ProWriters

JANUARY 3, 2024

The trajectory of average D&O Insurance premiums has been a critical barometer for Cyber Insurance brokers keen on gauging the market’s pulse. After a tumultuous 2021 , the horizon seemed promising as brokers witnessed a stabilization of D&O pricing in 2022.

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Word & Brown

AUGUST 16, 2024

Many brokers choose to partner with Word & Brown. Plus, our value-added extras – like free COBRA admin and a Premium Only Plan for qualified groups – will help you nurture your client relationships for a long-term connection. You won’t have to wade through PDFs or scroll lots of web pages anymore.

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Distinguished

AUGUST 5, 2024

Affects homeowner premiums : If a claim needs to be made for one of your clients’ toys, that claim could lead to increased premiums on their homeowner’s insurance, a financial burden that may not be worth the claim. Property and Liability products are distributed through a national network of agents and brokers.

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ProWriters

NOVEMBER 18, 2024

After several years of dramatic rate fluctuations, insurers, brokers, and businesses are bracing for what could be a defining year for D&O premiums. The D&O Insurance market experienced a favorable underwriting performance in 2023, with the sector seeing its best loss ratio since 2014.

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Premium Cyber Insurance Broker Insurance 52

Cowbell

AUGUST 20, 2024

In two years, he successfully implemented over 20 partnerships with major insurance brokers and significantly enhanced Arch’s digital presence while optimizing the underwriting process through automation, culminating in improved user interfaces and portals.

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Cyber Insurance Broker Underwriter Underwriting 105

Neilson Marketing Services

OCTOBER 23, 2024

You can refine your outreach efforts by focusing on agencies with the right premium volumes, specialties, and relationships with specific carriers. In less than a year, they doubled their revenue from brokered accounts, with a 138% growth rate, and increased their year-over-year revenue by 24% in 2023.

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AMAXX

JULY 30, 2024

So this is your premium adjustments, and these are discretionary adjustments that can be given by your underwriter based on how well they perceive you managing your risk, how well they perceive you managing your risk. You’re gonna have to some of these premium adjustments. It’s it’s not showing me that you do.

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Workers Comp Risk Workers Compensation Injury 52

Zywave

NOVEMBER 13, 2024

Distribution & Quoting You can’t build your cyber business if you don’t get your coverage in front of the right brokers and their clients. Zywave’s proprietary data tools are designed to help you improve your underwriting efficiency, refine your rates and better educate policyholders on the risks they may face.

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Property Insurance Centre

NOVEMBER 11, 2024

” or can’t get the insurance you deserve for that matter – insurance with reasonable premiums and without unnecessary restrictions. In other cases, it will be due to underwriting appetite of insurers and their ever changing attitudes to risk.

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Property Insurance Centre

JANUARY 4, 2024

Inflation drives up property valuations , construction costs , and insurance premiums. This has resulted in higher premiums and limited coverage in catastrophe-exposed areas. Insurers are investing in advanced technology and data analytics to improve risk assessment and underwriting processes.

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Property Insurance Commercial Property Liability Insurance 52

Distinguished

SEPTEMBER 17, 2024

If we are comfortable with our exposure, we may consider increasing the AOP deductible and the theft deductible , depending on the underwriting analysis. Are there any emerging trends in the construction industry that are impacting builder’s risk underwriting? We bound the policy for a six-month term, and the premium was $1,300.

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Risk Broker-Agent Deductible Insurance 52

Cowbell

AUGUST 26, 2024

Caroline Thompson, Chief Underwriting Officer added, “Cowbell’s underwriting process integrates data points from security tools and application questions. This might involve adjusting premiums or coverage terms based on the effectiveness of an organization’s use of the security features.

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Cyber License Insurance Insurer 59

Distinguished

SEPTEMBER 10, 2024

However, every project is different, so underwriters will determine the final cost of a policy based on the following factors: Location : Construction sites near bodies of water, in higher crime areas, or that include some other unique risk factor would increase the cost of the policy. Sign in to our Broker Portal. Register with us.

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Risk General Liability Broker-Agent Insurance 52

Distinguished

AUGUST 12, 2024

When determining the end price of a policy, our underwriters will look at a number of factors that can influence whether the final premium will be closer to 1% or 5% of the total project cost. Expertise : Our underwriters have been insuring Builder’s Risk projects for years. In most cases, you’ll get a quote back instantly.

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Risk Broker-Agent Insurance Insurer 52

Property Insurance Centre

AUGUST 8, 2024

However, if it goes more long term the insurers can at worst pull cover entirely leaving you to search the market for an alternative, or perhaps apply more stringent conditions and charge a rather large additional premium – usually refundable on a pro-rata basis, assuming you are able to let the property out again!

