WTW report spotlights the importance of scenario building and impact analysis

A proactive, tech-forward approach is needed as extreme weather reshapes personal insurance Source link

The IBERIA region posted a net result of €121 million, up 65.6% year-on-year, with a combined ratio of 95.6%. The company cited performance in the auto segment as a major factor in this regional outcome. In North America, MAPFRE reported a profit of €30 million, up 94.3%, continuing the region’s recent trend of improved financial…

For Hurricane Milton, insurers closed 81.7% of the 343,789 total claims filed across multiple lines, including personal and commercial property, auto, private flood, and business interruption, as of February 28. Of these, 35,043 claims remained open without payment, while 27,894 were still open with payment. Source link

Vince Gaffigan, executive vice president and director of risk consulting at Lockton, addressed the increased complexity faced by risk managers today. According to Gaffigan, interconnected global systems in finance, technology, supply chains, and energy, combined with geopolitical shifts and market volatility, have significantly increased the speed at which risks develop. Source link

During her time at AIG, Guerrero developed and implemented national training programs that spanned liability, claims, and underwriting disciplines. She also underwrote complex casualty programs for AIG’s Dublin, Ireland operations, gaining international experience that has contributed to her expertise in casualty insurance.  Source link

In a monthly update, Allstate noted slight shifts across its insurance portfolio. Allstate Protection auto policies declined marginally in April, while commercial lines dropped by 31.6%. In contrast, homeowners policies increased by 2.5%, contributing to a 0.3% rise in total policies in force to 37,812.  Source link