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. for 2022, up 1.2 They presented their findings at a Triple-I members-only virtual webinar.

Underwriter 40

Underwriter Underwriting Workers Compensation Premium 40

Distinguished

MARCH 19, 2025

Rising habitability claims and increased litigation have further shaped insurers policies, making the proactive role of brokers more important than ever. These cases often focus on whether an insurer is required to cover damages when a policyholder has violated housing codes or other regulations. Katie is based in Rhode Island.

Building 52

Building Broker Damage Insurance Broker 52

Distinguished

MARCH 17, 2025

With infractions ranging from heating failures to illegal conversions, understanding these issues is essential for assessing risk and underwriting policies. These cases often focus on whether an insurer is required to cover damages when a policyholder has violated housing codes or other regulations. Katie is based in Rhode Island.

Broker 52

Broker Insurance Broker Building Underwriting 52

ProWriters

FEBRUARY 7, 2025

AI-driven advancements in malicious tactics mean brokers must account for evolving risks in the underwriting process. As a result, policyholders benefit from nuanced coverage better reflecting their cyber security needs. No insurance broker or agent today can afford to ignore the presence of artificial intelligence in cyber security.

Cyber 53

Cyber Broker-Agent Broker Liability 53

InsuredMine

DECEMBER 26, 2024

The technologies enable agencies to: Enhance Risk Assessment Accuracy Today insurtech platforms integrate multiple data sources, and historical claims data, to create more precise risk models. How InsurTech Improves Claims Management InsurTech companies leverage automation to simplify the claims process.

Risk 105

Risk Claim Building Financial Loss 105

American Agents Alliance

MARCH 3, 2025

New efficient processes and workflows for underwriting, claims, policy administration, billing, and customer service have been implemented across the industry. This could result in an E&O claim against the agent for not including the proper endorsement. The potential exists for bias in AI to affect pricing and underwriting.

Broker-Agent 52

Broker-Agent Broker Agents Risk 52

Distinguished

MARCH 21, 2025

These cases often focus on whether an insurer is required to cover damages when a policyholder has violated housing codes or other regulations. She oversees the programs strategic planning, product management, and underwriting profitability. Yes, several legal precedents have shaped how housing violations impact insurance coverage.

Building 52

Building Insurance Broker Broker Damage 52

Triple-I: Homeowners Insurance

MAY 8, 2024

Legislative reforms put in place in 2022 and early 2023 to address legal system abuse and assignment-of-benefits claim fraud in Florida are beginning to help the state’s property/casualty insurance market recover from its crisis of recent years, according to a new Triple-I Issues Brief. With only 15 percent of U.S.

Premium 52

Premium Insurance Insurer Insured 52

American Agents Alliance

JULY 5, 2024

Review prior claims and losses and use data this data to identify the highest-risk areas of the agency. Then action plan around these risky workflows by training agents and implementing standard operating procedures to help lower the risk of a claim from these higher-risk activities. Improve underwriting accuracy using data.

Risk 40

Risk Broker-Agent Agents Policyholder 40

American Agents Alliance

DECEMBER 8, 2024

Driven by rapid advancements in technology, shifting risks, and increasing policyholder expectations, the industry will likely have different products and services by the time 2025 draws to a close. Parametric coverage is starting to transform claims and insurance programs in general.

Broker-Agent 40

Broker-Agent Agents Broker Risk 40

American Agents Alliance

NOVEMBER 15, 2024

Collaborative partnerships with carriers improve service for policyholders, enhance an agency’s growth potential, and provide learning opportunities for agents. Offer feedback from policyholders and constructive thoughts when interacting with carrier partners. Every relationship is enhanced by clear, open communication.

Building 40

Building Agents Broker-Agent Policyholder 40

InsuredMine

JULY 19, 2024

Insurance agencies once focused primarily on assessing risks, underwriting policies, and managing claims. This innovative approach combines big data, machine learning, and advanced statistical techniques to forecast which policyholders are likely to discontinue their coverage. However, the landscape has shifted dramatically.

Risk 59

Risk Policyholder Insurance Insurer 59

Property Insurance Centre

JANUARY 4, 2024

” In response to rising property losses, insurance companies have adjusted their underwriting guidelines, resulting in higher premiums and limited coverage for properties located in high-risk areas. Insurers are investing in advanced technology and data analytics to improve risk assessment and underwriting processes.

