How the ‘80% Rule’ Impacts Your Home Insurance: A Complete Guide to Avoiding Costly Mistakes
Key Takeaways: It’s important to understand the difference between ‘replacement value’ and ‘market value’ which can significantly impact your insurance coverage. Ensure your homeowner’s insurance coverage meets the 80% rule…
The guide to generative AI for insurance | Insurance Blog
Insurers that focused on modernizing technology and improving their data, analytics and artificial intelligence (AI) capabilities are now able to incorporate generative AI (gen AI) as a natural next step…
Home Insurance Dropped? Essential Steps to Reclaim Coverage
Your home insurance can be dropped for a handful of reasons (and that list is getting longer and longer.) For homeowners, it’s a harrowing experience filled with anxiety and even…
Texting While Driving Ticket Increases Auto Insurance Premiums
Key Takeaways: Drivers with a texting or distracted driving violation are penalized by insurance companies with an average increase of 27% in annual premiums. Teens are especially susceptible to texting…
7 strategic cyber steps for the Chief Underwriting Officer | Insurance Blog
Cyber is an expanding net-new growth area with opportunity to deliver a compelling insurance offering especially in the mid-market. Yet, the path to becoming a market-leading and profitable cyber insurer…
Navigating the next era of growth in insurance brokerage | Insurance Blog
The brokerage market has enjoyed a period of sustained revenue growth, profitability, and shareholder value, driven by favorable macroeconomic conditions. M&A activity has flourished due to easy access to inexpensive…
What does market-leading cyber claims management look like? | Insurance Blog
Recently, many leading insurers have applied transformative solutions to enhance their cyber products. With the cyber insurance market projected to double to $29B by 2027, we explore what constitutes market-leading…
Beyond premiums: What really drives customer loyalty? | Insurance Blog
Personal lines insurance is very price-sensitive. As discussed previously, maintaining a 20+% expense ratio is not feasible for insurers. Beyond pricing, what truly fosters customer loyalty, and how can insurers…
5 areas of algorithmic underwriting advantage | Insurance Blog
Use of algorithmic underwriting is increasing across the insurance industry. With enhanced decision-making and improved risk assessments, an algorithmic approach to underwriting can optimize operations for insurers and experience for…
4 strategic ways to achieve a 12 – 15% expense ratio | Insurance Blog
Navigating the competitive P&C personal lines market The global P&C personal lines market, which historically saw premium growth at 3%, has risen sharply to more than 15% in the last…