Industry Spotlight: Property-Casualty Insurance for Commercial Lines

Industry Spotlight: Property-Casualty Insurance for Commercial Lines

Businesses purchase insurance for vehicles, property, liability, and employees, among others. Workers’ compensation insurance is mandated by law, but most other coverages are purchased regardless. Actuarial data on historical loss trends is prevalent, but less reliable for extrapolation, for...

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This week we look at a very attractive capital-light business model: insurance distribution.

Industry Spotlight: Insurance Distribution

Insurance is generally sold “direct” by insurance companies’ paid employees or sold via agents/brokers also known as third party distributors. The economics of an agent/broker are very attractive. They charge a commission/fee for their services (typically a percentage of the premiums) and do not...

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Multi-decade low valuations and potentially higher interest rates are supporting the case for a continued rally in bank stocks.

Why the Rally in Bank Stocks Can Continue, Part 2

In part one of our blog series Why the Rally in Bank Stocks Can Continue, we discussed the improving clarity on loan losses and reserve levels, and we began examining the potential for cost saves. This week, we continue where we left off.

Cost Savings

Another way we expect banks to capitalize on...

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An update on improving bank fundamentals and loan deferrals.

Why the Rally in Bank Stocks Can Continue, Part 1

We recently published a blog entitled Banks in 2008 Versus 2020: This Time Part of the Solution, in which we contrasted the role banks played in the Global Financial Crisis versus the COVID-19 pandemic. We view banks as part of the COVID solution, evidenced by facilitation of the PPP program....

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