{"id":732,"date":"2021-11-20T13:33:03","date_gmt":"2021-11-20T18:33:03","guid":{"rendered":"https:\/\/www.wikifri.com\/?p=732"},"modified":"2021-11-20T13:33:03","modified_gmt":"2021-11-20T18:33:03","slug":"3-things-swiss-re-report-hippo-losses-cat-losses-bonus-11-19-2021","status":"publish","type":"post","link":"https:\/\/www.wikifri.com\/3-things-swiss-re-report-hippo-losses-cat-losses-bonus-11-19-2021\/","title":{"rendered":"3 Things – Swiss Re Report, Hippo Losses & CAT Losses + Bonus – 11\/19\/2021"},"content":{"rendered":"

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Hi All!\u00a0 We will be taking next week off and hope you are too to enjoy Thanksgiving.\u00a0 As always we are thankful for you and hope you rest and enjoy your loved ones.\u00a0 This week we are following Swiss Re’s state of industry report, Hippo earnings, Cat and Cyber outlook along with some bonus material.\u00a0 Here are the three things we learned:<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Swiss Re Report & Autonomous Vehicle Partnership<\/strong><\/p>\n

Swiss Re supplied us with a global insurance industry outlook\u00a0report<\/a>\u00a0via their research institute.\u00a0 The outlook is positive and they predict what most economists agree with that the economy will grow and so will premiums across P&C and L&A with businesses and individuals focused on risk management in the post-COVID area.\u00a0 The other news is that they are partnering with a Chinese tech giant\u00a0Baidu<\/a>\u00a0focused on autonomous vehicle technology.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Hippo Loss Ratio & Expenses A Problem?<\/strong><\/p>\n

We just got around to looking over\u00a0Hippo earnings<\/a>\u00a0and it tells a similar story to other public insurtech carriers.\u00a0 High expenses to get their brand out there and penetrate the market along with very high loss ratios are leading them to big losses that don’t seem to be reversible anytime soon.\u00a0 The loss for the first 9 months of 2021 is $310M and is starting to accumulate into a large number.\u00a0 How many public dollars that are feeding these insurtechs have been lost so far?\u00a0 Maybe over the break we can make an exact calculation but it exceeds $2B.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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AON Reports US Severe Weather Losses Top $20B<\/strong><\/p>\n

An\u00a0AON report<\/a>\u00a0on global catastrophe losses for 2021 through October shows that the US has already passed $20B in losses.\u00a0 It has been an expensive year and October a rough month.\u00a0 The winter months ahead may bring more of the same from last year which saw the Texas Freeze and other events.\u00a0 The other major threat we have seen is Cyber and new this week is that insurers are\u00a0halving the cover provided for ransomware attacks<\/a>\u00a0to avoid major losses.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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A Bonus #4 comes from our friends at\u00a0Coverager<\/a>\u00a0announcing that Experian will acquire auto \/ home comparison startup Gabi for $320M.\u00a0 Make sure to read their thoughts on distribution being what matters most in insurance.\u00a0 Thank you for following us, we appreciate your feedback and continued support.\u00a0 Enjoy Thanksgiving, see you in December!<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

  Hi All!\u00a0 We will be taking next week off and hope you are<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\n3 Things - Swiss Re Report, Hippo Losses & CAT Losses + Bonus - 11\/19\/2021 - Wikifri<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wikifri.com\/3-things-swiss-re-report-hippo-losses-cat-losses-bonus-11-19-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Things - Swiss Re Report, Hippo Losses & CAT Losses + Bonus - 11\/19\/2021 - Wikifri\" \/>\n<meta property=\"og:description\" content=\"  Hi All!\u00a0 We will be taking next week off and hope you are\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wikifri.com\/3-things-swiss-re-report-hippo-losses-cat-losses-bonus-11-19-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Wikifri\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-20T18:33:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wikifri.com\/wp-content\/uploads\/2021\/04\/Three-Things-300x157.png\" \/>\n<meta name=\"author\" content=\"Nick Coenen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nick Coenen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.wikifri.com\/3-things-swiss-re-report-hippo-losses-cat-losses-bonus-11-19-2021\/\",\"url\":\"https:\/\/www.wikifri.com\/3-things-swiss-re-report-hippo-losses-cat-losses-bonus-11-19-2021\/\",\"name\":\"3 Things - 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