American Agents Alliance

MARCH 3, 2025

New efficient processes and workflows for underwriting, claims, policy administration, billing, and customer service have been implemented across the industry. However, for agents and brokers, these new AI-driven processes can introduce new E&O risks to mitigate and manage.

Broker-Agent 52

Broker-Agent Broker Agents Risk 52

InsuredMine

JULY 19, 2024

Insurance agencies once focused primarily on assessing risks, underwriting policies, and managing claims. 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.

Risk 59

Risk Policyholder Insured Insurance 59

ProWriters

FEBRUARY 7, 2025

At the same time, AI makes improved risk assessment and protection against cyber threats possible. AI-driven advancements in malicious tactics mean brokers must account for evolving risks in the underwriting process. By reducing false positives, it helps insurers assess actual risk exposure.

Cyber 53

Cyber Broker-Agent Broker Liability 53

Distinguished

MARCH 6, 2025

In Los Angeles, housing code violations present challenges that affect property safety, compliance, and insurance underwriting. Insurers view these violations as signs of deferred maintenance and increased risk. She oversees the programs strategic planning, product management, and underwriting profitability.

Building 59

Building Damage Insurance Broker Underwriter 59

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. The key is to match innovative risk transfers with risk prevention and assign accountability within an executive team to ensure goals are top of mind.”

Policyholder 40

Policyholder Risk Underwriter Underwriting 40

Distinguished

MARCH 17, 2025

With infractions ranging from heating failures to illegal conversions, understanding these issues is essential for assessing risk and underwriting policies. This can pose serious health risks for tenants and lead to significant liabilities. Insurers view these violations as signs of deferred maintenance and increased risk.

Broker 52

Broker Insurance Broker Building Underwriter 52

American Agents Alliance

DECEMBER 8, 2024

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. Read more about 2025 insurance trends and consider how these risks and opportunities may impact your agency.

Broker-Agent 40

Broker-Agent Agents Broker Risk 40

American Agents Alliance

JULY 5, 2024

Agents and brokers can leverage data analytics to help reduce their E&O risk and mitigate losses in several ways. Ways to Leverage Data Analytics to Mitigate E&O Risk Here are some actionable ways independent agents and brokers can use data to mitigate their E&O risk. Improve underwriting accuracy using data.

Risk 40

Risk Broker-Agent Agents Policyholder 40

Distinguished

MARCH 19, 2025

Mold & Water Damage are also major concerns; leaks or excessive moisture can lead to mold growth that poses health risks. Additionally, Electrical Hazards like exposed wiring or unpermitted electrical workpose serious safety risks. Insurers view these violations as signs of deferred maintenance and increased risk.

Building 52

Building Broker Damage Insurance Broker 52

Triple-I: Business Insurance

AUGUST 11, 2022

The property & casualty insurance industry’s combined ratio – an indicator of underwriting profitability – is forecast at 100.7 points from 2021, according to actuaries at Triple-I and Milliman , a risk-management, benefits, and technology firm. for 2022, up 1.2 We forecast 2022 P&C premium growth of 8.5

Underwriting 40

Underwriting Underwriter Workers Compensation Premium 40

Majesco

JUNE 13, 2024

How did it come to the point where insurance doesn’t seem capable of taking the upper hand in the race between risk and profit? Today’s business is navigating so many adverse circumstances and risk-related variables that it almost seems like an impossible equation. Let’s look at just property risk for a moment.

Risk 40

Risk Underwriter Underwriting Insured 40

Distinguished

MARCH 21, 2025

In Chicago, housing code violations not only affect tenant safety and property values but also play a critical role in insurance risk assessments. Then there are electrical hazards , such as exposed wiring or faulty outlets, which pose serious safety risks. Structural problems are also a significant concern.

Building 52

Building Insurance Broker Broker Damage 52

Risk Management Monitor

SEPTEMBER 21, 2021

Spotting problem areas and opportunities sooner makes it easier to develop and implement steps to reduce risk pre-loss and better control costs post-loss. This often includes the risk manager, and may also encompass employees from legal, human resources, safety, operations and even the CFO, in some cases.

Claim 75

Claim Injury Workers Compensation Risk 75

Triple-I: Homeowners Insurance

JUNE 27, 2024

It’s important for policyholders and policymakers to understand the role of economic conditions and trends in setting rates. Jennifer Kyung, Property and Casualty Chief Underwriting Officer at USAA, opens a window into the complex world of underwriting and economics in a recent episode of Triple-I’s All Eyes on Economics podcast.

Underwriting 52

Underwriting Underwriter Insured Insurance 52

Scott Insurance

APRIL 21, 2020

As business models and operations shift and evolve, M&D companies must stay vigilant on risk management efforts. What risk do we assume in repurposing our operations in response to COVID-19? Have you considered varying levels of risk when distributing to healthcare and/or government entities? How will you advertise?

