Insurance News

Posts Tagged ‘Underwriting

Faster turnaround and easy, efficient collaboration with agents is oft-said to be of paramount importance to insurers in regard to their underwriting operations. And, according to a new survey released by FirstBest Systems Inc., this is still very much the case.

The property/casualty insurance software solutions provider today released highlights from its recent insurer survey, conducted during the 2010 CGI Ratabase User Conference, held in Read the rest of this entry »

While it’s not necessarily reason for insurers to throw up their hands and crack open the champagne, a preliminary review by SNL Financial of Q3 statutory financial data for U.S. property/casualty insurers found modest improvement in underwriting profitability and additional stabilization through realized and unrealized capital gains.

While it’s not necessarily reason for insurers to throw up their hands and crack open the champagne, a Read the rest of this entry »

CHICAGO (Dow Jones)–Insurance industry executives expect weak pricing and demand to restrain growth in underwriting profits in the next three years.

Still, many of the executives, who were surveyed at a KPMG insurance conference in New York Tuesday, expect their companies to be able to raise capital, particularly equity, in the next 18 months.

The survey of 271 insurance industry executives found 22% would choose an equity issue Read the rest of this entry »

The insurance “underwriting environment is improving,” with rates on the rise, according to Evan Greenberg, chairman and chief executive officer of ACE Ltd., which reported a sharp decline in net income but a sparkling 87 combined ratio for last year’s final quarter.

Mr. Greenberg noted that fourth-quarter 2008 net income of only $20 million, or 6 cents per share—compared with $572 million, or $1.69 per share a year earlier—was Read the rest of this entry »

The insurance “underwriting environment is improving,” with rates on the rise, according to Evan Greenberg, chairman and chief executive officer of ACE Ltd., which reported a sharp decline in net income but a sparkling 87 combined ratio for last year’s final quarter.

Mr. Greenberg noted that fourth-quarter 2008 net income of only $20 million, or 6 cents per share—compared with $572 million, or $1.69 per share a year earlier—was Read the rest of this entry »

The insurance “underwriting environment is improving,” with rates on the rise, according to Evan Greenberg, chairman and chief executive officer of ACE Ltd., which reported a sharp decline in net income but a sparkling 87 combined ratio for last year’s final quarter.

Mr. Greenberg noted that fourth-quarter 2008 net income of only $20 million, or 6 cents per share—compared with $572 million, or $1.69 per share a year earlier—was Read the rest of this entry »

The insurance “underwriting environment is improving,” with rates on the rise, according to Evan Greenberg, chairman and chief executive officer of ACE Ltd., which reported a sharp decline in net income but a sparkling 87 combined ratio for last year’s final quarter.

Mr. Greenberg noted that fourth-quarter 2008 net income of only $20 million, or 6 cents per share—compared with $572 million, or $1.69 per share a year earlier—was Read the rest of this entry »