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Old 04-11-2014, 02:59 PM
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Default Specialty P&C

How many companies focus mainly on specialty P&C? What are some of these companies? I've come across a few in my search, but I'd like to have some other opinions.

-Riley
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Old 04-11-2014, 03:01 PM
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I work in speciality lines.
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Old 04-11-2014, 03:02 PM
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I work in speciality lines.
Did we talk on the phone today? LOL

-Riley
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Old 04-11-2014, 03:03 PM
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Despite all the stuff I say about computers, speciality lines is in the stone age technology-wise compared to personal lines like auto. A lot of stuff is still done on paper, and looking for information can sometimes be a pain (looking up reinsurance treaties, for instance). A lot of the business is done through relationships (especially commercial) - brokers are very 'clubby'. It can be tricky trying to get underwriters to believe you and persuading them to take your indications is often an art of verbal and visual sophistry rather than the numerically superior results of your models.
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Old 04-11-2014, 03:07 PM
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Originally Posted by Colonel Smoothie View Post
Despite all the stuff I say about computers, speciality lines is in the stone age technology-wise compared to personal lines like auto. A lot of stuff is still done on paper, and looking for information can sometimes be a pain (looking up reinsurance treaties, for instance). A lot of the business is done through relationships (especially commercial) - brokers are very 'clubby'. It can be tricky trying to get underwriters to believe you and persuading them to take your indications is often an art of verbal and visual sophistry rather than the numerically superior results of your models.
This sounds almost exactly like the person I spoke with today. They said a good amount of the battle is the data, since they don't have a dedicated database and have to pull the data from different businesses and different databases. Also said that another struggle is convincing businesses to use new "predictive" models. You have a guess on how many companies focus on just specialty?

-Riley
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Old 04-11-2014, 03:07 PM
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crud
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Old 04-11-2014, 03:08 PM
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Despite all the stuff I say about computers, speciality lines is in the stone age technology-wise compared to personal lines like auto. A lot of stuff is still done on paper, and looking for information can sometimes be a pain (looking up reinsurance treaties, for instance). A lot of the business is done through relationships (especially commercial) - brokers are very 'clubby'. It can be tricky trying to get underwriters to believe you and persuading them to take your indications is often an art of verbal and visual sophistry rather than the numerically superior results of your models.
Come work in personal lines with me
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Old 04-11-2014, 03:09 PM
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Come work in personal lines with me
Good! My strategy to lure dukelampard's whereabouts have succeeded. Applying to only personal lines from now on...

-Riley
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Old 04-11-2014, 03:10 PM
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it was all part of his master plan
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Old 04-11-2014, 03:15 PM
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Good! My strategy to lure dukelampard's whereabouts have succeeded. Applying to only personal lines from now on...

-Riley
You didn't do your homework. Pretty much everyone on here knows I work in personal lines,
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