers to price their risks with more accuracy

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March 20th, 2018

Automobile Liability Market Update & Loss Trends Analysis

Posted at 1:00 AM ET

For most U.S. property and casualty insurance companies, automobile liability line performance has typically been one of the major factors adversely impacting overall profitability in recent years. Since the economic crisis of 2008, combined ratios for the auto liability line have steadily deteriorated, putting pressure on carriers to advance strategies to reverse this trend. These strategies need to be developed in order to address the major components that negatively impact auto liability loss ratios - inadequate rates for the risk assumed and marked increases in both frequency and severity of loss.

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January 30th, 2018

Automobile Liability Market Update & Loss Trends Analysis

Posted at 10:00 AM ET

thumbanilFor most U.S. property and casualty (P&C) insurance companies, automobile liability (auto liability) line performance has typically been one of the major factors adversely impacting overall profitability in recent years. Since the economic crisis of 2008, combined ratios for the auto liability line have steadily deteriorated, putting pressure on carriers to advance strategies to reverse this trend. These strategies need to be developed in order to address the major components that negatively impact auto liability loss ratios - inadequate rates for the risk assumed and marked increases in both frequency and severity of loss.

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November 24th, 2015

Self-Driving Automobiles

Posted at 1:00 AM ET

Technologies that we may take for granted today such as anti-lock braking and airbag systems, driving and parking assistance, hazardous condition traction control and global positioning system routing, may soon all come together and evolve into fully autonomous self-driving automobiles. Self-driving cars are expected to begin commercial production and be in use by 2017. Google, the pioneer in the field, claims it can cut road accidents by eliminating the human driver who gets distracted by text messages or becomes tired. Although safety and efficiency gains have been the most cited and prominent benefits for the rationale for the development of self-driving automobiles, a considerable number of challenges remain.

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May 8th, 2014

Liability Line That Appears To Be Deteriorating

Posted at 1:00 AM ET

leong-jessica-bio-sep-2013Jessica Leong, Lead Casualty Specialty Actuary

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Liability line that appears to be deteriorating: Commercial auto liability.

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May 6th, 2014

What is driving the continued release of reserves?

Posted at 1:00 AM ET

leong-jessica-bio-sep-2013Jessica Leong, Lead Casualty Specialty Actuary

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Seventy percent of the improvement for accident year 2012 can be attributed to two lines: homeowners and private passenger auto.

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April 29th, 2014

Insurance Industry Reserve Releases to Continue Through 2014

Posted at 11:30 PM ET

Guy Carpenter today released an updated analysis of industry reserves. Based on 2013 annual statutory statements, Guy Carpenter has updated their analysis of the reserve cycle by examining accident year data for eleven lines of business. According to the analysis, workers compensation reserves appear to be improving, despite noted deterioration over the last year. Similarly, medical professional liability and commercial multi peril lines appear to be making tentative turns to show greater reserve release in accident year 2012 than expected. Conversely, other lines such as commercial auto liability continued to exhibit deterioration.

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