1H 2023 P&C Trends Examined
1H 2023 P&C Trends Examined 2023 has been an eventful year for P&C carriers – we’ve witnessed the meteoric rise of interest rates decimate profits, massive premium rate hikes as high as 40% in some states, and forever customers rethinking their loyalty and shopping around in record numbers as a response – and it’s only […]
ExamOne and ForMotiv Announce New Strategic Relationship
ExamOne and ForMotiv collaborate to offer behavioral analytics technology in online personal history questionnaires ExamOne, a leading provider of risk assessment solutions is pleased to announce a strategic relationship with ForMotiv, the leading provider of life and property and casualty behavioral data science solutions. ExamOne and ForMotiv’s strategic relationship will expand the capabilities of ExamOne’s […]
Unlocking the Power of Intent Data in Insurance
Intent Data in Insurance In today’s hyper-connected digital world, business success increasingly depends on the ability to understand and leverage intent data. This type of data can provide invaluable insights into customer behavior, preferences, and needs, helping companies to optimize their marketing strategies and drive revenue growth. In this article, we will explore the basics […]
Premium Leakage in Auto Insurance: The Complete Guide
Premium Leakage in Auto Insurance: The Complete Guide Premium leakage in auto insurance is one of the common, and costly, facing carriers today. The challenge lies in figuring out how to stop it without unintentionally creating additional friction. Picture two applicants – they submit the exact same auto insurance application on the exact same day. […]
Why Digital Insurance Applications Made Premium Leakage Worse
Why Going Digital Made Premium Leakage Worse There’s a stat that doesn’t get talked about enough in insurance circles: application misrepresentation, or put another way, application integrity — how accurately applicants represent their actual risk — is down more than 20% over the last decade. Twenty percent. And the timing isn’t a coincidence. That decline […]
Everything You Need to Know About First-Party Intent Data
See How ForMotiv’s First-Party Behavioral Intent Data is Leveraged by Leading Carriers Today Table of Content: First, Second, and Third-Party Data First-Party Marketing Data First-Party Underwriting Data Veracity of Customer-Submitted Data in P&C Insurance Veracity of Customer-Submitted Data in Life Insurance The Story We’re Hearing in 2023 Leveraging ForMotiv’s First-Party Behavioral Intent Data Purchase Intent […]