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The InsurTech was also removed from under review, negative. -
Surplus lines are still strong, but not the standout they used to be.
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Newly released annual stat filings on reserve data show some troubling trends.
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Last month’s inflation figures were lower than expected, but tariffs continue to loom.
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Auto and homeowners’ insurance will see effects from the tariffs.
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The industry continues to take reserve addition medicine in smaller doses than recommended.
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The funding round valued the company at around $850mn.
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Excess/umbrella liability and commercial auto broke the trend with high price increases, however.
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Workers' comp continued to offset GL adverse development, but the bucket is running dry.
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Approximately 12% to 13% of Skyward’s premium was in commercial auto in Q4.
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Technology is key to streamlining the value chain and mitigating loss ratios.
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Cyber premiums dropped 1.8%, while commercial auto was up 8.9%.
