The Year of “Real-Time Intent Data”
The Year of Real-time Intent Data in Insurance Having closed out a very successful 2022, I want to thank our customers, partners, and employees for continuing to push the boundaries of what’s possible with insurance digital experiences. I am extremely excited about 2023. In fact, I believe that 2023 will be the year we cross […]
Current State of the InsurTech Industry
Current State of the InsurTech Industry Safe to say, it’s been a rocky year for the InsurTech industry. According to CB Insights, global InsurTech funding for Q1’22 was down 58%. With funding drying up and some InsurTechs closing their doors, we’re entering a period where we’ll start to see who the real contenders are. Now […]
Why Are Auto Insurance Rates Rising?
Why Are Auto Insurance Rates Rising? If you’ve recently shopped for or renewed your car insurance, you probably noticed a price increase. So why are auto insurance costs rising? Inflation, of course. Have you heard that word lately? I figured as much. Every company, customer, and country around the world is currently dealing with inflation, […]
Insurance Soft Fraud: Why Small Lies Cost Carriers $30 Billion
When was the last time you told a white lie? To a spouse, to a friend, maybe a coworker. To protect someone’s feelings, to smooth over an awkward situation, to exaggerate enthusiasm you didn’t quite feel. Near-truths have become so normalized that most people don’t even register them as lies. In the world of insurance, […]
Impact of Climate Change on Property Insurance
Impact of Climate Change on Property Insurance The impact of climate change on property insurance is incredibly costly. Natural disasters are affecting greater population sizes across the world, and insurance companies are feeling the financial impact. In fact, a recent study showed that only 8% of insurers are preparing adequately for the impact of natural […]
Did Lemonade Kill the Loss Ratio? Not so fast…
Lemonade’s Loss Ratio: Why Insurance Carriers Should, and Shouldn’t, Be Worried… Over the past few years, regardless of what your role in the insurance landscape has been, you’ve more than likely heard of Lemonade. Doesn’t matter if you believe they are the “Uber of Insurance” or a company destined to fail, Lemonade’s loss ratio and […]