Realistic Steps for Improving Your Return on Insurance Data

June 29, 2017 by Dan Jones and Jim Toole

The insurance industry’s return on investment has reached its lowest level in decades, according to the 2016 Annual Report on the Insurance Industry by the U.S. Federal Insurance Office. Primary causes include increased weather-related events and increased competition that has exacerbated soft pricing, constrained profit margins and inhibited premium growth.

To survive and thrive, insurance companies must find new ways to economically compete for new customers while gaining more value from existing customers.