Triple-I: Homeowners Insurance

OCTOBER 10, 2024

property and casualty insurance industry experienced better-than-expected economic and underwriting results in the first half of 2024, according to the latest forecasting report by Triple-I and Milliman. Much of the overall underwriting gain was due to growth in personal lines net premiums written. represented a 2.3-points

Commercial 68

Commercial Underwriting Underwriter General Liability 68

Majesco

MARCH 27, 2025

When she recently realized that her premiums for both vehicles were nearly identical (and they had both gone up), she called her insurance agent. The agent suggested a telematics-based insurance product for the convertible to optimize pricing. The potential premium savings are worth the data sharing. They buy differently.

Auto Insurance 52

Auto Insurance Insurance Insurer Insured 52

Triple-I: Homeowners Insurance

JUNE 27, 2024

By Lewis Nibbelin, Guest Blogger for Triple-I Home and auto insurance premium rates have been a topic of considerable public discussion as rising replacement costs and other factors – from climate-related losses to fraud and legal system abuse – have driven rates up and, in some states, crimped availability and affordability of coverage.

Underwriting 52

Underwriting Underwriter Insurance Insurer 52

Triple-I: Business Insurance

AUGUST 11, 2022

The property & casualty insurance industry’s combined ratio – an indicator of underwriting profitability – is forecast at 100.7 Combined ratio represents the difference between claims and expenses paid and premiums collected by insurers. Losses have been driven by significant deterioration in the personal auto line.

Underwriting 40

Underwriting Underwriter Workers Compensation Premium 40

TGS

NOVEMBER 20, 2024

It’s one of those questions that might catch you off guard—after all, what does borrowing history have to do with insuring your home? Let’s explore how and why your credit score affects your home insurance , what insurers are really looking at, and what you can do to keep your premiums manageable. Turns out, quite a bit.

Home Insurance 52

Home Insurance Premium Insurance Insurer 52

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

As we’re trying to raise awareness of this problem with consumers, ‘social inflation’ doesn’t work,” said discussion moderator and Triple-I’s Chief Insurance Officer Dale Porfilio. But as the state’s bodily injury claims climb well over the national average, more reform is needed to return insurance profitability to the state.

Out-Of-Pocket 65

Out-Of-Pocket Broker-Agent Premium Claim 65

Freeway Insurance

OCTOBER 26, 2023

Does where you live have an impact on how much you pay for car insurance? Surprisingly, it does indeed make a difference where you live when your insurer is determining what you’ll be quoted for your auto insurance coverage. What Other Factors Determine What I’ll Pay for Auto Insurance?

Crime 52

Crime Auto Insurance Insurance Insurer 52

American Agents Alliance

MARCH 3, 2025

AI has rapidly transformed the insurance industry and more changes will continue as the technology and use cases mature. New efficient processes and workflows for underwriting, claims, policy administration, billing, and customer service have been implemented across the industry.

Broker-Agent 52

Broker-Agent Broker Agents Risk 52

Majesco

OCTOBER 10, 2024

[ii] According to the Insurance Journal article, Progressive “outdistanced” GEICO on growth and profitability measures in the first quarter with Progressive reporting a 12% increase in written premiums and a combined ratio of 94.5, points from first-quarter 2021.

Risk 40

Risk Auto Insurance Premium Underwriter 40

InsuredMine

OCTOBER 25, 2024

Rise of Usage-Based Insurance (UBI) Usage-based insurance models are expected to become more widespread across various insurance lines. Blockchain and Smart Contracts Evolution Blockchain technology and smart contracts will mature to streamline insurance operations and enhance transparency.

Risk 59

Risk Insurance Industry Business Interruption Claim 59

Majesco

DECEMBER 12, 2024

Insurers pulled reports and data that were freely available. These were sufficient to improve underwriting or claims. But the good news for insurers and their desire to use AI is that data is important enough now to have a face of its own customers think about it and most customers understand how it improves risk and pricing.

Insurance 40

Insurance Insurer Insured Risk 40