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. Hurricane Harvey 2017 92.0

Property Insurance 52

Property Insurance Commercial Property Liability Insured 52

InsuredMine

JULY 19, 2024

Insurance agencies once focused primarily on assessing risks, underwriting policies, and managing claims. In this context, understanding why customers might leave and taking preemptive steps to prevent churn has become a strategic imperative for insurance companies. However, the landscape has shifted dramatically.

Risk 52

Risk Policyholder Insurer Insured 52

InsuredMine

MARCH 26, 2024

The insurance industry finds itself on the cusp of a transformative era, propelled by technological advancements that present both challenges and tremendous opportunities. Insurance companies recognize the imperative to invest in modern digital technologies to achieve their goals of cost reduction and revenue growth.

Insurer 52

Insurer Insured Insurance Insurance Industry 52

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? It’s about rethinking underwriting and claims as well as rethinking risk resilience.

Risk 40

Risk Underwriting Underwriter Insurer 40

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.

Insurer 52

Insurer Insured Insurance Risk 52

Agency Revolution

APRIL 22, 2024

You’re leveraging your rapport with insurance company reps, including account managers, claims specialists, sales teams, and underwriters. A marketing company that knows the insurance industry inside and out can do that for you, too. That doesn’t just go for your clients, either.

Insurance Industry 52

Insurance Industry Underwriting Underwriter Insurance Agency 52

Majesco

APRIL 25, 2024

Policy management flows smoothly from shortstop (underwriting) to second base (billing) to first base (customer service). Its influence extends across various facets of insurance operations, creating a ripple effect that enhances efficiency, productivity, accuracy, and customer satisfaction. The ball never hits the dirt.

Underwriting 40

Underwriting Premium Underwriter Claim 40

Majesco

OCTOBER 24, 2024

Integrating AI allows these teams to achieve high precision and efficiency, similar to its impact on the insurance industry. By integrating AI into their core processes, professional racing teams can achieve unprecedented levels of precision and efficiency, mirroring the transformative impact AI has on the insurance industry.

Insurer 40

Insurer Insured Insurance Claim 40

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.

Commercial Insurance 52

Commercial Insurance Commercial Insurer Insured 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. Notice of intention to sue is also down by double digits. It’s working, so let’s learn from that.”

Out-Of-Pocket 64

Out-Of-Pocket Broker-Agent Premium Claim 64

Majesco

JULY 25, 2024

[i] This has generated a whole new business model that will rapidly separate Leaders from Followers, as Majesco pointed out in its Core Systems report , Realignment in Insurance: Legacy Core Impact. For the full picture, be sure to read the Majesco Thought Leadership report, Realignment in Insurance: Legacy Core Impact. Mind the gap!

Insured 40

Insured Insurer Insurance Underwriting 40

Majesco

OCTOBER 10, 2024

Playing it safe by innovating against risk The insurance industry’s core business model that includes premiums, underwriting, billing, claims, reserves, and capital is not changing. Every aspect of the insurance business is being redefined within the context of the future … not the past.

Risk 40

Risk Auto Insurance Premium Underwriting 40

Majesco

MARCH 14, 2024

The insurance industry has its own set of trends, but in our case, it is important to distinguish between technology trends (such as cloud vs. on-premise) and pain point trends (such as increased risks and a growing number of retirements). They have created different models to support underwriting decisions, etc.

Insurer 40

Insurer Insured Insurance Building 40

Redbird Agents

NOVEMBER 15, 2024

Filling senior-level roles in the insurance industry requires more than just sourcing resumes—it demands precision, industry knowledge, and a focus on long-term success. For example, if the role is in underwriting, highlight the necessary actuarial knowledge and familiarity with reinsurance.

Insurer 130

Insurer Insured Insurance Casualty Insurance 130