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- Insurers need to channel their inner Santa December 20, 2024We all know the story: “He knows when you’re sleeping, he knows when you’re awake. He knows if you’ve been bad or […] The post Insurers need to channel their inner Santa appeared first on VeracityID.admin
- Expanding Horizons: How Continuous Risk Management Empowers Niche Carriers to Grow with Confidence December 5, 2024Small and mid-market commercial insurance carriers often specialize in niche markets, providing tailored coverage to specific industries or business segments. These carriers […] The post Expanding Horizons: How Continuous Risk Management Empowers Niche Carriers to Grow with Confidence appeared first on VeracityID.Keith Montague
- Which is Riskier? The (Fake) Bear in the Room November 26, 2024Insurance is full of surprises, but few are as wild as that story about the “bear” turning out to be a furry […] The post Which is Riskier? The (Fake) Bear in the Room appeared first on VeracityID.William Reeves
- The Domino Effect of Poor Risk Selection on Carrier Performance November 1, 2024Accurate risk selection is the heartbeat of profitability. According to Insurance Journal, for the second year in a row, the U.S. property […] The post The Domino Effect of Poor Risk Selection on Carrier Performance appeared first on VeracityID.William Reeves
- Overlooked Risks in Personal Lines: The High Cost of Missed Indicators and the Imperative for Continuous Monitoring October 31, 2024Consider the impact of fire protection classifications in homeowners insurance, where misclassifying a property’s proximity to a water source can lead to […] The post Overlooked Risks in Personal Lines: The High Cost of Missed Indicators and the Imperative for Continuous Monitoring appeared first on VeracityID.William Reeves
- What Now? Navigating Climate Risk in the New Normal October 18, 2024Hurricane Milton just struck Florida causing widespread damage, and in the wake of Hurricane Helene, insurance carriers face a major challenge: processing […] The post What Now? Navigating Climate Risk in the New Normal appeared first on VeracityID.William Reeves
- Don’t Churn Customers, Upgrade! October 4, 2024This Carrier Management piece “Soft Commercial Market Ahead: Prepare for Underwriter ‘Herd Behavior’” applies even more to Personal Lines carriers. For example, […] The post Don’t Churn Customers, Upgrade! appeared first on VeracityID.William Reeves
- Seamlessly Transforming Legacy Systems Without Major Overhaul September 27, 2024In today’s insurance industry, carriers face significant challenges due to outdated, cumbersome technology. As P&C Specialist highlights, even major players like Liberty […] The post Seamlessly Transforming Legacy Systems Without Major Overhaul appeared first on VeracityID.William Reeves
- Personal line carrier success requires active management throughout the policy lifecycle September 12, 2024In today’s unpredictable world, carriers must ensure that both personal lines—home and auto—are not only adequately covered but also meticulously assessed for […] The post Personal line carrier success requires active management throughout the policy lifecycle appeared first on VeracityID.William Reeves
- The Personal Lines Churn Crisis September 4, 2024The insurance industry is in the midst of a quiet crisis: according to PropertyCasualty360, customers are jumping ship at alarming rates. In auto […] The post The Personal Lines Churn Crisis appeared first on VeracityID.William Reeves
