Remove Auto Insurance Remove Insurance Carrier Remove Policyholder
article thumbnail

What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

The global economy is increasingly interconnected, and even in industries like insurance, global issues like supply chain challenges, tariffs, and trade agreements can have significant impacts. While the relationship between tariffs and insurance costs can seem unrelated, tariffs can increase costs for insurers and policyholders.

Agents 52
article thumbnail

Human Needs Drive Insurance and Should Drive Tech Solutions

Triple-I: Homeowners Insurance

Role of telematics Usage-based insurance, for instance, allows insurers to tailor auto rates based on the policyholders driving behavior, tracked by telematics. The success of these devices has spurred numerous insurance carriers, including Nationwide, to pay for and distribute them to customers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Blog Post: Legal Challenge to IL Swipe Fee Law, Possible Delay of New WA Insurance Premium Transparency Requirement & More

LexisNexis

Phase 1 of the rule, which took effect in June of this year, requires homeowners and auto insurers to disclose to policyholders why their premiums have increased when asked. INSURANCE JOURNAL ) FL Insurers Not Liable for Bank Error The U.S.

Premium 40
article thumbnail

How to Not Suck at Being an Insurance Agent

Redbird Agents

A high turnover rate in the insurance industry is often due to unrealistic expectations about the career path, lack of initial support or training, difficulty in building a sufficient client base, and the stress related to income instability. What type of insurance agent? Why is selling life insurance hard?

article thumbnail

Gamification in Insurance: Everything You Should Know

Leadsurance

Regardless of how the word makes you feel it is worth learning about considering that many of the big insurance carriers like Progressive are using gamification in their business. Can gamification be used in different insurance plans? How can gamification help insurance companies increase sales?

article thumbnail

The Pressures of Operational Optimization

Majesco

I hope in the next 12-18 months, carriers will start extending these programs into larger parts of their portfolios. We are starting to see it on homeowners insurance. Insurers are giving devices to policyholders that address these problems in order to improve the loss ratio. This applies to auto as well.