You can’t always price right
Weak risk selection forces carriers to be pricing prophets. P&C Specialist reports on the amazing range of personal auto loss ratios being […]
The storm exposes the risk. But are you ready for it?
Another catastrophe, another headline. This time, California is investigating State Farm’s handling of wildfire claims – scrutinizing delays, denials, and service breakdowns […]
Auto insurance risks are changing rapidly; to survive, carriers must get far better at picking risks
In nature, the ones that survive aren’t the biggest or strongest. They’re the ones that adapt the fastest. And in an accelerating […]
There are six critical points where excess insurance risk can be mitigated – but you must focus on them all
Across the insurance policy cycle there are six crucial points where having a clear insight into the truthfulness and intentions of customers […]
The digital market is here, you need digital armor to compete
JD Power recently reported some surprising news: 47% of all auto policies are now transacted digitally, with another 17% through call centers. […]
Underwriting fraud isn’t hard to find and stop – if you’re prepared
Underwriting fraud isn’t subtle-it’s just that most carriers haven’t done the work to automate detection and elimination in the limited time available. […]
Bundling isn’t a strategy
P&C specialist reports that Personal Lines carriers are increasingly turning to product bundling strategies to defend their market share and margins. Bundling […]
Progressive is growing so fast because they know that the key to insurance success is advanced risk selection
Progressive has mastered the art of turning insurtech into profit, while the rest of the personal lines insurance industry continues to miss […]
Love Your Good Customers, Especially Those in Tough Markets
In the complex world of insurance, it’s tempting to lump policyholders into neat categories based on their perceived risk: good segments, bad […]
Carrier agility is a vital skill in Personal Lines P&C
Carrier agility is becoming an increasingly vital skill, yet according to this story from P&C Specialist, some carriers are still struggling two […]
Another data magic bullet backfires
Allstate is being sued by Texas over its attempt to use its app to monitor customer driving behavior. It always surprises me […]
Which is Riskier? The (Fake) Bear in the Room
Insurance is full of surprises, but few are as wild as that story about the “bear” turning out to be a furry […]
