Property Insurance Centre

JANUARY 4, 2024

Emerging Property Insurance Trends 2024 Welcome to our guide on emerging trends in the property insurance industry. As we dive into the evolving landscape of property insurance, it’s important to stay informed about the latest trends and challenges affecting the market.

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Property Insurance Commercial Property Liability Insured 52

Protect Commercial Insurance

OCTOBER 11, 2024

As we face more frequent and intense extreme weather events, insurers are re-evaluating their policies to better manage these growing risks. Businesses now need to consider how climate change might impact their insurance premiums and coverage. However, the unprecedented nature of climate change has made past data less reliable.

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Commercial Property Commercial Insurance Policy Policy 52

Bankers Insurance

MAY 16, 2024

Sustained losses inflicted by natural disasters spurred some insurance companies to pull out of the homeowners insurance market in high-risk areas, such as California and Florida, leaving residents with fewer options and higher prices. Even among typical homeowners policies, premiums likely increased year over year.

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Protect Commercial Insurance

SEPTEMBER 13, 2024

Understanding the Role of Insurance Brokers Insurance brokers operate as intermediaries between clients and insurance companies. Their primary role is to offer professional guidance and services to their clients, ensuring they obtain the most suitable and cost-effective insurance coverage.

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Neilson Marketing Services

JULY 16, 2024

With market shifts, changing technologies, and increased consumer expectations, what does SEO for insurance companies look like today? To help you hone your SEO for insurance company success and get in front of your customer base, we’ve created this guide to the latest trends and best practices in SEO tailored for insurance companies.

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Insurer Insured Insurance Insurance Companies 52

InsuredMine

FEBRUARY 2, 2024

I have spent the last couple of months meeting leaders from the Insurtech space as well as traditional insurance companies and here are some of my quick learnings about India Insurance trends in 2024. The Rise of Parametrics: Traditional insurance relies heavily on historical data, which can be limiting in unpredictable times.

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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. Louisianans Need to Know Legal Reforms Boost Florida Insurance Market; Premium Relief Will Require More Time How Georgia Might Learn From Florida Reforms U.S.

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Out-Of-Pocket Broker-Agent Premium Claim 64

Jackson & Jackson

AUGUST 16, 2024

These events can cause extensive damage to homes and properties, leading insurers to be more cautious in providing coverage. The increasing frequency and severity of natural disasters in recent years have made insurance companies more hesitant to take on the risks associated with insuring California homeowners.

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Insurer Insured Insurance Risk 52

Protect Commercial Insurance

DECEMBER 6, 2024

This era gave rise to specialised insurance products, covering factories, railways, and an expanding workforce. By the 20th century, the insurance industry began to reflect broader societal shifts. With data breaches, ransomware, and cyber espionage on the rise, cybersecurity has become a critical focus for companies worldwide.

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Commercial Insurance Commercial Insurer Insured 52

Majesco

APRIL 25, 2024

It’s a double play—claims processed swiftly, premiums collected seamlessly, and customers satisfied. The insurance infield turns grounders into outs, just as MLB infielders turn hits into double plays. For insurers, the grand slam is an exceptional customer experience with optimized operations. The ball never hits the dirt.

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Majesco

MAY 23, 2024

Insurance company profit margin results right now are like trying to keep water in a leaking bucket. Can insurers fill the bucket with the right premiums as fast as claims pour out potential profits? i] Affordability is currently a major pressure point for insurance. This is a reaction, not a long-term solution.

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Freeway Insurance

NOVEMBER 24, 2024

So, when was car insurance invented and by who? In 1898, Travelers Insurance Company sold the first ever auto policy , kickstarting the evolution of car insurance. Key Milestones in Car Insurance History Once auto policies officially came into existence, they progressively became more widespread.

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Auto Insurance Insurer Insured Insurance 52

Triple-I: Workers Compensation

APRIL 4, 2022

By Max Dorfman, Research Writer The coronavirus pandemic and the financial challenges it presents have fueled growth in captive insurance – a form of self-insurance in which one or more entities establish their own insurance company. They also may insure the risks of organizations other than their major owners.

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Workers Compensation Insurer Insured Insurance 40

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. Not going to ITC?

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Property Insurance Centre

MARCH 19, 2024

The Importance of Consumer Education Consumer education is a critical aspect of making informed decisions regarding insurance coverage and navigating the complexities of the insurance industry. By gaining insurance knowledge , individuals can protect their property effectively and avoid falling victim to insurance scams.

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Peter J. Fournier

MAY 25, 2021

An insurance agent will get paid a commission for each successful sale, this is 30%-90% of the amount paid for the policy (known as the premium) by the client in the first year. Those who are experienced in the life insurance industry will earn $100,000 per year , but many earn well above that.

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Majesco

MAY 9, 2024

We see the same approach with some insurance companies that are standing still. The insurance industry’s core business model that includes premiums, claims, reserves, and capital is not changing. It seems strange and completely counterintuitive. They are grappling with making changes to their business models.

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Insurer Insured Insurance Risk 40

Friendly Agent

DECEMBER 3, 2020

In fact i’ll argue that the best way to get into an insurance agency business is by working part time initially. Also by working as a side hustle you can start gaining experience in the insurance industry and figure out if it is right for you or not. Successful agencies have 90% + retention rate.

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Insurance Agent Insurance Agents Agents License 130