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- 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Without Major Overhaul September 27, 2024In today’s insurance industry, carriers face significant challenges due to outdated, cumbersome technology.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
- Progressive shows the competition how to micro-focus on risk during transactions rather than amputate in a panic later. August 7, 2024Recent shocks from Covid, the Ukraine conflict, and the recession have severely damaged most personal line carriers’ profitability. For example, Geico, a […] The post Progressive shows the competition how to micro-focus on risk during transactions rather than amputate in a panic later. appeared first on VeracityID.William Reeves
- Pet Insurance is big but do the players really understand the risk? June 27, 2024The Pet Insurance business is growing and evolving rapidly. But does anyone really know what they’re doing? No long track record with […] The post Pet Insurance is big but do the players really understand the risk? appeared first on VeracityID.William Reeves
- Cat Losses Wreaking Havoc: How Can Carriers Turn Chaos to Their Advantage? June 17, 2024Progressive’s recent financial woes, highlighted in a June 14th P&C Specialist report, paint a grim picture for the insurance industry. The company’s […] The post Cat Losses Wreaking Havoc: How Can Carriers Turn Chaos to Their Advantage? appeared first on VeracityID.William Reeves
- To Speed Insurance IT Innovation, Get Innovation Out of IT June 11, 2024Speeding IT innovation processes is good but empowering non-IT staff to innovate without requiring costly coding is better. The post To Speed Insurance IT Innovation, Get Innovation Out of IT appeared first on VeracityID.William Reeves
- So Much Data, So Few Results June 11, 2024The insurance market is filled with data venders gathering risk-related data on insurance customers to ensure that underwriting decisions are accurately tied […] The post So Much Data, So Few Results appeared first on VeracityID.William Reeves
