A.M. Best improved its outlook for commercial lines in the U.S. to "stable," citing fundamental changes to insurers’ underwriting and pricing practices that include the use of data analytics.
A.M. Best held a negative outlook for the commercial lines segment since the beginning of 2011.
“To compensate for the lower investment returns of the last several years, the commercial segment companies have leveraged data and analytics to better establish pricing at both the line of business/classification and individual risk levels,” A.M. Best said in a report thi...
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