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Triple-I Blog | Improved Commercial Auto Underwriting Profitability Expected After Years of Struggle – Go Health Pro

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Triple-I Blog | Improved Commercial Auto Underwriting Profitability Expected After Years of Struggle – Go Health Pro

The commercial auto insurance line has struggled to achieve underwriting profitability for years, even before the inflationary conditions that have been affecting property/casualty lines more recently. This trend has been accompanied by steady growth in net written premiums (NWP). This weakness in underwriting profitability has been driven by several causes, according to a new Triple-I … Read more

On battling misinformation | Inoreader blog – Go Health Pro

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On battling misinformation | Inoreader blog – Go Health Pro

Everyone would agree that media literacy and critical thinking are essential in a world where information flows freely. But why does distinguishing fact from fiction these days feel more challenging than ever? The answer lies in the sheer volume of content and the ease with which malicious claims can be spread online. While fact-checking is … Read more

New strategies for P&C claims litigation management | Insurance Blog – Go Health Pro

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New strategies for P&C claims litigation management | Insurance Blog – Go Health Pro

According to AM Best Financial reports, between 2018 and 2023, litigation management costs for the combined Property & Casualty industry increased by 19%, amounting to an increase of $4-5 billion, or for context, bringing total litigation expenses to ~$24B of LAE. In both personal and commercial lines, carriers have experienced the adverse effects of social … Read more

Triple-I Blog | Inflation Continuesto Drive Up Consumers’ Insurance Costs – Go Health Pro

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Triple-I Blog | Inflation Continuesto Drive Up Consumers’ Insurance Costs – Go Health Pro

By William Nibbelin, Senior Research Actuary, Triple-I Insurance is priced to reflect the underlying risk of every policy. When more claims are filed and the average amount paid of those claims increases, insurance becomes more expensive. A measure of underwriting profitability for insurance carriers is the combined ratio calculated as losses and expense divided by … Read more