Insurance Journal

AUGUST 29, 2024

“After years of consistent losses, premium growth is helping the overall … property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report.

Insurance Industry 278

Insurance Industry Underwriting Underwriter Casualty Insurance 278

R&R Insurance

SEPTEMBER 12, 2024

These rebates may be in the form of a premium credit or a lump-sum payment. of every $1 collected in premium (80% medical loss ratio or greater) for all of their small group plans in a specific State directly on claims and health promotion for the covered members.

Premium 59

Premium Insurance Carrier Policyholder Broker 59

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. Even among typical homeowners policies, premiums likely increased year over year. Reduce liability risks. Explore discounts. 3 or 5 years).

Home Insurance 52

Home Insurance Policyholder Out-Of-Pocket Insurer 52

Zywave

NOVEMBER 13, 2024

We’re prepared to help you grow your distribution network, power your decision making with industry-leading data and insights and empower your teams and policyholders with industry knowledge and expertise. Policyholders are going to experience losses. Cyber attacks are going to happen. Regulations are going to continually change.

Cyber 52

Cyber Policyholder Insurer Insured 52

Scott Insurance

JANUARY 31, 2024

has seen an increase in their homeowners insurance premium. According to Money.com , an independent publisher, recent year-over-year premium increases have averaged 20%, and policyholders should expect to see at least a 10-15% increase in 2024. What can you do to impact your homeowners premium?

Premium 52

Premium Deductible Insurer Insured 52

Property Insurance Centre

MAY 17, 2024

The Insurance Act 2015 IMPORTANT INFORMATION – PLEASE READ Duty of Fair Presentation The Insurance Act 2015 imposes an obligation on all policyholders to “make a fair presentation of the risk” prior to the policy commencing. In other words, insurers can treat the policy as if it never existed, which would result in no claims being paid.

Premium 52

Premium Insurer Insured Insurance 52

Protect Commercial Insurance

OCTOBER 4, 2024

How Interest Rates Influence Insurance Costs Insurance premiums are sometimes indirectly influenced by interest rates. Here’s how: insurers rely on investment income to keep premiums competitive. When interest rates rise, the returns on these investments can increase, potentially affecting premium rates.

Property Insurance 52

Property Insurance Out-Of-Pocket Premium Insured 52

Property Insurance Centre

MARCH 19, 2024

By understanding key terms, policy details, and the rights and responsibilities of policyholders, consumers can engage with insurers more effectively, ensuring better communication and ultimately achieving their desired outcomes. By exploring these guides, individuals can gain a comprehensive understanding of why insurance is essential.

Property Insurance 52

Property Insurance Policyholder Insurer Insured 52

American Agents Alliance

OCTOBER 14, 2024

Some digital solutions that may appeal to millennials include usage-based insurance , which allows the policyholder more control over their premium based on driving habits measured through telematics. They can explain how premiums are determined, how policyholders can mitigate their risk, and why certain coverages are important.

Agents 52

Agents Broker-Agent Policyholder Insured 52

Shield Insurance Agency

AUGUST 20, 2024

Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. Many policyholders may be tempted to file a claim for every little incident in the belief that their insurance policy will cover all damages.

Insurance Claim 52

Insurance Claim Claim Protection Out-Of-Pocket 52

TGS

OCTOBER 30, 2024

Don’t Chase the Cheapest Premium—Focus on Coverage We’ve all been there: drawn to the lowest price, only to realize it wasn’t quite the bargain we thought. Sure, the premium—the amount you pay for the policy—matters. What’s more important is what that premium gets you. That could shave a nice chunk off your premium.

Insurance Quotes 52

Insurance Quotes Home Insurance Deductible Out-Of-Pocket 52

Property Insurance Centre

NOVEMBER 11, 2024

” or can’t get the insurance you deserve for that matter – insurance with reasonable premiums and without unnecessary restrictions. Let’s have a look at them… Don’t claim for everything – One thing insurers do not like, is a policyholder that claims over multiple times a year & for the smallest thing.

Insurer 52

Insurer Insured Insurance Premium 52

Property Insurance Centre

JANUARY 4, 2024

Inflation drives up property valuations , construction costs , and insurance premiums. This has resulted in higher premiums and limited coverage in catastrophe-exposed areas. The rising costs of building or repairing properties have a direct effect on insurance premiums.

