1H 2023 Life Insurance Trends Examined
1H 2023 Life Insurance Trends Examined Current Trends Facing the Life Insurance Space: Navigating a Changing Landscape Last week we examined the 2023 P&C Trends we’re seeing in the first half of the year; this week we are shifting our focus to the Life market. In this article, we will explore several key trends impacting […]
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 […]