Triple-I: Homeowners Insurance

OCTOBER 10, 2024

property and casualty insurance industry experienced better-than-expected economic and underwriting results in the first half of 2024, according to the latest forecasting report by Triple-I and Milliman. The industry’s estimated net combined ratio of 99.4 The line’s 2024 net written premium growth rate of 14.5

Commercial 49

Commercial Underwriting Underwriter General Liability 49

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.

Commercial Property 52

Commercial Property Commercial Insurance Policy Policy 52

Final Expense Brokerage

MAY 15, 2024

The average insurance agent commission per year varies depending on various factors such as the type of insurance being sold and the insurance company's policies. However, it is important to note that insurance agents typically earn a percentage of the premium paid by the client.

Insurance Agent 100

Insurance Agent Insurance Agents Agents Insurance 100

Property Insurance Centre

OCTOBER 18, 2024

The insurance industry has had to adjust premiums to reflect this growing risk. By mid-2024, the average cost of home insurance had risen by 19% compared to 2023, with flood-prone areas facing even steeper increases​ CityAM.

Property Insurance 52

Property Insurance Premium Insurance Insurer 52

Zywave

OCTOBER 9, 2024

We believe that in order to continue to move the insurance industry forward we must collaborate with like-minded leaders, sharing information and ideas that elevate all of us. In 2023, Zywave saw a 20% increase in quoting volume within CPQ solutions across all lines of business, resulting in an estimated $76B in facilitated premium.

Broker-Agent 52

Broker-Agent Insurance Industry Cyber Premium 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.

Property Insurance 52

Property Insurance Commercial Property Liability Premium 52

Protect Commercial Insurance

SEPTEMBER 6, 2024

This approach leverages data analytics and the Internet of Things (IoT) to offer customised insurance plans based on actual use and behaviour. For example, telematics can monitor fleet activities in real-time, allowing insurers to offer more precise premiums based on how, when, and where vehicles are used.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Insurance 52

Redbird Agents

JULY 18, 2024

Focused Only on Final Expense Insurance Choice Mutual also has the added advantage of only selling final expense insurance. They are specialists, making them one of the most knowledgeable and trusted sources in this insurance industry segment. Choice Mutual’s brokerage services, just like the app, are free.

Insurance 130

Insurance Insurer Insured Broker-Agent 130

InsuredMine

MAY 2, 2024

Can you imagine a world where your car could automatically adjust your insurance premium based on how safely you drive? Or what if your home insurance could send you alerts about potential risks and offer customized coverage options? At the center of this digital transformation lies efficient and effective tools called APIs.

Insurance 52

Insurance Insurer Insured Insurance Industry 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

Protect Commercial Insurance

SEPTEMBER 13, 2024

This impartial approach allows them to access a wide array of policies from various insurers, ensuring that businesses can choose from a broad range of options. Expertise and Industry Knowledge One of the significant advantages of using a broker is their extensive knowledge of the insurance industry.

Commercial Insurance 52

Commercial Insurance Broker Commercial Broker-Agent 52

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.

Insurance Agent 130

Insurance Agent Insurance Agents Agents Insurance Carrier 130

Triple-I: Homeowners Insurance

JULY 9, 2024

This is what the insurance industry is prepared for,” Kevelighan said. “It The P/C industry has $1.1. In Florida, for example, “you’ve got over 70 percent of all homeowners insurance litigation residing in that state, whereas it represents less than 10 percent of the overall claims.” property/casualty market.

Risk 52

Risk Premium Damage Policy 52

Friendly Agent

SEPTEMBER 21, 2020

The commissions come from a percentage coming from the amount of the yearly premium, as well as the policy it is being offered for. The insurance premium is the money that the person or the business has for the policy. The insurance premiums are intended for policies covering cars, houses, life insurance premiums, and more.

Insurance Agent 130

Insurance Agent Insurance Agents Agents Broker-Agent 130

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 Agent Insurance Agents Insurance 52

Redbird Agents

SEPTEMBER 13, 2024

Cross-Selling Opportunities: Offer related products such as life insurance, annuities , or final expense insurance. Buyers are more likely to pay a premium for an agency that has multiple revenue streams. Consider Market Conditions: Stay aware of current market trends in the Medicare insurance industry.

Broker-Agent 130

Broker-Agent Broker Insurance Carrier License 130

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.

Underwriting 40

Underwriting Underwriter Premium Claim 40

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.

Risk 40

Risk Underwriting Underwriter Insurance 40

InsuredMine

FEBRUARY 2, 2024

On-demand insurance allows customers to buy coverage for specific periods, like pay-per-mile car insurance or short-term travel insurance. Usage-based insurance, where premiums are linked to driving behavior or health habits, is also gaining momentum, promoting responsible behavior and rewarding healthy lifestyles.

Insurance 52

Insurance Insurer Insured Premium 52

Bankers Insurance

MAY 16, 2024

As insurance companies leave certain markets or refuse to issue policies to certain properties, homeowners may be forced to seek more expensive options, such as state-supported insurers. Even among typical homeowners policies, premiums likely increased year over year. Reduce liability risks. Adjust coverage.

