September 23, 2024
With the vast majority (91%) of insurance companies already investing in AI or planning to in the next five years, it’s not surprising that nearly seven-in-10 actuaries and underwriters are worried about being replaced by artificial intelligence, according to a …
October 11, 2022
While some analysts are predicting that the property insurance industry will be able to manage Hurricane Ian and its estimated $50 billion in insured losses, a few are now warning that the storm could significantly erode the Florida Hurricane Catastrophe …
February 22, 2022
The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to the cost of commercial auto claims over …
June 4, 2020
California workers had filed 5,093 COVID-19 workers’ compensation claims as of Tuesday, according to the state Department of Industrial Relations, a pace that might lead to a lower impact on costs than projected by actuaries. The potential cost of the …
May 22, 2020
WASHINGTON — We are becoming a nation of amateur actuaries, calculating the risk of restarting our lives. Can we go outside? Can we go back to work? Can we go to a restaurant or bar? Can we go to the …
June 18, 2015
The story of big data — the oceans of data that modern technology generates — in some ways presents a modern cliffhanger. Now that we have access to all of that data, what will we do with it? Actuaries heard …
December 13, 2013
To price next year’s insurance, property/casualty actuaries need to know what trends are emerging right now. A wide-ranging discussion at the Casualty Actuarial Society Annual Meeting held in early November during a session on “Emerging Homeowners and Personal Auto Exposures” …