Property Insurance 52

Property Insurance Commercial Property Liability Premium 52

Smart Insurance Agents

SEPTEMBER 7, 2024

Adding a dependent to your health insurance usually involves additional costs, reflected in higher premiums for family plans. They can get health coverage under the plan of the policyholder. Dependents get the same or similar health benefits as the main policyholder. This group usually includes spouses and children.

Policyholder 52

Policyholder Insurer Insured Insurance 52

Triple-I: Homeowners Insurance

JUNE 27, 2024

By Lewis Nibbelin, Guest Blogger for Triple-I Home and auto insurance premium rates have been a topic of considerable public discussion as rising replacement costs and other factors – from climate-related losses to fraud and legal system abuse – have driven rates up and, in some states, crimped availability and affordability of coverage.

Underwriter 52

Underwriter Underwriting Auto Insurance Insurer 52

Zywave

NOVEMBER 6, 2024

The aim of Zywave’s Cyber Quoting is to help the market to grow cyber premium,” said Zywave Senior Vice President Jeff Cohen. “Now, it’s not only faster, but it’s also smarter. ” The Cyber Quoting benchmarking and limit adequacy insights are powered by Zywave’s Commercial Analytics data.

Cyber 52

Cyber Broker-Agent Broker Commercial 52

Majesco

FEBRUARY 15, 2024

Carriers must balance speed and accuracy to deliver precise risk evaluation, with the expectation and result of comprehensive and fair premium pricing for both the insurer and its policyholders. Let’s Speed allows insurers to stay ahead of new challenges, react promptly to market trends, and adjust coverage terms accordingly.

Policyholder 40

Policyholder Broker-Agent Risk Broker 40

American Agents Alliance

AUGUST 10, 2024

The Role of Agents Agents and brokers can help explain these pressures to policyholders who are concerned with rates or repair costs. Another helpful tip for policyholders is to educate them about ways to manage and mitigate their individual risks.

Auto Insurance 52

Auto Insurance Broker-Agent Policyholder Agents 52

InsuredMine

MAY 20, 2024

And get this some even let you pay as you go instead of heavy annual premiums. Limitations and Challenges Faced Through Traditional Insurance Model Traditional insurance operates on a principle of risk pooling, where many pay premiums to cover the potential claims of a few. Every person, every business, every situation is different.

Insurer 52

Insurer Insured Insurance Premium 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! If they need income in the next 12 months, you’ll likely just work with them on a single premium immediate annuity.

License 130

License Life Insurance Premium Agents 130

Protect Commercial Insurance

FEBRUARY 10, 2022

Key changes The new rules have brought some key changes to the way General Insurance works: Equivalent policy premiums should not be higher for existing customers than for new customers. During th e term of cover, at any time a policyholder may opt-out of auto-renew. Premium reductions? Premium increases?

Premium 52

Premium Commercial Insurance Broker Commercial 52

Property Insurance Centre

JULY 21, 2024

Their comprehensive approach, combining expert knowledge, personalised service, and a keen attention to detail, has earned them a stellar reputation among policyholders and insurers alike. We look forward to continuing our mission of helping policyholders navigate the complexities of property damage claims with confidence and ease.”

Claim 52

Claim Property Damage Property Insurance Building 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

Healthinsurance.org

MAY 20, 2024

In this article HealthCare.gov policyholders at risk Scammers circumvent consumers protections The damage to affected Marketplace buyers Factors that led to the alleged fraudulent activity Buyers with lower incomes targeted Is this happening in states that run their own Marketplaces? What should consumers do?

Broker-Agent 52

Broker-Agent Broker Out-Of-Pocket Premium 52

Triple-I: Business Insurance

AUGUST 11, 2022

Combined ratio represents the difference between claims and expenses paid and premiums collected by insurers. Across most product lines, inflation, supply-chain disruptions, and geopolitical risk are expected to keep pushing insured losses and premium rates higher. “We We forecast 2022 P&C premium growth of 8.5

Underwriter 40

Underwriter Underwriting Workers Compensation Premium 40

Majesco

APRIL 25, 2024

It’s a double play—claims processed swiftly, premiums collected seamlessly, and customers satisfied. When a policyholder feels heard, when a claim is resolved swiftly, when premiums align with value—those are the grand slams insurers aim for. The ball never hits the dirt.

