Personal auto
-
Reduced accident development led to a prior underestimate in the December frequency benefit. -
Underwriting income fell by 6% to $16mn, as lower earned premiums outweighed a modest improvement in margins.
-
Tesla told customers that the company would now handle collision repair work at its 140 service stations
-
AM Best upgraded the insurer's P&C unit to A from A- last week.
-
The InsurTech uses computer vision to assess photos of damaged vehicles to increase the speed of claims processing.
-
The deal has increased the carrier’s personal lines market share by about one percentage point.
-
While PIF growth continues to excel in its direct personal auto channel, growth now appears to be trending downwards.
-
Current levels of premium inflation are well below any metrics seen going back as far as January 1999.
-
Real-time data show an estimated decline in accidents of 26% as Covid-19 cases surged.
-
The seller’s CEO previously noted InsuraMatch had problems with client retention but said annual losses of about $1mn were affordable.
-
The early January close rests on achieving regulatory approvals by the end of December.
-
Related
-
Canadian ice storm loss estimate bumped up to C$416mn
July 02, 2025 -
Fox/Stanard-backed embedded auto MGA eyes expansion
June 23, 2025