Following record performance in 2020 from pandemic-induced reductions in driving activity, U.S. personal auto insurance underwriting results deteriorated sharply in 2021, with more pronounced weakness ...
Following a month when the auto default rate remained steady, credit availability for new paper tightened. Those findings are among the latest observations from Cox Automotive, S&P Dow Jones Indices ...
NEW YORK--(BUSINESS WIRE)--The commercial auto insurance line has struggled to achieve underwriting profitability for years, even before the inflationary conditions that have been affecting ...
Data, pricing, and scale keep Progressive ahead of rivals.
Fitch Ratings recently reported that normalizing underwriting terms for U.S. auto loans and leases contributed to a modest deterioration in asset quality metrics during the fourth quarter. Still, firm ...
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Why Car Insurers Are Under Pressure to Cut Rates
What’s worse for car insurers: a trade war or a price war? Consumers might like the answer, but investors probably won’t. Back in February, insurance groups began warning that stiff import levies ...
Carriers are adopting AI to improve underwriting, pricing and risk selection, but most models still rely on static data ...
PICC P&C 02328 reported 7.2% growth in net earned premium and 19.4% growth in net profit for 2022. As expected, the auto insurance combined ratio improved to 95.6% from 97.3% in 2021. Despite a ...
PRINCETON, N.J., Sept. 19, 2022 /PRNewswire/ -- Innoveo, a global technology firm and a pioneer in enterprise no-code platform today announced that Safety Insurance Group, an A.M. Best rated "A" ...
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