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Turning the Embedded Insurance Challenge Into an Opportunity

Zywave

At the point of purchase the exact moment when customers are most receptive to considering protection insurance providers are now able to make instant underwriting decisions. At the same time, they benefit from contextual data that improves underwriting precision. Brokers enjoy similar customer access benefits, at a lower cost.

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Falling Work Comp Rates: The Good, the Bad, and the Ugly

R&R Insurance

On October 1, 2024 Wisconsin continued its trend entering a ninth consecutive year of reduced workers compensation insurance rates. Workers compensation rates are state mandated in Wisconsin, meaning all insurance carriers must use the same rates resulting in premiums from one carrier to another are basically the same.

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P&C Insurance Achieves Best Results Since 2013; Wildfire Losses, Tariffs Threaten 2025 Prospects

Triple-I: Homeowners Insurance

point enhancement compared to the prior year and representing the sector’s most favorable underwriting performance since 2013, as detailed in a recent report by Triple-I and Milliman. The workers compensation system continues an era of exceptional performance with strong results and a financially healthy line, said Glenn.

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Workers Comp Premium, Loss, Market Trends Support Its Ongoing Success

Triple-I: Workers Compensation

By William Nibbelin, Senior Research Actuary, Triple-I The workers compensation insurance industry experienced its second-best underwriting result in the past 20 years in 2023, with a net combined ratio of 87, according to Triple-Is latest Issues Brief. A combined ratio under 100 indicates a profit. A ratio above 100 indicates a loss.

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Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

For example, if a property owner hires a new manager and includes medical coverage as part of the compensation package but forgets to enroll them in the company-sponsored health plan, this oversight might only come to light when the coverage is needed. However, we can give you an idea of what will influence the costs of a policy.

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Business Owner’s Policy for Restaurants

Distinguished

fire suppression, alarms) Distinguished also provides access to underwriters who specialize in hospitality risks. Is workers’ compensation included in a BOP? While a BOP offers broad protection, there are exclusions. Brokers should help clients assess gaps and recommend add-ons where needed. How fast is quoting and binding?

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Word & Brown Services Empower Independent Brokers

Word & Brown

To be specific, were here for you from start to finish from prospecting to quoting, enrolling to underwriting, and servicing to renewing. Underwriting Expertise: Our underwriting team works directly with our carrier partners to ensure faster review and approval of your cases.