Triple-I: Business Insurance

JUNE 8, 2022

With this in mind, 73 percent of policyholders said they consider climate change one of their primary concerns, compared with 40 percent of insurers. “Insurers who prioritize focus on sustainability will be making smart long-term business decisions that will positively impact their future relevance and growth.

Policyholder 40

Policyholder Risk Underwriter Underwriting 40

Property Insurance Coverage Law

NOVEMBER 1, 2024

Note: This guest blog is by Frank Lombard, CPCU, ARM, an independent property/casualty insurance advisor. Not a day passes without reading something about double-digit increases in the cost of home insurance. The insurance industry claims the increases are a result of inflation, climate change, and consumers filing more claims.

Home Insurance 159

Home Insurance Casualty Insurance Property Insurance Insurer 159

Property Insurance Coverage Law

OCTOBER 29, 2024

One thing everybody notices in Tallahassee is that there is an army of paid lobbyists and professional proponents of the insurance industry who show up at hearings. The Florida Department of Financial Services (DFS) held a regulatory workshop meeting seeking comments on the recent emergency adjustment rule.

Property Insurance 167

Property Insurance Insurance Industry Insured Insurer 167

Rough Notes

SEPTEMBER 3, 2024

A Strategy TO DRIVE YOUR AGENCY FORWARD “Giving back” is a win-win for everyone While it is obvious that charitable giving and philanthropic involvement foster positive feelings, … [they also] cultivate an enhanced corporate reputation overall, especially among policyholders, carrier partners and prospective employees.

Policyholder 52

Policyholder Insurance Industry Insurance Insured 52

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.

Property Insurance 52

Property Insurance Policyholder Insurer Insured 52

American Agents Alliance

AUGUST 10, 2024

Severe weather is transforming the auto insurance industry. This means insurers must adapt to changing weather patterns and increasing unpredictability. Focused on the impacts of severe weather events on the auto insurance and repair industries, the report gives timely details on the future of the industry.

Auto Insurance 52

Auto Insurance Broker-Agent Policyholder Agents 52

InsuredMine

JULY 19, 2024

Understanding Predictive Churn Analytics Predictive churn analytics is revolutionizing the insurance sector by enabling companies to shift their focus from traditional risk assessment to proactive customer retention strategies. This segmentation enables insurers to develop personalized retention strategies for different customer groups.

Risk 52

Risk Policyholder Insured Insurer 52

Frankenmuth Insurance

JUNE 20, 2024

At Frankenmuth Insurance, we take pride in protecting what’s important to you, and we’re dedicated to ensuring a bright future for our policyholders. AM Best is the insurance industry’s most widely recognized provider of ratings and financial data. For the latest Best’s Credit Rating, access www.ambest.com.

Casualty Insurance 52

Casualty Insurance Insurance Companies Policyholder Life Insurance 52

American Agents Alliance

OCTOBER 8, 2024

The Growing Role of Technology to Track and Reduce E&O Claims New technologies like genAI, machine learning, and data analytics are reshaping the insurance industry and introducing new risks and exposures. The NAIC has even offered guidance for insurers on the usage of these modern technologies.

Claim 52

Claim Broker-Agent Agents Broker 52

Bankers Insurance

MAY 16, 2024

The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. Insurance companies must raise rates so they can afford to pay for all the policies they issue. Any impactful results can take years to observe.

Home Insurance 52

Home Insurance Policyholder Out-Of-Pocket Insurer 52

LexisNexis

SEPTEMBER 17, 2024

With autonomous vehicles or AVs slowly gaining market share and the technology rapidly advancing, this is becoming an increasingly urgent question for insurance companies. Indeed, AV technology could upend the very foundations of the car insurance industry. First, some basics. They don’t need to reinvent the wheel,” Yotis said.

Auto Insurance 52

Auto Insurance Insurer Insured Insurance 52

American Agents Alliance

JULY 5, 2024

And when it comes to the insurance industry, having data and using it well has become a differentiator. Having better data means better coverage recommendations, which leaves fewer policyholders uninsured or underinsured — lowering E&O risk. Data helps drive business decisions, define strategy, and develop ideas.

Risk 52

Risk Broker-Agent Agents Policyholder 52

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 Premium 52

Bankers Insurance

AUGUST 8, 2024

Most commercial property insurance policies include coinsurance clauses, which encourage policyholders to carry reasonable and accurate coverage amounts. Under a coinsurance clause, a policyholder faces a penalty — usually a reduced payout — if their coverage limit is not at least equal to a predetermined percentage (e.g.,

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Leadsurance

SEPTEMBER 26, 2023

However, email marketing stands out as a crucial tool for the insurance industry. With its ability to directly reach current clients, potential leads, and past policyholders, email marketing provides a platform for personalized, timely, and relevant content delivery. Treating them all alike can lead to missed opportunities.

