The backdrop to casualty reinsurance renewals at January 1, 2020 was more difficult, as heightened litigation costs, more generous jury verdicts and shifting attitudes in the United States forced reinsurers to adopt more cautious underwriting positions. Higher loss cost trends, increased frequency of severity and loss development beyond reinsurers’ expectations led to market t ... Continue Reading »
auto
Competition and Change Are the Only Certainties for P&C Carriers: Part III; Trends in Personal Lines
Homeowners reverted to its historical trend with combined ratios in excess of 100 percent due to another round of catastrophe events affecting the United States. With the increase in personal auto competition, personal lines-dominant insurers face increased speculation on how to develop long-term prospective profits. The study found that personal lines writers experienced a ... Continue Reading »
Emerging From the Shadows: Casualty
Casualty (re)insurance is often overshadowed by developments in property lines. As the last two years have shown, the human impact and devastating damage caused by catastrophes such as hurricanes, typhoons, wildfires and earthquakes tend to dominate the headlines, according to Julian Alovisi, Head of Research and Publications, Guy Carpenter. The casualty market rarely gets ... Continue Reading »
Baden Baden: GC@BB Commentary Roundup
Here we highlight the most popular stories among our GC@BB series, which featured our review of critical issues shaping the reinsurance industry. These were the focus of discussions at the recent Baden Baden Reinsurance Symposium, which was hosted by Guy Carpenter. ... Continue Reading »
Carriers Must Carve Out Distinctive Strategies to Maximize their Potential for Success
Guy Carpenter has completed its annual review of property and casualty (P&C) results and found that competition and change are the only certainties (re)insurers are promised in today’s market. ... Continue Reading »
Motor Insurance in EMEA: Evolving at Speed
Motor insurance is the most widely purchased property and casualty product in Europe and represents an important platform in the region for both traditional and non-traditional products, managing general agents, captives and other affinity and distribution platforms, according to Federico Camera, Managing Director, Guy Carpenter and Pawel Koszorek, Senior Vice President, Guy ... Continue Reading »
Automobile Liability Segment Outlook
In 2017, writers of automobile (auto) liability insurance continued to cope with deteriorating combined ratios, which remained above 100 percent for the seventh consecutive year. While carriers have implemented effective strategies that improved their operations and as a result are achieving improved expense ratios, evolving market and environment factors continue to challenge ... Continue Reading »
Recent Thought Leadership from Guy Carpenter – North America Focus
Here we present a recap of recent thought leadership from Guy Carpenter focusing on important insurance and reinsurance topics in North America. ... Continue Reading »
As Insurance Market Cycle Evolves, Carriers Must Review Underwriting Strategies
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 f ... Continue Reading »
Solutions for Improving Profitability in the Commercial Auto Liability Line – GC@PCI Commentary
Nick Durant, Managing Director Contact 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 ... Continue Reading »
