Insights
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Reduce Policy Acquisition Costs While Improving Customer Experience
Does your auto insurance underwriting process include the use of credit scores? If so, you know that the costs can really add up. You pay
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Auto Insurance Risk Selection FOMO
Have you ever suffered from the Fear of Missing Out (FOMO)? You’ve probably heard of this common condition, often experienced by social media scrollers who
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The Hyper-Personalization Trend: Does it Work in Auto Insurance?
Hyper-personalization has taken off. Here are a few modern examples … What’s the Difference Between Hyper-Personalization and Segmentation? Hyper-personalization is one-to-one, while segmentation is one-to-many.
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Personalized Auto Insurance Risk Selection: An Essential Strategy for the New Claims Normal
The property and casualty insurance market is finally seeing some relief. As inflation has eased, underwriting performance has started improving. However, challenges remain for the
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The Shift from Gatekeeping to Growth in the Auto Insurance Sector
There’s finally a light at the end of the tunnel for the auto insurance sector. After years spent trying to regain profitability, many insurers are
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6 Ways Insurers Are Using AI in Underwriting
There’s a lot of talk about artificial intelligence (AI) in insurance, but how exactly are insurers leveraging new AI and machine learning (ML) capabilities? Whereas
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Top Auto Insurance Trends Now
What’s happening in auto insurance right now? Let’s take a look at 10 significant auto insurance trends impacting operations, losses, and customer satisfaction. 1. Property
How Can Insurers Prepare for A Wave of AI Regulation?
AI is booming, and this may lead to a new wave of AI regulation. For insurance companies trying to refine their AI strategy, the possibility
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Are You A Competitor or A Spectator?
Sometimes a wait-and-see approach makes sense. Deciding whether to leverage new technologies is not one of those times. Progressive’s use of emerging AI tools is