Premium 40

Premium Underwriter Underwriting Claim 40

Freeway Insurance

JANUARY 4, 2024

A low deductible health plan means the policyholder will pay less upfront and out of pocket for certain healthcare items, such as surgery. In exchange for that bigger premium, your insurance company agrees to cover a greater percentage of your financial loss after an accident or major illness. Read on to learn more.

Deductible 52

Deductible Out-Of-Pocket Insurer Insured 52

Triple-I: Business Insurance

APRIL 24, 2023

Several insurers offer premium discounts for policyholders who invest in lightning protection systems. “Lightning protection systems prevent a lightning strike from causing any damage. So the investment in a lightning protection system prevents personal injury and the costly impact of even one strike.”

Risk 52

Risk Business Interruption Damage Protection 52

Property Insurance Centre

SEPTEMBER 25, 2024

This might seem like an advantage since this saves cost initially, though it might lead to high premium costs later on. These can be added to your policy for an additional premium. If your property is located in an area with a high risk of natural disasters, such as floods or earthquakes, your insurance premiums will be higher.

Building 52

Building Insurer Insured Insurance 52

American Agents Alliance

AUGUST 4, 2024

Both of these roles work directly with policyholders during stressful times. And for agents, they are helping insureds make challenging decisions that affect their financial future — and often helping them decide how to spend premium dollars. Empathy is important for agents and claims adjusters. For adjusters, they assist after a loss.

Insurance Agents 52

Insurance Agents Insurance Agent Agents Insurer 52

QuickQuote

JULY 29, 2023

Since life insurance companies pay out multiple claims per year, you may wonder how life insurance companies make money if claims sometimes eclipse the amount earned in premiums. The answer is that life insurance company profitability is based on more than just the amount it earns in premiums. first appeared on QuickQuote.com.

Life Insurance 40

Life Insurance Insurance Companies Premium Insurer 40

Healthinsurance.org

JANUARY 2, 2024

Under a Preferred Provider Organization plan, policyholders receive discounted prices from in-network healthcare providers partnered with the PPO, which means that the provider will write off a portion of their billed amount, under the terms of the network agreement with the health plan.

Out-Of-Pocket 52

Out-Of-Pocket Deductible Policyholder Out-Of-Pocket Expense 52

Leadsurance

SEPTEMBER 26, 2023

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. For an insurance agent, instead of a generic “Learn More”, consider a CTA like “Unlock Your Premium Benefits Today!”

Insurance Agents 52

Insurance Agents Insurance Agent Agents Policyholder 52

Property Insurance Centre

JANUARY 30, 2024

Key aspects to consider when buying buildings insurance include reviewing the policy’s exclusions , understanding excesses , comparing premiums, and evaluating the level of customer service provided by the insurer. Review the policy’s exclusions , understand excesses , and compare premiums.

Insured 52

Insured Insurer Insurance Building 52

Distinguished

NOVEMBER 7, 2024

This heightened risk necessitates more substantial bonds, often with higher premiums, to cover potential defaults or non-payment issues. Insurance Products: Insurance transfers risk from the insured (policyholder) to the insurer (insurance company). Performance and payment bonds become crucial in managing these risks.

Claim 52

Claim Compensation Risk Broker-Agent 52

Leadsurance

AUGUST 1, 2023

By incorporating elements such as: challenges points levels leaderboards gamification creates an interactive and engaging experience for users, including policyholders. For example, customers who drive without accidents or stay below a certain speed limit can earn points or receive discounts on their premiums.

Insurance Companies 52

Insurance Companies Insurance Agents Insurance Agent Insurer 52

Constant Contact

JANUARY 28, 2021

For example, a blog feature on life insurance may begin by differentiating term and whole life insurance before delving into specifics such as guaranteed whole life or indeterminate premium whole life. Tailor these posts based on the types of insurance you provide and the specific policyholders who might find certain guests compelling.

Insurer 52

Insurer Insured Insurance Life Insurance 52