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  • Carrier agility is a vital skill in Personal Lines P&C January 31, 2025
    Carrier agility is becoming an increasingly vital skill, yet according to this story from P&C Specialist, some carriers are still struggling two […] The post Carrier agility is a vital skill in Personal Lines P&C appeared first on VeracityID.
    William Reeves
  • Another data magic bullet backfires January 30, 2025
    Allstate is being sued by Texas over its attempt to use its app to monitor customer driving behavior. It always surprises me […] The post Another data magic bullet backfires appeared first on VeracityID.
    William Reeves
  • Insurers need to channel their inner Santa December 20, 2024
    We 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, 2024
    Small 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, 2024
    Insurance 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, 2024
    Accurate 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, 2024
    Consider 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, 2024
    Hurricane 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, 2024
    This 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, 2024
    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 post Seamlessly Transforming Legacy Systems Without Major Overhaul appeared first on VeracityID.
    William Reeves
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