Autumn is here, and that means it’s time for pumpkins, apple cider, and the ACA annual open enrollment period. If you need to change your ACA health coverage — sometimes called “Obamacare” — this is the time to do it. You may add or remove dependents, change details, like your income or marriage status, buy […]
7 strategic cyber steps for the Chief Underwriting Officer | Insurance Blog
Cyber is an expanding net-new growth area with opportunity to deliver a compelling insurance offering especially in the mid-market. Yet, the path to becoming a market-leading and profitable cyber insurer is fraught with challenges. In this article, we outline the essential strategies to develop a top-tier cyber offering, culminating in a guide to the 7 […]
Bicycle Accident Insurance – What Cyclist Ned to Know
Key Takeaways: Cyclists involved in accidents with motor vehicles may be covered by the driver’s car insurance policy, including UM/UIM coverage. While home insurance provides some protection, it may not cover all risks associated with bicycle accidents. Cyclists should evaluate their policies and consider additional coverage options to close the gaps in protection. Specialized bicycle […]
Why You Need to Update Your Homeowners Insurance Before Renting Out Your Property
Homeowners and landlords use their property differently, so they face different risks. That’s why several distinctions exist between homeowner’s insurance and landlord insurance. For insurance purposes: A homeowner lives in a primary residence full-time. They own the home completely or make a mortgage payment. Usually, they keep most of their belongings at this home, too. […]
Navigating the next era of growth in insurance brokerage | Insurance Blog
The brokerage market has enjoyed a period of sustained revenue growth, profitability, and shareholder value, driven by favorable macroeconomic conditions. M&A activity has flourished due to easy access to inexpensive capital on a robust cash flow business, while organic growth has been fueled by a hardening rate environment and inflation-driven exposure increases. Shareholder value, including […]
What does market-leading cyber claims management look like? | Insurance Blog
Recently, many leading insurers have applied transformative solutions to enhance their cyber products. With the cyber insurance market projected to double to $29B by 2027, we explore what constitutes market-leading cyber claims management. In this blog we’ll delve into the complexities of responding to cyber claims, the essential skills required by claims adjusters, and the […]
College Student Car Insurance Explained
A new school year is upon us. And it’s time for parents and students to discuss affordable car insurance for college students. Whether you need to know about the cost of car insurance for college students, the discounts available for some, or the best types of car insurance for college students, the experienced team at […]
Beyond premiums: What really drives customer loyalty? | Insurance Blog
Personal lines insurance is very price-sensitive. As discussed previously, maintaining a 20+% expense ratio is not feasible for insurers. Beyond pricing, what truly fosters customer loyalty, and how can insurers compete to increase their market share? In this blog, I explore strategies for enhancing customer loyalty and retention, provide forecasts on the evolving risk landscape […]
Does Home Insurance Cover Water Damage?
Key Takeaways: Homeowners insurance policies typically cover water damage that occurs suddenly and accidentally, such as from burst pipes, appliance malfunctions, or storm-related roof damage. Gradual leaks and damage resulting from poor maintenance are generally excluded from coverage. It is crucial to thoroughly understand the specifics of your home insurance policy to know what types […]
5 areas of algorithmic underwriting advantage | Insurance Blog
Use of algorithmic underwriting is increasing across the insurance industry. With enhanced decision-making and improved risk assessments, an algorithmic approach to underwriting can optimize operations for insurers and experience for their customers. In this post we delve into the evolution and advantages of algorithmic underwriting and share our insights on building and scaling an algorithmic […]