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 Insured 52

Neilson Marketing Services

OCTOBER 28, 2024

The insurance industry moves fast, and for carriers and MGAs, knowing where they stand with their independent agency partners is critical. For example, asking if a carrier’s underwriting support is a deciding factor or if digital tools play a significant role helps carriers understand which attributes matter most.

Insurance Agency 105

Insurance Agency Building Insurer Insured 105

Boston ERISA & Insurance Litigation

AUGUST 30, 2024

The relationship between climate change and the insurance industry has been a favorite hobbyhorse of mine for over a decade, since I learned that Lloyds was closely studying the potential impact of climate change on insurance rates, profits, underwriting and the like.

Insurer 40

Insurer Insured Insurance Premium 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? It’s about rethinking underwriting and claims as well as rethinking risk resilience.

Risk 40

Risk Underwriting Underwriter Insurer 40

InsuredMine

OCTOBER 25, 2024

With only two months left in the year, we’re gearing up to kickstart 2025, and the insurance industry stands at a critical crossroads. The integration of AI, blockchain, the Internet of Things (IoT), and advanced data analytics offers tangible solutions to the industry’s most pressing problems. trillion by 2025.

Risk 59

Risk Insurance Industry Business Interruption Claim 59

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. The insurance infield turns grounders into outs, just as MLB infielders turn hits into double plays.

Underwriting 40

Underwriting Premium Underwriter Claim 40

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.

Insurer 52

Insurer Insured Insurance Insurance Industry 52

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. But as the state’s bodily injury claims climb well over the national average, more reform is needed to return insurance profitability to the state.

Out-Of-Pocket 64

Out-Of-Pocket Broker-Agent Premium Claim 64

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 rapid advancements in machinery and transportation, businesses faced new categories of risk.

Commercial Insurance 52

Commercial Insurance Commercial Insurer Insured 52

American Agents Alliance

DECEMBER 8, 2024

2025 will bring new ideas, innovations, and changes to an ever-evolving insurance industry. 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.

Broker-Agent 40

Broker-Agent Broker Agents Risk 40

American Agents Alliance

DECEMBER 14, 2024

Ways Agents Can Succeed During Shifting Insurance Market Conditions Agents can keep up with changing market demands by focusing on these steps: Understand the changing insurance market conditions and landscape. Soft markets often mean more competition as insurers lower premiums or broaden coverage to attract customers.

Broker-Agent 40

Broker-Agent Agents Broker Insurer 40

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.

Insurer 52

Insurer Insured Insurance Risk 52

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 Insurer 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.

Risk 40

Risk Auto Insurance Premium Underwriting 40

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. AI/ML is great for underwriting, fraud, and servicing models, which was discussed in numerous panels.

Insurance Industry 40

Insurance Industry Risk Underwriting Underwriter 40