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Insurance Insurer Insured Premium 52

Word & Brown

OCTOBER 31, 2024

The post 5 Strategies to Help Insurance Agents Win Over New Clients appeared first on The Insurance Broker Blog. Or if you’re not already doing business with us, call 800-869-6989 or get started by filling out our online form.

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Majesco

APRIL 25, 2024

Policy management flows smoothly from shortstop (underwriting) to second base (billing) to first base (customer service). It’s a double play—claims processed swiftly, premiums collected seamlessly, and customers satisfied. Now, imagine the infield—shortstop, second baseman, and first baseman—all working in harmony.

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Majesco

FEBRUARY 15, 2024

Carriers must balance speed and accuracy to deliver precise risk evaluation, with the expectation and result of comprehensive and fair premium pricing for both the insurer and its policyholders. Let’s These types of risks often require specialized knowledge and underwriting expertise.

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Policyholder Broker-Agent Risk Broker 40

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

Louisiana Insurance Commissioner Tim Temple – a self-described “unicorn” among insurance regulators, given his decades-long background in the industry as an agent, broker, and company president – even renamed programs to address “legal system abuse” when he assumed office in January.

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Healthinsurance.org

JANUARY 23, 2024

In fact, medical underwriting hasn’t been used for individual/family health insurance policies since 2013. So pre-existing conditions will not affect the premium or the person’s eligibility for coverage. It’s important to note that Marketplace premium subsidy eligibility is based on income, and assets are not taken into consideration.

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Premium Policy Insurance Broker Underwriter 52

Word & Brown

NOVEMBER 7, 2024

Here are seven proven techniques to help you close more sales as a health insurance agent or broker. Sell the value Make sure you talk with your customer about what makes the product you’re recommending a better choice for their specific situation, as compared to something from another carrier (or another broker).

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Broker-Agent Out-Of-Pocket Insurance Insurer 52

Jackson & Jackson

MAY 22, 2024

For instance, properties in high-risk areas for wildfires or earthquakes may require additional coverage or face higher premiums. Additionally, factors like proximity to high-risk areas, building age, and the property’s history of claims can affect insurance premiums.

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Property Insurance Commercial Property Commercial Insurance 52

Distinguished

JULY 22, 2024

At Distinguished Programs, our specialty fine art and collectibles insurance offers several key advantages over relying solely on homeowners insurance: Doesn’t Affect Homeowner Premiums : If your client needs to file a claim, it won’t impact their homeowner’s insurance premiums.

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Insurance Insurer Insured Policy 52

Distinguished

SEPTEMBER 25, 2024

Soft costs : Additional expenses caused by a covered claim that are not related to building materials, equipment, or other hard costs; these soft costs could include additional reinspection fees, increased tax burdens, and insurance premiums. Access our online Broker Portal. Submit your client’s information for a quote.

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Risk Broker-Agent Insurance Insurer 52

Distinguished

NOVEMBER 7, 2024

The surety’s role is complex, as it must diligently assess the risks associated with underwriting bonds. This heightened risk necessitates more substantial bonds, often with higher premiums, to cover potential defaults or non-payment issues. Performance and payment bonds become crucial in managing these risks.

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Claim Compensation Risk Broker-Agent 52

Majesco

NOVEMBER 21, 2024

By moving the business to next-gen cloud intelligent core platforms with embedded technologies like APIs, microservices, AI/ML models, GenAI, and digital, insurers can drive down operational costs and increase premium growth…bending the cost curve and creating competitive differentiation in a tightly contested industry.

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Freeway Insurance

OCTOBER 26, 2023

Your age, driving record, and the insurance regulations in the state in which you live are among the chief determining factors that will set your premiums. Brokers who only work for one insurance company can only offer policies from that single source. But that’s only for starters.

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Crime Auto Insurance Insurance Insurer 52

Majesco

FEBRUARY 22, 2024

Innovation includes exciting forward-facing technologies and creative day-to-day operation models, like underwriting transformation, that enable the company to move in new directions. With direct premiums written rising 24% as compared to 2021, MGA growth outpaced the overall P&C market by 10.5% with $85.5B in 2022 following 28.8%

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Broker-Agent Insurance Insurer Insured 40

Healthinsurance.org

JUNE 5, 2024

But the rule also clarified that was before the ACA’s premium subsidies were enhanced by the American Rescue Plan and Inflation Reduction Act – legislation that made Marketplace coverage more affordable and perhaps reduced the number of people who opted for STDLI. million people might be enrolled in STLDI.

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Jackson & Jackson

AUGUST 16, 2024

As a result, insurance companies have had to reassess their strategies for covering properties in high-risk fire zones, leading to higher premiums and coverage limitations for homeowners in these areas. The state’s dry climate and strong winds create ideal conditions for wildfires to spread rapidly, putting homes at risk of destruction.

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