NEW YORK–While insurance pricing cycles show no sign of disappearing, new data sources and methods could ease their sting in the coming years, a panelist at an executive forum here said yesterday.
Speaking at the annual Property-Casualty Insurance Joint Industry Forum, Safeco Chief Executive Officer Paula Rosput Reynolds said advances in automated underwriting have made the kind of flexibility leading to sharp cycles very difficult to achieve.
"The kind of price movement we have seen lately has been based on the actuarial tables," Ms. Reynolds said.
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