Risk 40

Risk Liability Underwriter Underwriting 40

Majesco

FEBRUARY 15, 2024

The concept of speed is increasingly becoming an important competitive factor when presenting rating information for specialty insurance risk coverage. Insurance risks are diverse and ever-evolving, especially specialty insurance, which plays a crucial role in providing coverage for unique and high-risk situations.

Policyholder 40

Policyholder Broker-Agent Risk Broker 40

Cowbell

JANUARY 13, 2025

We have prioritized market education, a crucial element in managing risk and fostering trust with our partners and policyholders. Our expansion of product offerings and our commitment to helping organizations of all sizes manage cyber risk have set a strong foundation for our future.

Cyber 52

Cyber Broker-Agent Commercial Insurance Underwriter 52

Triple-I: Homeowners Insurance

MAY 8, 2024

Claims-related litigation is down, the “ depopulation ” of the state’s insurer of last resort continues apace, and underwriting profitability – while still in negative territory – has improved significantly.

Premium 52

Premium Insured Insurance Insurer 52

Protect Commercial Insurance

OCTOBER 4, 2024

Changes in Underwriting Processes Interest rates can also shape the underwriting processes used by insurance companies. Underwriting involves evaluating risks and determining suitable premiums for policyholders. Therefore, higher interest rates can sometimes lead to more expensive insurance.

Property Insurance 52

Property Insurance Out-Of-Pocket Premium Insured 52

Property Insurance Centre

JANUARY 4, 2024

. “The increasing frequency and severity of weather events have made it imperative for insurers to reassess their risk models and coverage options,” says weather expert Dr. Emma Thompson. Insurers are investing in advanced technology and data analytics to improve risk assessment and underwriting processes.

Property Insurance 52

Property Insurance Commercial Property Liability Insured 52

American Agents Alliance

NOVEMBER 15, 2024

Collaborative partnerships with carriers improve service for policyholders, enhance an agency’s growth potential, and provide learning opportunities for agents. Offer feedback from policyholders and constructive thoughts when interacting with carrier partners. Every relationship is enhanced by clear, open communication.

Building 40

Building Agents Broker-Agent Policyholder 40

InsuredMine

MAY 20, 2024

.” Rather than forcing a rigid, one-size-fits-all approach, these companies are tapping into new technologies to craft customized insurance packages for each consumer’s unique needs and risk profile. This model works well when risk is predictable and spread across a large number of policyholders.

Insured 52

Insured Insurer Insurance Premium 52

Protect Commercial Insurance

DECEMBER 6, 2024

The notion of business coverage can be traced back to medieval times, when the shipping industry first implemented rudimentary forms of risk management. With rapid advancements in machinery and transportation, businesses faced new categories of risk. By the 20th century, the insurance industry began to reflect broader societal shifts.

Commercial Insurance 52

Commercial Insurance Commercial Insured Insurance 52

Majesco

APRIL 25, 2024

Policy management flows smoothly from shortstop (underwriting) to second base (billing) to first base (customer service). 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

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. Clear communication is key, the participants agreed. Preventing adversaries to the U.S.

Out-Of-Pocket 65

Out-Of-Pocket Broker-Agent Premium Claim 65

Distinguished

NOVEMBER 7, 2024

Surety’s Defenses : The surety may invoke certain defenses against the obligee’s claim, such as contract modifications that increase the surety’s risk without consent or the obligee’s failure to comply with contractual conditions that mitigate the surety’s obligations.

Claim 52

Claim Compensation Risk Broker-Agent 52

Distinguished

MARCH 6, 2025

In Los Angeles, housing code violations present challenges that affect property safety, compliance, and insurance underwriting. Insurers view these violations as signs of deferred maintenance and increased risk. She oversees the programs strategic planning, product management, and underwriting profitability.

Building 52

Building Damage Insurance Broker Underwriter 52

Property Insurance Centre

NOVEMBER 11, 2024

In other cases, it will be due to underwriting appetite of insurers and their ever changing attitudes to risk. 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.

Insured 52

Insured Insurer Insurance Premium 52

Majesco

APRIL 11, 2024

They are looking at their financials, growth, profitability, pace of technology change, increasing risk, and customer demands to determine next steps with their technology foundation. There are some positive things that emerged during 2023 regarding risk prevention. We have to prevent more risk from occurring.

Commercial Property 40

Commercial Property Risk Claim Deductible 40

Cowbell

APRIL 3, 2025

Here at Cowbell, we remain committed to helping policyholders, agents, and brokers gain a comprehensive view of riskinside and out. This expansion means that Cowbell policyholders now have more opportunities to refine their Cowbell Factors (our proprietary risk ratings) and potentially qualify for reduced premiums.

Cyber 52

Cyber Policyholder Broker-Agent Risk 52