Published: October 2022
AM Best TV & Audio: Data Partnerships Help Insurers Roll With Technology’s Constant Changes, Verisk CEO Says: Also, industry professionals discuss growth in MENA insurance markets as well as how insurers can navigate the post-lockdown work environment.
AM Best Webinars: Panel to Discuss How Aerial Imagery Models Can Create a More Consistent Picture of Risk: Professionals also explore the relationship between the claims experience and customer satisfaction and examine the state of the surplus lines sector.
App Store: App Helps Insurers Boost Claims Processing: The SCI 360 Demand Review application helps reduce claims processing times, an insurance consultant says.
At Large: Bringing Sustainability to Cyber Insurance: The burgeoning market requires creative solutions.
Auto Insurers: At A Glance — Auto Insurance Initiatives: Best’s Review provides a look at auto manufacturers and steps they have taken to build their new insurance future.
Auto Insurers: Automakers Build New Insurance Future: As data and technology pervade the car manufacturing industry, automakers have made fresh inroads into insurance.
Auto Insurers: For Tesla, Telematics Provides a Battery of Information for Insurance: Automaker Tesla has ventured into the world of insurance, a move that CEO Elon Musk believes has become a “quite significant” part of Tesla’s makeup.
Auto Insurers: Swiss Re: Technology Will Eliminate Traditional Underwriting Factors: The company says its scoring system can eliminate using credit scores, gender and garage addresses to calculate an insurance premium.
Best's Rankings: Largest Caribbean Insurers — 2022 Edition: Insurers were ranked by 2020 gross premiums written.
Best's Rankings: Largest Published, Rated Single-Parent Captive Insurers — 2022 Edition: Captives were ranked by 2020 gross premiums written.
Best's Rankings: Top 25 Georgia Private Passenger Auto Filings by Rate Impact: Filings were based on a disposition date of Sept. 1, 2021 to Sept. 1, 2022.
Best's Rankings: Top 25 US Auto Liability Writers — 2022 Edition: Insurers were ranked by 2021 direct premiums written.
Best's Rankings: Top 25 US Auto Physical Damage Writers — 2022 Edition: Insurers were ranked by 2021 direct premiums written.
Best's Rankings: Top 25 US Commercial Auto Writers — 2022 Edition: Insurers were ranked by 2021 direct premiums written.
Best's Rankings: Top 25 US Private Passenger Auto Writers — 2022 Edition: Insurers were ranked by 2021 direct premiums written.
Best's Rankings: Top 25 US Total Auto Writers — 2022 Edition: Insurers were ranked by 2021 direct premiums written.
Best's Rankings: US Auto Liability — Top Writers by State, Canada and US Territories — 2022 Edition: Insurers were ranked by 2021 direct premiums written.
Best's Rankings: US Auto Physical Damage — Top Writers by State, Canada and US Territories — 2022 Edition: Insurers were ranked by 2021 direct premiums written.
Best's Rankings: US Commercial Auto — Top Writers by State, Canada and US Territories — 2022 Edition: Insurers were ranked by 2021 direct premiums written.
Best's Rankings: US Life/Health — 2021 Asset Distribution — 2022 Edition: Insurers were ranked by 2021 total admitted assets.
Best's Rankings: US Private Passenger Auto — Top Writers by State, Canada and US Territories — 2022 Edition: Insurers were ranked by 2021 direct premiums written.
Best's Rankings: US Total All Auto Lines — Top Writers by State, Canada and US Territories — 2022 Edition: Insurers were ranked by 2021 direct premiums written.
Book Store: Author: Technology Helps Insurers Conduct Insurance Commerce: In the relationship between insurers and technology, the awkwardness is not knowing how to use applications.
Captives: Panel: Captive Insurers Cautiously Venture Into Cyber Coverage: The use of captives to manage cyberrisk may be a perfect solution for Main Street businesses. See the Best's Rankings list of the largest published, rated single-parent captive insurers — 2022 Edition.
Caribbean Insurers: AM Best: Climate, Reinsurance and Cyber Remain High in the Caribbean Risk Landscape: The Caribbean insurers rated by AM Best posted favorable earnings in 2021. See the Best's Rankings list of the largest Caribbean insurers — 2022 edition.
Corporate Changes: Mergers, Acquisitions, State Actions and Domiciliary, Name and Ownership Changes: John Alden Life, Lightning Rod Mutual and Inverin Insurance are among the U.S. life/health and property/casualty insurers that have experienced a corporate change.
Executive Changes: Allstate Names Successor to Retiring President, Property-Liability: Aon COO moves to chief digital officer role, QBE Re appoints a permanent managing director and MetLife welcomes a new EVP-head of corporate development, M&A.
From the Editor’s Desk: Auto Manufacturers Make Inroads in Insurance: The October issue includes coverage of auto manufacturers’ initiatives to offer insurance for their automobiles. The issue also includes Best’s Rankings of the top auto insurers, top published, rated single-parent captives, top Caribbean insurers and U.S. life/health asset distribution.
In the News: AM Best: Reinsurers Face Potential for Complex Losses: The outlook for the global reinsurance market is rated “stable” by AM Best.
In the News: Regulatory Update: Wildfires proposed regulation and proposed cap raise for Citizens in Florida.
Industry Updates: AM Best Assigns Performance Assessment to Delta International Limited’s Affiliates: Since launching in 2014, Delta has recorded profitable underwriting results across a variety of liability lines in the Asia Pacific region, along with property coverage only in New Zealand.
Industry Updates: Webinar Panel: Surplus Lines Growth Strengthens as Markets Become More Complex: Total U.S. surplus lines direct premiums written reached a record $82.6 billion in 2021, according to a new Best’s Market Segment Report.
Life Insurance: Whittling Down: In 2023, Cuna Mutual Prepares to Rebrand and Focus on Middle Market: “We have to get this right,” Chief Executive Officer Robert Trunzo says as the carrier, with its origins in the credit union space, plans to bring a diverse set of brands under one roof.
Preferred Publisher Program: In Other News ...: A roundup of news from publishers around the globe. Access to some sites may require registration or subscription.
Risk Adviser: Cyber Coverage Hits Landmark, but Challenges Remain: Underwriters are not matching the superiority of hackers versus their clients’ cyber protection systems.
State Rate Filings: Georgia Commissioner Blasts Allstate’s 25% Auto Rate Hike: See Best's Rankings list of top 25 Georgia private passenger auto filings by rate impact.
The Last Word: Where’d the Gecko Go? Auto Insurance Advertising Sees Dip: Advertising spending is down in the U.S. auto insurance industry, with three companies expressly saying they are cutting back.
Trending Research: Trending Research Includes Reports on the World’s 50 Largest Reinsurers: Other trending research includes reports on the global reinsurance market, mortality risk, health insurance and captive insurance.
Underwriting & Loss Control: Legalized Recreational Marijuana Is a Growing Business With Insurance Challenges: Best’s Underwriting Reports and Best’s Loss Control Reports provide insights into the lines of coverage, exposures and loss control for recreational marijuana dispensaries.
Web Traffic: Visits to US Private Passenger Auto Writers: Progressive leads web analytic provider Semrush's ranking of the top 10 U.S. private passenger auto writers based on direct premiums written.
What AM Best Says: AM Best: Dedicated Reinsurance Capital Growth of 2021 May Not Continue: Traditional reinsurance capacity projected to fall as third-party capital holds steady.