Insurance Agents 52

Insurance Agents Insurance Agent Agents Policyholder 52

Leadsurance

AUGUST 1, 2023

What is gamification and how does it relate to the insurance industry? In the insurance industry, gamification can be used to enhance customer engagement, boost sales performance, and improve customer loyalty and retention. What is gamification in insurance? How can gamification help insurance companies?

Insurance Companies 52

Insurance Companies Insurance Agents Insurance Agent Insurer 52

InsuredMine

SEPTEMBER 30, 2024

Today, for insurance agencies, the road from a prospective client to a loyal policyholder can often feel like a winding journey filled with uncertainties. This significant increase highlights the importance of consistent communication and relationship-building in the insurance industry.

Insurance Agency 52

Insurance Agency Agents Building Policy 52

Redbird Agents

JULY 9, 2024

It’s a common misconception that becoming an insurance agent is an easy path to success. Statistics from the insurance industry reveal a different story. Roughly 10 percent of independent insurance agents generate the vast majority of insurance sales, leaving many to question the viability of this career path.

Insurance Agents 130

Insurance Agents Insurance Agent Agents Broker-Agent 130

InsuredMine

FEBRUARY 15, 2024

Brian Duperreault, CEO of AIG, once said, “The insurance industry is in the midst of a technological revolution. How can the insurance industry be left behind? The insurance CRM also enables agents to easily communicate with admins and insurers, improving the response time and reducing the number of errors.

Agents 52

Agents Insurer Insured Insurance 52

Triple-I: Homeowners Insurance

JUNE 26, 2024

. – the state-run insurer of last resort and currently Florida’s largest residential insurance writer – has swelled with new business and lawsuits. Citizens’ depopulation efforts to move policyholders to private insurers contributed to policy counts falling to 1.23 million by the end of 2023.

Premium 52

Premium Property Insurance Claim Policyholder 52

American Agents Alliance

OCTOBER 23, 2024

It was important to us to find aI partner that understands the insurance industry and can customize its offering to accommodate the unique needs of each agency, and that is exactly what we’ve found with Liberate,” he adds. Jeff Arnold of RIGHTSURE couldn’t agree more.

Agents 52

Agents Insurance Agency Policyholder Claim 52

Majesco

APRIL 25, 2024

For insurers, the grand slam is an exceptional customer experience with optimized operations. When a policyholder feels heard, when a claim is resolved swiftly, when premiums align with value—those are the grand slams insurers aim for. Every baseball fan dreams of witnessing a grand slam—a home run with the bases loaded.

Premium 40

Premium Underwriter Underwriting Claim 40

Redbird Agents

NOVEMBER 1, 2023

The insurance industry and every other industry has been outflanked by rampant new technology in the last 30 years that has given control of the purchasing steering wheel to the customer. Long wait times, unresponsive agents and lethargic insurance agencies are in their rear view mirrors.

Agents 130

Agents Building Policy Insurance Carrier 130

Constant Contact

JANUARY 28, 2021

Q&A features In-depth content is vital to establishing your company as a respected resource within the insurance industry. This is a difficult objective to accomplish in the insurance industry. Why did this person choose the insurance industry? Insurance jokes or quotes.

Insurer 52

Insurer Insured Insurance Life Insurance 52

Constant Contact

NOVEMBER 17, 2020

Whether you’re new to the insurance industry or have been at it for decades, in order to keep your business growing, you need to understand insurance marketing almost as well as you understand insurance. Include news about the insurance industry that may impact customers.

Insurer 52

Insurer Insured Insurance Insurance Agent 52

Majesco

JUNE 13, 2024

It is helping insurers avoid costly risks, coaching policyholders to make sensible changes and it is dramatically improving the claims process. If an insurer understands its direction and its competitive differentiators, technology can support its risk philosophy, expand opportunities to understand risk, and maximize profit potential.

Risk 40

Risk Underwriter Underwriting Insurer 40

Redbird Agents

JUNE 14, 2024

Unless you’re securities licensed and registered with FINRA, you cannot market your services as financial planning as fixed and indexed annuities are insurance products. Agent’s falsifying as financial planners is a common problem in the insurance industry, make sure you are working within all your compliance guidelines.

License 130

License Life Insurance Premium Agents 130

Scott Insurance

APRIL 21, 2020

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. These conditions include notification requirements, including timeliness, of any material change in operations.

Risk 40

Risk Liability Underwriter Underwriting 40

Triple-I: Homeowners Insurance

SEPTEMBER 24, 2024

Finally, the fourth paper – “ Comparison of Regulatory Framework for Non-Discriminatory AI Usage in Insurance ” – provides an overview of the evolving regulatory landscape for the use of AI in the insurance industry across the United States, the European Union, China, and Canada.

Risk 59

Risk Casualty Insurance Policyholder Premium 59