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 compete to increase their market share? ...
John DoeAs property/casualty insurers increase their focus on predicting and preventing costly damage that drives up claims and premiums, telematics technology has come to play an increasing role. From video doorbells that reduce theft and vandalism to “smart plumbing” solutions that detect leaks and shut off water before in-home flooding can occur, these technologies clearly offer value to homeowners and insurers. ...
John DoeToday’s insurance agencies rely on an average of 5.7 to 11.9 different technology platforms for day-to-day operations, depending on their total revenue. For large-scale carriers managing multiple agencies and their downstream producers, it’s likely that number is even higher. While this level of digital innovation represents a positive change in the insurance industry’s ability to offer modern experiences to its consumers and efficient workflows to its employees, cultivating a more robust tech stack doesn’t come without challenges. ...
John DoeFor the legal profession, 2024 marked a dramatic shift for lawyers, as legal professionals embraced transformation at an unprecedented pace across technology adoption, risk management, and business strategy. ...
John DoeIn the context of fractious global trade dynamics, businesses have no choice but to adapt their strategies for planning, pricing and protection. The interconnected nature of the global economy means that instability in one sector often has ripple effects across others. ...
John DoeBy Lewis Nibbelin, Contributing Writer, Triple-I ...
John DoeBy Lewis Nibbelin, Contributing Writer, Triple-I ...
John DoeRecently, 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 cyber claims management. ...
John DoeBy Loretta Worters, Vice President, Media Relations, Triple-I ...
John DoeIn an evolving and increasingly complex insurance environment, the role of the retail insurance broker has become significantly more demanding – and more valuable. Gone are the days when success was measured solely by policy placement. ...
John Doe
