Posts Tagged ‘med mal’

May 7th, 2014

Liability Lines That Appear To Be Improving

Posted at 1:00 AM ET

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


Liability lines that appear to be improving: Workers compensation, medical professional liability and commercial multi peril.

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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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August 8th, 2013

Chart: MGA Survey, Commercial Lines Appetite

Posted at 1:00 AM ET

Results of Guy Carpenter’s annual survey of the PA/MGA market show that carriers’ growth expectations in commercial lines business is relatively flat. Exceptions are workers compensation and medical malpractice. 

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July 27th, 2011

Focus on Hurricane Season at July 1, 2011 Reinsurance Renewal: Life and Accident & Health

Posted at 1:00 AM ET


Medical insurance reform remains the strongest driver is this space, with insurers still grappling with concerns around unlimited lifetime maximums and minimum loss ratios. Reinsurers have responded by offering unlimited lifetime excess of loss coverages that have proved popular with some insurers. Pricing for these very high layers, such as unlimited excess of USD10 million per person, is capacity and market-based, as the layers are so far out-of-the money that there is no credible experience. Further, in the short term, many insurers will maintain annual maximums where possible, which will limit observable experience at the highest amounts. Claims and rate-making for the very high reinsurance coverages will be interesting to watch over the next couple of years as the different elements in the healthcare delivery value chain adapt to the new incentives in health care reform.

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February 3rd, 2011

Chart: Professional Liability Lines - Typical Excess of Loss Rate Changes at Jan. 1

Posted at 1:00 AM ET


Click here to read the Executive Summary of Guy Carpenter’s report: Global Reinsurance Outlook: Points of Inflection; Positioning for Change in a Challenging Market >>

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April 13th, 2009

Manage the Cycle, Part V: Protect Portfolio, Profitability

Posted at 12:30 AM ET

venter_gary_thumbGary Venter, Adjunct Professor, Statistics, Columbia University

Profit pressure is the norm for the insurance industry. For short periods, market conditions may favor the risk-taker, but they are rare. Quickly, this mature, competitive industry returns to tighter margins and a battle for market share. Thus, managing to survive the leaner years until the market turns for a moment does not lead to long-term success. Carriers should optimize for tough markets … and be ready for the occasional favorable swing.

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