Why is personal lines underwriting so technologically backward?
Why is there so little personal lines insurance carrier investment in underwriting automation? After all, matching risk to rate is the fundamental […]
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 […]
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 […]
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. […]
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 […]
Insurers need to channel their inner Santa
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 […]
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In today’s insurance industry, carriers face significant challenges due to outdated, cumbersome technology.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 […]
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 […]
