The Domino Effect of Poor Risk Selection on Carrier Performance
Accurate risk selection is the heartbeat of profitability. According to Insurance Journal, for the second year in a row, the U.S. property […]
Overlooked Risks in Personal Lines: The High Cost of Missed Indicators and the Imperative for Continuous Monitoring
Consider the impact of fire protection classifications in homeowners insurance, where misclassifying a property’s proximity to a water source can lead to […]
What Now? Navigating Climate Risk in the New Normal
Hurricane Milton just struck Florida causing widespread damage, and in the wake of Hurricane Helene, insurance carriers face a major challenge: processing […]
Don’t Churn Customers, Upgrade!
This Carrier Management piece “Soft Commercial Market Ahead: Prepare for Underwriter ‘Herd Behavior’” applies even more to Personal Lines carriers. For example, […]
Seamlessly Transforming Legacy Systems Without Major Overhaul
In today’s insurance industry, carriers face significant challenges due to outdated, cumbersome technology. As P&C Specialist highlights, even major players like Liberty […]
The Personal Lines Churn Crisis
The insurance industry is in the midst of a quiet crisis: according to PropertyCasualty360, customers are jumping ship at alarming rates. In auto […]
Personal line carrier success requires active management throughout the policy lifecycle
In today’s unpredictable world, carriers must ensure that both personal lines—home and auto—are not only adequately covered but also meticulously assessed for […]
Progressive shows the competition how to micro-focus on risk during transactions rather than amputate in a panic later.
Recent shocks from Covid, the Ukraine conflict, and the recession have severely damaged most personal line carriers’ profitability. For example, Geico, a […]
Pet Insurance is big but do the players really understand the risk?
The Pet Insurance business is growing and evolving rapidly. But does anyone really know what they’re doing? No long track record with […]
Cat Losses Wreaking Havoc: How Can Carriers Turn Chaos to Their Advantage?
Progressive’s recent financial woes, highlighted in a June 14th P&C Specialist report, paint a grim picture for the insurance industry. The company’s […]
To Speed Insurance IT Innovation, Get Innovation Out of IT
Speeding IT innovation processes is good but empowering non-IT staff to innovate without requiring costly coding is better.
So Much Data, So Few Results
The insurance market is filled with data venders gathering risk-related data on insurance customers to ensure that underwriting decisions are accurately tied […]
