INSURASALES

Tag: Underwriting

Progressive Q1 Earnings Show 10% Profit Growth and Strong Auto Premium Gains

Progressive's Q1 2025 results reveal a 10% profit increase, 25% growth in auto premiums, and strategic AI investments driving operational efficiency. NAIC data confirms its position as the second-largest U.S. personal auto insurer.

FICO and dacadoo Enhance Life Insurance Risk Assessment with AI

FICO and dacadoo partner to improve life insurance underwriting using AI-driven risk assessment and digital health data for personalized policies and faster decisions.

Capgemini Report: Aging Population to Reshape U.S. P&C Insurance Market by 2050

The Capgemini 2025 P&C Insurance Report outlines how aging populations and climate risks will drive innovation in underwriting and product offerings for U.S. insurers.

Accelerant Expands Specialty Insurance Risk Exchange with QBE and Tokio Marine

Accelerant expands its data-driven specialty insurance risk exchange by adding QBE and Tokio Marine America, enhancing underwriting efficiency and market connectivity.

Transatlantic Underwriters Expands into Property-Casualty Insurance Lines

Transatlantic Underwriters broadens insurance offerings beyond transportation, adding six new property-casualty lines including general liability and commercial property coverage.

Xceedance Strengthens Operations, Expands AI Capabilities for Insurance Growth

Xceedance appoints Subramanian Sankaran as global COO to drive operational excellence and expands capabilities through strategic acquisitions and AI investments in property, casualty, life, and health insurance sectors.

FCCI Insurance Group Expands Excess & Surplus Coverage Across All Regions

FCCI Insurance Group expands Excess & Surplus coverage to all regions, enhancing E&S offerings with property, inland marine, and crime coverages packed with general liability to serve hard-to-place risks efficiently.

AIG Names Ray Hall Head of Western World, Strengthens E&S Leadership

AIG appoints Ray Hall as head of Western World, advancing its Excess & Surplus insurance strategy with strong underwriting results and leadership growth.

Key Leadership Changes in U.S. Insurance Companies Enhance Underwriting and Operations

Review recent key leadership appointments and promotions in the U.S. insurance industry, highlighting strategic enhancements in underwriting, operations, and claims management for major insurers.

US P&C Insurance Sees Record Profitability in 2024

In 2024, the US property and casualty insurance industry reported a record underwriting profit of nearly $27 billion, recovering from losses in previous years. Key insights on market trends and major insurer performance are discussed.