Research

Personal auto in Q2: Is Progressive's reserve charge an outlier or a leading indicator for peers?

Progressive has now reported three consecutive months of adverse development. The Inside P&C Research team takes a closer look.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, July 24, 2023

Q2 preview: Insurance earnings might be an Oppenheimer-Barbie double feature

Pricing, catastrophes and rising costs are headwinds for this quarter’s insurer results, but brokers should be buoyed by continued inflation.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, July 18, 2023

Homeowners market share in California since 2013 override.png

Something’s gotta give: Farmers and Tokio Marine America add to Cali pullback tally

Farmers Insurance becomes the latest major national carrier to pump the brakes in California, limiting new business to only 7,000 policies per month, signaling further problems in the state’s homeowners’ market.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, July 14, 2023

Axa XL's gross reveue by segment_lead.png

Revisiting Axa’s attempts to get rid of its third wheel

Axa’s lack of success in selling its more volatile XL Re segment has led the insurer to cut back on those lines, but the current rate environment makes this a good time to revisit a sale.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, July 13, 2023

Capital, M&A and IPOs, oh my! Trends shift in response to opportunities and pricing

With the macro environment drying up capital streams M&A has slowed, but IPOs are reflective of pricing opportunities.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, July 11, 2023

Half-year update: Where we are vs where we thought we’d be

Personal lines underperform predictions, while brokers and InsurTechs are a positive surprise (for now).

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, July 06, 2023

Personal auto weighted average rate change_lead.png

June rate filing data shows highest monthly auto rate increase in over 10 years

Rates continue to rise through June, with the homeowners’ weighted average rate change coming in at 8% for the month, while auto rates increased by a significant 11.3%.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, July 03, 2023

Select reinsurance companies IPO offer price vs range_lead.png

Downsize Thursday: A look back at other insurance IPOs following Fidelis' stock move

After pricing below the expected range at its IPO, the Fidelis stock price slipped on the first day of trading - here's how other (re)insurance IPOs have gone since 2000.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, June 30, 2023

US private auto industry initial paid-to-initial incurred loss ratios_lead.png

Misreading the tea leaves: Revisiting paid-to-incurred trends for personal lines

An uneven loss environment in personal lines calls for a cautious reading of reserves.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, June 29, 2023

MAIN five year premium growth IPCD june 30 2023.png

Profitable growth is hard to do: A look at reinsurers’ performance through the Covid crisis

Reinsurers have mostly grown since before the Covid crisis, but the type and timing of growth affects value creation,

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, June 27, 2023

Root InsurTech gets a bid, management should take it if it’s real cash

“Tomorrow will be a better day.” “Next year will be a better year.” “The coming decade will be when this industry realizes its true potential.” We hear the same for most public enterprises.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, June 23, 2023

Three Florida marketplace trends to watch as hurricane season gets underway

Recent tort reforms, carrier capital and reinsurance relationships will determine the future for Floridians.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, June 21, 2023