Commercial auto insurers have posted an underwriting loss for 12 of the last 13 years. According to S&P Market Intelligence, despite the physical damage line of business improving to profitability with a sub-100 combined ratio, that was outweighed by the commercial auto liability side, whose poor performance dragged the aggregated commercial auto business to a 109.2% combined ratio in 2023.
Join Insurance Insider, in partnership with S&P Global Market Intelligence, for a free webinar, 10:30 EST/15:30 GMT, Nov. 19, where we will explore what’s driving the uptick in liability losses and how insurers can respond.
Discussion questions include:
--Overview of the state of commercial auto market
--What is behind the increase in liability losses
--What tools can insurers use to better manage commercial auto liability claims
--How has pricing been impacted
--What is the role of state regulation
--What emerging risks are a concern
Speakers:
Tim Zawacki, Insurance Sector Strategist, S&P Global Market Intelligence
Dan Murray, Senior Vice President, American Transportation Research Institute
Jason Kunert, Head of Claims, Amwins