Drivers will increasingly demand big discounts for low mileage. – Read more
Archives for September 2014
Carriers Want Loyalty but Haven’t Earned It
Intermediaries will emerge that will shop automatically for insurance for customers on an hourly, daily or weekly basis. – Read more
Phone’s New Trick: Cheap Car Insurance
Paying by the mile no longer requires special hardware. Just take a picture of your odometer from time to time. Read more here
Better together: Analytics, data, corporate culture
Regardless of the type of insurance a carrier writes, analytics is often at the core of its business. Companies can make data-based decisions quicker and with more insight and accuracy using sophisticated analytics tools. When applied across the enterprise, such decisions in production, sales, and service create a virtuous cycle of continuous improvements — producing a corporate culture of analytically driven, sustainable excellence. (Read more on The Journal of Insurance Operations website)
Playing the Numbers: Using Analytics to Innovate, Adapt, and Thrive
by Marty Ellingsworth
While numbers can lie, sometimes they’re real and tell an interesting story. In the insurance industry, for example, in the next four years, there will be $1 trillion in personal lines insurance premiums at the crossroads where primary carriers meet 300 million people living in the United States. (Read more on the Journal of Insurance Operations website)