Features
Auto Application Fraud: A “Stoplight” Approach to Mitigate Risk
SUMMARY Personal auto insurance application fraud has increased 18 percent since 2019. Artificial intelligence (AI) is powering advances in search-and-match algorithms that improve hit rates, reduce ...
Open Letter to Carriers: R&D Investment Needed to Close the Gap
What is the purpose of the insurance sector? Presumably, it's to provide financial security to individuals, enterprises and communities by transferring risk in a way that provides a degree of ...2024 – A Year of Needed Change
While 2023 is behind us, the impact continues to resonate in our strategies and operational plans for 2024, because many of the challenges and shifts we experienced continue to be in play and are ...
How to Create a ‘Candidate First’ Approach to Recruiting
In my last article I offered advice on how insurance organizations can improve job advertisements, with my final recommendation to, "Insert as much 'what candidates want' information as possible." As ...
Not So Stable: AM Best Analyzes Commercial Segment’s Casualty Lines
Heading into 2024, AM Best maintained a stable outlook on the overall U.S. commercial lines sector. This was based on our expectation that the segment as a whole will remain profitable and resilient ...2024 outlook: 4 ways tech fueled MGAs will accelerate the industry
The stalled M&A market and increased reinsurance prices of 2023 will not be holding MGAs (Managing General Agents) back this year. In 2024, top MGAs will forge ahead increasing revenue through ...
Insurers’ Advertising Spending in Reverse, But for How Long?
You probably know them well: the GEICO Gecko, Flo from Progressive, the Liberty Mutual Emu, Allstate's Mayhem, Jake from State Farm. In a nearly $800 billion dollar industry, with nearly half of it ...