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Horned Frog Athletics
Scott & Wes Frog Fan Forum
OT: homeowners insurance
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<blockquote data-quote="frogs9497" data-source="post: 3299580" data-attributes="member: 3019"><p>I work in both the domestic and international reinsurance markets. Carrier reinsurance costs are out of control. Carriers are reducing exposures to limit the impact of these higher costs by nonrenewing policies, declining new business, or simply exiting states/regions. And when carriers intentionally reduce business, premium revenue drops (duh). So, carriers are raising premiums to offset. Their goal is to maintain the same level of premium income with less exposure (fewer risks). The savvy ones (i.e. those with more sophisticated/talented actuarial and underwriting teams) are able to actually grow revenue, improve profitability and lower exposures simultaneously.</p><p></p><p>Carrier underwriting results on retained business have also been poor.. Texas, for example, has had a very active weather season this year, as CAT events have increased dramatically in both frequency and severity.</p></blockquote><p></p>
[QUOTE="frogs9497, post: 3299580, member: 3019"] I work in both the domestic and international reinsurance markets. Carrier reinsurance costs are out of control. Carriers are reducing exposures to limit the impact of these higher costs by nonrenewing policies, declining new business, or simply exiting states/regions. And when carriers intentionally reduce business, premium revenue drops (duh). So, carriers are raising premiums to offset. Their goal is to maintain the same level of premium income with less exposure (fewer risks). The savvy ones (i.e. those with more sophisticated/talented actuarial and underwriting teams) are able to actually grow revenue, improve profitability and lower exposures simultaneously. Carrier underwriting results on retained business have also been poor.. Texas, for example, has had a very active weather season this year, as CAT events have increased dramatically in both frequency and severity. [/QUOTE]
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OT: homeowners insurance
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