Sentences with phrase «underwriting losses»

Many of the general insurance industry players are making losses due to high underwriting losses in the motor insurance segment as premium paid are inadequate in comparison to the claims.

The Federal government has financial responsibility for underwriting losses.

The so - called «cost of float» is net underwriting losses.

Third - party motor insurance continues to make underwriting losses.

Insurance companies should never want to be in a situation where they are suffer underwriting losses at a time where they are taking losses on the investment side as well.

He also said things would not be much different as far as underwriting losses are concerned in the next financial year despite the rise in the premium.

If there are no net underwriting losses, float is free, or more often, is a source of profit.

The annuity business generated underwriting losses of $ 178 million in 2012, $ 118 million in 2011 and $ 114 million in 2010.

Close on the heels of the finance ministry's warning to public sector general insurance companies for huge underwriting losses and their dependence on investment income for profits, a report co-authored by a former Member of the Insurance Regulatory and Development Authority of India (IRDAI) has blamed the regulatory framework and support system which tend to «over-regulate», high cost of compliance and less «development oriented» policies for the segment's woes.

It's also important to note that because of the level of regulation and the fact that prices are often forced to artificially low levels that actually result in overall underwriting losses, many carriers have left the state entirely or have no interest in writing a standalone renters policy.

If it is generating underwriting losses, the investments will have to earn at least as much per year as the losses divided by the average duration of how long the float will exist in years, in order to break even.

They simply can't stomach what huge underwriting losses do to their reported results, even though these losses are produced by policies whose overall economics are certain to be favorable.

It is very difficult to bounce back from big underwriting losses, so conservatism in reserving and rate - setting is required for long term financial success.

We then amortize this asset by making annual charges to earnings that create equivalent underwriting losses.

Annuity underwriting losses reflect the periodic discount accretion of the discounted liabilities established for such contracts as well as adjustments for mortality experience.

Running asset policies that were, in hindsight, very aggressive, they came into a period from 2000 to 2002 that would qualify as the perfect storm: large underwriting losses, losses in the equity and corporate bond markets and rating agencies on the warpath, downgrading newly weak companies at a time when higher ratings would have helped cash flow.

Unfortunately, the wish of all insurers to achieve this happy result creates intense competition, so vigorous in most years that it causes the P / C industry as a whole to operate at a significant underwriting loss.

The increase in ultimate liabilities, net of related deferred charge adjustments, produced incremental pre-tax underwriting losses in the fourth quarter of approximately $ 500 million.

It has also seen multiplying underwriting losses.

Even underwriting losses of the company improved to Rs 464.30 crore in third quarter as against Rs 1036.89 crore in same quarter last fiscal.

Online originations is a much cheaper cost of acquisition than an insurance agent, allowing the carrier to compete with lower prices and higher underwriting losses.

Private players reported underwriting losses of Rs 2,500 crore in FY 2017.

K G Krishnamoorthy Rao, managing director and CEO of the general insurance company, tells Niladri Bhattacharya that despite current underwriting losses, the company expects to break even by 2013 - 14.

Fitch's subject group reported an aggregate underwriting loss in 2017 for the first time since 2011, and a sharp reduction in operating profits.

You purchase flood insurance through an insurance agent, and the NFIP has a Write Your Own Program where big companies like Allstate and Farmers «receive an expense allowance for policies written and claims processed while the federal government retains responsibility for underwriting losses.»

Both Allstate and Geico have reported significant losses this year, with Allstate reporting a net underwriting loss of $ 13 million in the auto insurance sector.

It's also important to note that because of the level of regulation and the fact that prices are often forced to artificially low levels that actually result in overall underwriting losses, many carriers have left the state entirely or have no interest in writing a standalone renters policy.

During 2010 - 11, both Reliance General and Future Generali made underwriting losses.

However, the company closed down several of its nationwide offices, including its New Jersey office, after a $ 7 billion auto insurance underwriting loss in 2016, and is planning to continue closing offices through 2021.

But huge underwriting losses had brought down its PAT.

All combined, the storms are likely to «translate into an underwriting loss for the year», said Robert DeRose, senior director at the insurance ratings agency A.M. Best.

Berkshire said on Friday second - quarter profit fell 37 percent, reflecting a significant decline in investment gains and an underwriting loss from insurance.

After generating underwriting profits 14 years in a row, Berkshire is likely to post an underwriting loss in 2017.

I was wondering how should shareholders value the 25 percent of the float that's been created by retrocession reinsurance where the business is booked at an underwriting loss and, at times, has adversely developed.

The State Farm property - casualty group of companies reported a combined underwriting loss of $ 6.5 billion in 2017 on earned premium of $ 63.9 billion, compared to an underwriting loss of $ 5.5 billion on earned premium of $ 61.7 billion in 2016.

Never intentionally write business for an underwriting loss.

Ratings includes things like how large the capital reserves of the company are, whether or not they took an underwriting loss in the last quarter or year, what Wall Street thinks of their stock if applicable, and much more.

These charges — $ 440 million in 2002, including charges at Gen Re — create an underwriting loss, but one that is intentional and desirable.

In 1999, $ 400 million of our underwriting loss (about 27.8 % of the total) came from business of this kind and in 2000 the figure was $ 482 million (34.4 % of our loss).

Unlike Chubb which has experienced problematic economic headwinds (but excellent underwriting standards and use of capital), and unlike CINF that has had underwriting losses, Aflac has had spectacular core operation performance over the last decade.

We're coming off of years where there have been no underwriting losses, so float is magical — but the P&C insurance industry is getting more competitive, and float will no longer be costless.

For example, State Farm, by far the country's largest insurer and a well - managed company besides, incurred an underwriting loss in nine of the twelve years ending in 2012 (the latest year for which their financials are available, as I write this).

But, underwriting losses have more than doubled in the past four - five years.»

New India Assurance also saw a reduction in its underwriting losses which stood at Rs 1470 crore for nine months ended 31 December 2012, compared to Rs 1786 crore in same period in 2011.

The federal government retains responsibility for underwriting losses.

If losses and expenses exceed the premiums collected, the insurer sustains an underwriting loss.