Susanne Sclafane

/Susanne Sclafane

About Susanne Sclafane

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So far Susanne Sclafane has created 31 blog entries.
13 09, 2022

Wholesale Growth Is Cycle-Proof; Dual Distribution Has Failed: AIG’s Zaffino

By | September 13th, 2022|Uncategorized|Comments Off on Wholesale Growth Is Cycle-Proof; Dual Distribution Has Failed: AIG’s Zaffino

Just a few days before the official start of the Wholesale & Specialty Insurance Association annual meeting, AIG’s chief executive officer gave his take on the dominance of wholesalers in the specialty insurance market. Peter Zaffino, president and CEO of …

16 09, 2022

Automated Rate Filings Put Root Ahead of Auto Insurance Competitors: CEO

By | September 16th, 2022|Uncategorized|Comments Off on Automated Rate Filings Put Root Ahead of Auto Insurance Competitors: CEO

At a time when auto insurers react to inflation shocks by filing rate increases at a frenetic pace, an insurtech CEO says automation of the activity is speeding his company’s actuarial rate indications onto regulators’ desks. “We had a loss …

7 09, 2022

State Farm Invests $1.2B in ADT; Adopts ‘Predict and Prevent’ Mindset

By | September 7th, 2022|Uncategorized|Comments Off on State Farm Invests $1.2B in ADT; Adopts ‘Predict and Prevent’ Mindset

State Farm and ADT, a smart home provider, announced that State Farm will make a $1.2 billion equity investment in ADT, a move that will give the nation’s largest insurer a 15% ownership stake in ADT. The investment also heralds …

31 08, 2022

Breaking Down Inflation’s $30B Impact on Insurers Line By Line

By | August 31st, 2022|Uncategorized|Comments Off on Breaking Down Inflation’s $30B Impact on Insurers Line By Line

Experts at McKinsey & Company estimate that inflation pushed loss costs for property/casualty insurers up roughly $30 billion last year, with nearly three-quarters of that figure coming through personal lines. In an article titled, Countering inflation: How U.S. P&C insurers …

18 07, 2022

Analysis: State Farm Wins Again With Better J.D. Power Scores Than GEICO

By | July 18th, 2022|Uncategorized|Comments Off on Analysis: State Farm Wins Again With Better J.D. Power Scores Than GEICO

When Warren Buffett told Berkshire Hathaway investors that State Farm continues to dominate the large auto insurance carrier landscape during this year’s annual meeting, he was referring to scale rather than customer satisfaction scores. But State Farm wins on that …

3 05, 2022

State Farm Still Wins: Buffett Talks Auto Insurance at Annual Event

By | May 3rd, 2022|Uncategorized|Comments Off on State Farm Still Wins: Buffett Talks Auto Insurance at Annual Event

There wasn’t a lot of talk about auto insurance at this year’s annual meeting of Berkshire Hathaway, but when the subject came up, Warren Buffett acknowledged the continued dominance of one competitor—a mutual insurer. “The largest auto insurance company in …

25 03, 2022

Rate Hikes, Telematics, Data Science Leading Allstate Back to Profit

By | March 25th, 2022|Uncategorized|Comments Off on Rate Hikes, Telematics, Data Science Leading Allstate Back to Profit

For the second time this month, a personal auto insurance giant devoted an investor conference to the topic of rate hikes, with Allstate executives also assuring listeners the carrier has various other tools to return to profitability. “Looking back to …

25 02, 2022

Lemonade Execs Expect ‘Peak Losses’ in 2022

By | February 25th, 2022|Uncategorized|Comments Off on Lemonade Execs Expect ‘Peak Losses’ in 2022

With unfavorable development and product mix changes propelling fourth-quarter and full-year loss 2021 ratios into the 90s—up 20 points over comparable 2020 periods—Lemonade guided shareholders that results will get worse in 2022. “2022 is expected to be our year of …

7 10, 2021

Risk Scores for Underwriters, Brokers Reveal Companies’ Likelihood of Being Sued

By | October 7th, 2021|Uncategorized|Comments Off on Risk Scores for Underwriters, Brokers Reveal Companies’ Likelihood of Being Sued

Last week, Praedicat, a liability risk analytics company, announced that it launched a new Company Risk Score designed to simplify the underwriting of complex emerging risks for liability insurance. The risk score, ranging from 0 to 100 for every one …

28 09, 2021

Investors in Insurance-Linked Securities Seek to Avoid Exposure to Secondary Perils

By | September 28th, 2021|Uncategorized|Comments Off on Investors in Insurance-Linked Securities Seek to Avoid Exposure to Secondary Perils

Investors in insurance-linked securities are leaning toward structured catastrophe bonds rather than broader ILS instruments to steer away from unexpected losses from secondary perils. At the same time, catastrophe bond investors are accepting lower yields than they did two years …