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Property/Casualty Insurers Report Increase in Net Underwriting Gains in First 9 Months of 2019

January 17, 2020 By CollisionWeek Editor

Net Income after Taxes

Net income shows small decline, but industry has record Surplus of over $70 billion. The private U.S. property/casualty insurance industry saw its net underwriting gains increase to $5.4 billion in the first nine months of 2019 from $4.7 billion a year earlier, bolstered by growth in premiums and a drop in catastrophe losses, and its […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Profitability, Property Casualty Insurance, Verisk

U.S. Property/Casualty Insurance Industry Sees Slight Decline in Net Income During First Half of 2019

October 15, 2019 By CollisionWeek Editor

Property Casualty Insurance Net Income First Half 2019

Surplus sets new record as stock market recovers from downturn. Private U.S. property/casualty insurers’ net income after taxes and underwriting gains remained strong despite small declines compared with the prior year, according to Verisk (NASDAQ:VRSK) and the American Property Casualty Insurance Association (APCIA). Net income after taxes declined to $32.8 billion for the first half […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Combined Ratio, Earnings, Property Casualty Insurance, Verisk

P/C Insurers Report Strong First-Quarter Underwriting Results

June 28, 2019 By CollisionWeek Editor

P/C Net Income Q1 2019

Net written premiums down for first time since Great Recession. Private U.S. property/casualty insurers’ profitability as measured by their annualized rate of return on average policyholders’ surplus increased to 9.4 percent, the best first-quarter result since 10.8 percent in 2015, according to Verisk (NASDAQ:VRSK), the data analytics provider, and the American Property Casualty Insurance Association […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Earnings, Profitability, Property Casualty Insurance, Verisk

U.S. Property-Casualty Insurers Report 66% Increase in Net Income in 2018

May 7, 2019 By CollisionWeek Editor

Net Income After Taxes

Results driven by growth in premiums and decline in catastrophe losses. Private U.S. property/casualty insurers saw their net income after taxes rise to $60 billion in 2018 from $36.1 billion in 2017—a 66.3 percent increase—helped by double-digit premium growth and a significant decline in catastrophe losses, according to Verisk (NASDAQ:VRSK) and the American Property Casualty […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Earnings, Profitability, Property Casualty Insurance, Verisk

Verisk Acquires UK-Based ClaimsTech Validus-IVC

June 22, 2018 By CollisionWeek Editor

Verisk logo

Verisk (NASDAQ:VRSK) announced it has acquired Validus-IVC, a provider of claims management solutions and developer of the leading subrogation portal in the UK, verify. Validus-IVC has offices in Norwich and Bath, United Kingdom. The integration of Validus-IVC’s verify platform with Verisk’s global claims analytic services will allow customers to take advantage of enhanced analytic and […]

Filed Under: News Tagged With: Acquisitions, Claims Technology, United Kingdom, Verisk

Hyundai Joins the Verisk Usage-Based Insurance Data Exchange

April 17, 2018 By CollisionWeek Editor

Joins General Motors and Honda, increasing reach of the exchange to 32 percent of U.S. auto market. Verisk (Nasdaq:VRSK), the data analytics provider, announced that Hyundai Motor America has signed an exclusive agreement to join the Verisk Data Exchange. As a participating automaker, Hyundai will supply Verisk with driving data from its consenting connected car […]

Filed Under: News Tagged With: American Honda, General Motors, Hyundai, Verisk

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