In a soft market (P/C) or a market in which the public has turned distrustful (variable Life products), maintaining
underwriting discipline is difficult.
"Wachovia sees Delegated
Underwriting as an extremely valuable tool for our affordable-housing activities," said Cunningham.
* Chapter 4 looks at the need for a commercial lines plan to govern the
underwriting process.
Note that the red and green line that indicates
underwriting combined ratio (green for profit and red for loss) generally lags or follows the average prime rate graphed in blue.
So, how does Cytora's AI-powered platform work for
underwriting?
"Despite a poor overall performance and weaker industry profits, a number of companies continue to produce significant
underwriting profits in this line," Auden added.
13 March 2015 - UK-based insurance investor Helios
Underwriting Plc (LON: HUW) has closed its acquisition of Updown
Underwriting Ltd., the company said on Friday.
FirstBest UMS Express provides carriers with an
underwriting management system that enables them to drive premium growth and improve
underwriting profitability, rapidly enter new markets, deliver new products, and achieve high service levels with agents and brokers.
Liberty Mutual has appointed Jon Tellekamp as chief
underwriting officer for National Insurance - Excess Casualty, and Doug Manwaring as chief
underwriting officer of National Insurance - Public Entities and Programs.
President and Chief Executive Officer of Third Point Re, Robert Bredahl said, "We are very excited to have David and Steven join the Company as they bring proven track records and significant
underwriting experience to the team.