Assured Research Featured in Carrier Management (April, 2020)
We were pleased to be featured in Carrier Management on the topic of COVID-19 and its far reaching ramifications for the P/C insurance industry. Entitled: On Disrupted Diagonals and Lengthening Actuarial Tails, we share our view that actuarial loss reserving will become decidedly more art and less science it the quarters ahead.
P/C Industry Loss Reserves Turn Deficient says Assured Research (March, 2020)
For the first time in years, the P/C industry's loss reserves appear to be deficient across the 17 lines and ten accident years studied by Assured Research. The work, released in an Assured Industry Study on March 17th, pointed to a nearly $5 bil. deficiency, down from an $11 bil. redundancy the prior year-end. Liability lines are the main source of the deficiency as the Assured Research work points to rising loss ratios amidst concerns over social inflation and nuclear verdicts. The industry loss ratios? Flat...more in our Industry Study. Interested parties can contact us for a trial subscription. And our press release on the topic was in Carrier Management - read here.
Assured Research Debates the Strength of the Hardening Market (March, 2020)
In our March Assured Briefing we debate the amplitude and duration of the hardening P/C market. There is agreement that prices will rise through 1H20, but after that one side argues for deceleration while the other believes rate increases will accelerate through year-end. Both sides agree that reported 2020 results will hold large sway over the direction of increases next year. Contact us to receive a complimentary copy.
MetLife Acquires Pet Insurer; Assured Research Flagged Market in 2018 (Dec. 2019)
In early December life insurer MetLife struck a deal to acquire pet insurer PetFirst. According to news reports, the deal is meant to add growth to the company's (and industry's) stagnating life sales. Assured Research analyzed the pet market in our Nov. (2018) Briefing concluding that the $1 bil. market today could grow to $5-$10 bil. over the next decade. We've added that Briefing to our Research tab; please click through to read it.