Property Insurance 52

Property Insurance Commercial Property Liability Insurance 52

Protect Commercial Insurance

OCTOBER 4, 2024

As interest-backed assets offer higher returns, insurers might become more inclined to increase their pricing models to cover potential future claims. Changes in Underwriting Processes Interest rates can also shape the underwriting processes used by insurance companies.

Property Insurance 52

Property Insurance Out-Of-Pocket Premium Insurance 52

InsuredMine

MAY 20, 2024

Limitations and Challenges Faced Through Traditional Insurance Model Traditional insurance operates on a principle of risk pooling, where many pay premiums to cover the potential claims of a few. This model works well when risk is predictable and spread across a large number of policyholders. However, it has significant limitations.

Insurer 52

Insurer Insurance Insured Premium 52

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

Opaque, ill-defined language empowers predatory “ billboard attorneys ” to define these terms themselves, contributing to pervasive policyholder distrust, said Jeff Sauls, Farmers Insurance head of legislative affairs. We want to pay claims as expeditiously as possible…. Clear communication is key, the participants agreed. court cases.

Out-Of-Pocket 65

Out-Of-Pocket Broker-Agent Premium Claim 65

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.

Premium 40

Premium Underwriting Underwriter Claim 40

Property Insurance Centre

NOVEMBER 11, 2024

In other cases, it will be due to underwriting appetite of insurers and their ever changing attitudes to risk. Let’s have a look at them… Don’t claim for everything – One thing insurers do not like, is a policyholder that claims over multiple times a year & for the smallest thing.

Insurer 52

Insurer Insurance Insured Premium 52

Protect Commercial Insurance

DECEMBER 6, 2024

– Risk Assessment and Underwriting : AI algorithms can sift through mountains of data faster than any human analyst, identifying patterns and predicting potential risks with astonishing accuracy. – Fraud Detection : AI’s capability to detect anomalies makes it a powerful tool against fraudulent claims.

Commercial Insurance 52

Commercial Insurance Commercial Insurer Insurance 52

Majesco

JUNE 13, 2024

Can actuaries, underwriters, and business leaders get back on top and win the combined ratio game? The number of claims is rising. It is helping insurers avoid costly risks, coaching policyholders to make sensible changes and it is dramatically improving the claims process. Machine Learning has been learning!

Risk 40

Risk Underwriting Underwriter Insurance 40

Distinguished

NOVEMBER 7, 2024

Principal’s Default: A claim under a surety bond arises only upon the default of the principal. The surety’s role is complex, as it must diligently assess the risks associated with underwriting bonds. Importantly, if the surety pays out a claim, they will seek reimbursement from the principal.

Claim 52

Claim Compensation Risk Broker-Agent 52

Distinguished

MARCH 6, 2025

In Los Angeles, housing code violations present challenges that affect property safety, compliance, and insurance underwriting. This proactive approach helps prevent coverage denials, reduces the likelihood of expensive claims, and ultimately ensures that insurance terms remain favorable while protecting property values.

Building 52

Building Damage Insurance Broker Underwriting 52

Scott Insurance

APRIL 21, 2020

Material Change in Risk Manufacturers & Distributors should prepare for the possibility of increased underwriting scrutiny. Proper Disclosure to Your Insurance Provider Insurance policies outline terms and conditions of coverage, including what responsibilities the policyholder must comply with in order to maintain coverage.

Risk 40

Risk Liability Underwriting Underwriter 40

Majesco

APRIL 11, 2024

There is inflation and its pressure on claims costs, whether it’s medical or it is physical damage to homes and businesses. If we don’t get down to addressing the loss ratio — underwriting, pricing, risk selection, and claims management — for many carriers, even if they cut costs by 100%, they’re still not going to be profitable.

Commercial Property 40

Commercial Property Risk Claim Deductible 40

Cowbell

APRIL 3, 2025

Here at Cowbell, we remain committed to helping policyholders, agents, and brokers gain a comprehensive view of riskinside and out. This expansion means that Cowbell policyholders now have more opportunities to refine their Cowbell Factors (our proprietary risk ratings) and potentially qualify for reduced premiums.

Cyber 52

Cyber Policyholder Broker-Agent Risk 52