NEW YORK–While insurance pricing cycles show no sign of disappearing, new data sources and methods could ease their sting in the coming years, a panelist at an executive forum here said yesterday.
Speaking at the annual Property-Casualty Insurance Joint Industry Forum, Safeco Chief Executive Officer Paula Rosput Reynolds said advances in automated underwriting have made the kind of flexibility leading to sharp cycles very difficult to achieve.
"The kind of price movement we have seen lately has been based on the actuarial tables," Ms. Reynolds said.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
