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 […]
U.S. Property-Casualty Insurers Report 66% Increase in Net Income in 2018
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 […]
Verisk Acquires UK-Based ClaimsTech Validus-IVC
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 […]
Hyundai Joins the Verisk Usage-Based Insurance Data Exchange
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 […]