Posts Tagged ‘auto’

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.

Continue reading…

June 15th, 2017

Insurance Industry Ripe for Disruption, Says VJ Dowling; MMC Young Professionals’ Global Forum 2017

Posted at 4:30 AM ET

The insurance industry will be profoundly disrupted by technological change, Vincent J. Dowling Jr., Managing Partner of Dowling & Partners Securities LLC, told attendees at MMC’s Young Professionals’ Global Forum in London.

Continue reading…

August 12th, 2015

PA/MGA Personal Lines Appetite

Posted at 1:00 AM ET

On the personal lines appetite side of Guy Carpenter’s MGA survey, auto grew by 13 percentage points and umbrella grew by 6 percentage points over the previous survey in terms of pursuing growth. Both homeowners and medical were unchanged.

Continue reading…

August 12th, 2013

Chart: MGA Survey, Personal Lines Appetite

Posted at 1:00 AM ET

Results of Guy Carpenter’s annual survey of the PA/MGA market show a decline in interest in medical programs from last year’s three percent.   Continue reading…

March 14th, 2013

Poland: Stricter Rules in Establishing Due Compensation in Vehicle Holders Insurance Market

Posted at 1:00 AM ET

According to many insured car holders in Poland, insurers have been underestimating compensation for losses, and the majority of auto insurance cases in Poland have been settled for amounts far below the actual costs of restitution. The most frequent reason is that the value of a loss has been determined based on the prices of used spare parts rather than new ones.

Continue reading…

March 11th, 2013

Germany: Breach of Contractual Incidental Obligation Due to Gross Negligence Can Release Insurer from Obligation to Pay

Posted at 1:00 AM ET

The Insurance Contract Act (Versicherungsvertragsgesetz, VVG) contains provisions about risk exclusions and incidental obligations. A risk exclusion means the insurer does not provide insurance cover for a specified excluded risk, and in cases of an incidental obligation, the policyholder loses insurance cover if he/she does not observe the specified incidental obligation.

Continue reading…

July 31st, 2012

European Motor at the July 1 2012 Reinsurance Renewal

Posted at 1:00 AM ET

United Kingdom:

Reinsurance rates continued to harden following the reduction in excess of loss capacity available, as evidenced in the January 1, 2012, renewals, with periodical payment orders (PPOs) an increasing concern for reinsurers. Rate increases were targeted at the layers excess of GBP5 million, with increases in the 20 percent to 30 percent range the norm rather than the exception.

Continue reading…

February 7th, 2012

January 2012 Reinsurance Renewal: European Motor

Posted at 3:46 PM ET

UK Motor

Rate increases were higher than in recent years at the January 1, 2012, reinsurance renewal for UK motor, due in part to primary market dynamics.

Continue reading…

February 6th, 2012

January 2012 Reinsurance Renewal: United States Casualty Lines

Posted at 1:01 AM ET

Automobile and General Liability

Primary insurance rates in the commercial sectors have stabilized with underlying exposure stabilizing as well. The majority of general and automobile liability renewals renewed flat or with rate increases in the 1 percent to 5 percent range. Some favorable primary risks, however, continue to experience rate decreases in the single digits. The overall impact has been a slight increase in liability subject premiums in the low single digits. Underwriters of medium to large US liability businesses have been requiring more data than in the past. They are acquiring additional details on loss data and trends, safety reports and risk management practices. Direct commercial liability markets continue to show general improvement in their profitability as underwriting practices improve and increased portfolio analytics, such as predictive modeling, continue to be implemented.

Continue reading…