Carriers
In 2022, which P&C carrier had the largest market share?
Market Share>website
State Farm
Where would you go to review the Chubb Financial Results and other Documents?
Hint: CL Competitive Intelligence SharePoint
Commercial Line Carrier Earnings - Select Chubb
What was Travelers 3Q 2023 combined ratio?
97.7%
What is a critical coverage to include for pickleball facilities?
(PropCas360)
Participant accident coverage
Inflation is considered an economic _ _ _ _ _ _ _ _ (8) for overall profitability as costs rise and consumers/businesses have less purchasing power
Headwind
In 2022, which of the top 10 carriers had the lowest CR?
Market Share>website
Chubb
What tool would you use when reviewing Trade Publications?
Hint: Tools & Resources
Competiscan
What was MarketScout’s 2Q 2023 commercial property average rate increase?
10.7%
What is the most aggressive dog breed, according to American Temperament Test Society (ATTS)?
(PropCas360)
Chihuahua
One cause of higher property replacement costs is that demand is greater than _ _ _ _ _ _ (6)
Supply
This carrier has seen BA DWP increase 58% since 2018 and is catching up to NW as of 2022?
Market Share>website
Auto Owners Insurance Group
Which Data Source contains detailed in depth report cover the P&C commercial industry?
Hint: Tools & Resources
Conning
Who are the top 3 U.S. carriers based on DWP, according to the NW Library?
State Farm, Berkshire Hathaway, & Progressive
What is the year over year increase in ransomware activity, according to the Global Ransomware report?
(PropCas360)
95%
According to the August 2023 CP Insights, economic _ _ _ _ _ _ _ _ _ _ (10) may cause insureds to delay maintenance and repairs. This is a low frequency, but high impact event
Volatility
In Q2 2023, how much did Zurich's CP rate change from Q2 2022 (%)?
Commercial Lines Carrier Earnings
18%
What are some sources of published Insights?
Hint:PPT
A.M. Best, Comnning, Lockton, Triple-I, USI, Willis Towers Watson, Verisk
How many pages are in the Verisk 2023 Global Modeled Catastrophe Losses report?
15
What % of the US population resides in coastal counties, according to NOAA?
(InsBusAmerica)
40%
Generally speaking, in retail and other discretionary sectors, weaker consumer/public _ _ _ _ _ _ _ _ _ (9) leads to lower sales
Sentiment
According to the CL CI Blog: 2Q 2023 Earnings Results, which carrier stopped writing new BOP policies in CA in October 2023?
Commercial Lines Carrier Earnings
Liberty Mutual
What are some external sources of standard commercial Market Intelligence?
Mckinsey & Company, S&P Global Market Intelligence, Carrier websites or Agents
What tool provides a searchable, online database of direct marketing collateral and communications?
Competiscan
What is the record-breaking amount of losses from Severe Convective Storms in the US in 2023?
(InsJournal)
$50B
If a consumer chooses fast food over a typical sit down restaurant due to a weak economy or inflation, this is known as the _ _ _ _ _ _ _ _ _ _ _ _ (12) effect.
Substitution