Home Insurance 52

Home Insurance Policyholder Out-Of-Pocket Property Damage 52

HBW Leads

MAY 9, 2024

Build a Strong Brand Identity Trust and reliability are the cornerstones of the insurance industry. The Role of Continuous Education and Training The auto insurance industry is constantly evolving. Encouraging customers to refer others to your insurance agency can be a powerful way to grow your business.

Auto Insurance 52

Auto Insurance Insurance Agency Insurance Insurer 52

Brokers’ Service Marketing Group

MARCH 17, 2022

IRC Section 1035 allows Tax-Free Exchanges of life insurance policies in a gain position (i.e. Sometimes greater death benefit and/or lower premium can result from the exchange in addition to desirable contract guarantees.

Life Insurance 52

Life Insurance Policy Premium Insurance Policy 52

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. Furthermore, technological advancements have also played a role in shaping the insurance industry.

Insurance 52

Insurance Insurer Insured Risk 52

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?

Risk 40

Risk Auto Insurance Premium Underwriter 40

Jackson & Jackson

MAY 22, 2024

From the bustling urban centers of Los Angeles and San Francisco to the scenic coastal towns and sprawling agricultural regions, each location presents its own set of challenges and opportunities for investors seeking insurance coverage. Investors should also consider the impact of climate change on the insurance landscape in California.

Property Insurance 52

Property Insurance Commercial Property Commercial Broker-Agent 52

Neilson Marketing Services

JULY 16, 2024

That ready access offers the opportunity to connect with your target audience at the precise moment they’re looking for insurance. In the insurance industry, the intention behind many searches is to secure an insurance policy after researching different providers, reading reviews, and gathering quotes.

Insurance 52

Insurance Insurer Insured Insurance Companies 52

Agency MVP

DECEMBER 20, 2021

How Do You Generate Car Insurance leads? There are many ways to generate car insurance leads. Garnering attention in the auto insurance industry typically means creating a simple message that stands out from the rest. Continue below to learn more about how auto insurance leads are generated.

Auto Insurance 52

Auto Insurance Insurance Insurer Insured 52

Majesco

JUNE 27, 2024

Part of the buzz is that the insurance industry is waking up to a realization that the operational models and technology foundations used for decades no longer meet the challenges and opportunities of today’s fast-changing world. This makes attracting, retaining, and developing the best talent a top priority for the industry.

Insurance Industry 40

Insurance Industry Risk Underwriter Underwriting 40

American Agents Alliance

SEPTEMBER 26, 2024

According to AM Best , the surety industry in the United States reported direct written premiums totaling $9.3 The Role of Insurtech in Driving Growth The integration of technology in the insurance industry, known as Insurtech, is transforming how agents do business.

Agents 52

Agents Insurance Agents Insurance Agent General Liability 52

Bankers Insurance

AUGUST 8, 2024

Businesses may end up with inaccurate ITV calculations for a wide range of reasons — whether it stems from ineffective property valuation methods, intentionally underestimating costs to secure reduced premiums or being impacted by factors outside their control (e.g., inflation). Regardless, such inaccuracies are all too common.

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Triple-I: Workers Compensation

APRIL 4, 2022

The global insurance broker and risk advisor’s survey of more than 1,300 captives also shows that gross written premiums in this area grew from $54 billion in 2019 to nearly $61 billion in 2020. For many organizations, captive insurance provides a viable alternative for these risks.

Workers Compensation 40

Workers Compensation Insurance Insurer Insured 40

Triple-I: Business Insurance

APRIL 4, 2024

The increased risk and rising financial losses from cyber risk likely drive growth for the cyber insurance market, which tripled in volume in the last five years. Gross direct written premiums climbed to USD 13 billion in 2022.

Financial Loss 52

Financial Loss Cyber Crime Risk 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 Insurance Insurer 52

Risk Management Monitor

OCTOBER 25, 2022

The insurance industry has already seen several supply chain and inflation-driven Security Class Action claims. The conflict in Ukraine was already an inflection point for the insurance markets, with hardening rates and capacity changes anticipated in some specific classes as a result. Both impact the bottom line.

Risk 40

Risk Business Interruption Insurance Insurer 40

Bankers Insurance

NOVEMBER 15, 2023

Increased insurance costs: Businesses affected by frozen pipes or sprinkler system issues may need to file insurance claims for repair and restoration expenses, potentially resulting in elevated insurance premiums in the future.

Protection 52

Protection Damage Property Damage Building 52

HBW Leads

MAY 14, 2024

Price Objections: Prospects may express concerns about the cost of insurance premiums, often comparing them to competitors or questioning the value provided. Coverage Objections: Some prospects may need clarification on your insurance solutions or whether they adequately address their needs.

Agents 52

Agents Building Insurance Agency Insured 52

Redbird Agents

JUNE 14, 2024

FIA Accumulation Highlights : Review premium requirements, fixed rates, withdrawals and more! Fixed Annuity Highlights : Inform your customers on current yields, first year bonus rates, minimum premiums and more! There are 3 common types of annuities that life insurance agents sell. Download Current Annuity Rates Now!

License 130

License Life Insurance Premium Agents 130