Expense reduction is a band-aid, Advanced Risk Selection is the cure
Why are carriers doing so much expense reduction? Simple, it’s a proven and relatively quick strategy for getting results when profitability is […]
Which tropical storm risks to focus on
In Why are tropical storm catastrophes so catastrophic for insurance carriers? We argued the key to effective management of these catastrophes is […]
Insurance AI risk scoring solutions have a problem, we have a solution
If this article is any indication, personal lines carriers have no idea how to eliminate algorithmic bias from their AI/Machine Learning risk […]
The more the policy “churn”, the more valuable micro-risk selection becomes
The Insurance Journal brings us the news that customers are upset by rapidly rising auto insurance rates and are doing something about […]
Younger insurance customers are different – which means trouble for carriers
Carrier Management recently published a poll that showed a shocking difference in the honesty of young insurance consumers versus older ones. When […]
Why are tropical storm catastrophes so catastrophic for insurance carriers?
Hurricane Ian caused over $112.9 billion in damage, serving as a reminder how a single hurricane can derail a whole industry’s performance. […]
Things Carriers Need to Do Right Now – Rooftop Solar
Solar panels are a popular green, and cost-effective solution for generating renewable energy. However, it is crucial to be aware of the […]
Things Carriers Need to Do Right Now – Lithium Batteries
SAN FRANCISCO — Yogi and Carolyn Vindum were still asleep late last year when their Tesla Model S beamed an alert that […]
Geico falls into third place behind Allstate
Geico falls behind Allstate in Personal Lines revenue although it remains a dominating third in Auto. Has Geico’s low-cost direct auto business […]
Risk mitigation and the cooperative insurance customer
Interesting survey results from Bain via P&C Specialist suggest that far more than prior generations millennial consumers are expecting their carriers to […]
How will insurance regulators evaluate AI/Black Box underwriting decisions?
There is quite a bit of auto insurance industry activity and discussion around using AI machine learning models to identify bad risks […]
What Progressive’s 3rd Quarter homeowner’s losses tell us
First the obvious: Unique among its large carrier peers, Progressive participates in the Florida market and Hurricane Ian is responsible for its […]