The Insurance Pro

JANUARY 25, 2025

So we must keep in mind that the dividend interest rate leaves out things like underwriting profits and administrative expenses that also affect the final dividend payable to a policyholder. For this reason, we track it to determine if policyholders are likely receiving more or less dividends over time.

Life Insurance 91

Life Insurance Policy Insurance Policy Policyholder 91

PSM Brokerage

FEBRUARY 27, 2025

The Birthday Rule is gaining traction across the country, allowing Medicare Supplement policyholders to switch plans without medical underwriting around their birthday each year. Reduced underwriting can lead to higher premiums , increased policy lapses, and fewer carriers remaining in the market. in 2024 vs. 13.0%

Underwriter 52

Underwriter Underwriting Policyholder Premium 52

American Agents Alliance

APRIL 3, 2025

While the relationship between tariffs and insurance costs can seem unrelated, tariffs can increase costs for insurers and policyholders. Read more to understand this relationship and how agents can help policyholders manage this uncertainty. Here are some ways agents can help: Educate policyholders about costs and rising premiums.

Agents 52

Agents Policyholder Premium Auto Insurance 52

Cowbell

NOVEMBER 15, 2024

We’re excited to announce that Emma Werth has been appointed Vice President of Underwriting and Reinsurance. Early in her career, she worked in customer-facing roles at State Farm, The Hartford and Liberty Mutual and then as an Underwriter at Zurich, NAS Insurance Services, Tokio Marine, and Axis Capital.

Underwriter 52

Underwriter Underwriting Cyber Policyholder 52

Zywave

NOVEMBER 13, 2024

We’re prepared to help you grow your distribution network, power your decision making with industry-leading data and insights and empower your teams and policyholders with industry knowledge and expertise. Policyholders are going to experience losses. Cyber attacks are going to happen. Regulations are going to continually change.

Cyber 97

Cyber Policyholder Insured Insurance 97

Triple-I: Homeowners Insurance

MAY 13, 2025

Insurers underwrite and price coverage based on the risks theyre assuming, and rising premiums in these states have pushed more homeowners into residual market mechanisms, such as state-backed insurance pools or agencies. This isnt a tenable situation for the state or its policyholders.

Risk 52

Risk Underwriter Underwriting Premium 52

Triple-I: Business Insurance

JUNE 8, 2022

With this in mind, 73 percent of policyholders said they consider climate change one of their primary concerns, compared with 40 percent of insurers. ” The report emphasizes the economic losses associated with climate, which it says have grown by 250 percent in the last 30 years.

Policyholder 40

Policyholder Risk Underwriter Underwriting 40

Triple-I: Business Insurance

AUGUST 11, 2022

The property & casualty insurance industry’s combined ratio – an indicator of underwriting profitability – is forecast at 100.7 A combined ratio below 100 represents an underwriting profit, and a ratio above 100 represents a loss. for 2022, up 1.2 They presented their findings at a Triple-I members-only virtual webinar.

Underwriter 40

Underwriter Underwriting Workers Compensation Premium 40

Distinguished

MARCH 6, 2025

In Los Angeles, housing code violations present challenges that affect property safety, compliance, and insurance underwriting. These cases often focus on whether an insurer is required to cover damages when a policyholder has violated housing codes or other regulations. Katie is based in Rhode Island.

Building 59

Building Damage Insurance Broker Policy 59

American Agents Alliance

MARCH 3, 2025

New efficient processes and workflows for underwriting, claims, policy administration, billing, and customer service have been implemented across the industry. Chatbots and other types of automated interactions with policyholders could create errors. The potential exists for bias in AI to affect pricing and underwriting.

Broker-Agent 52

Broker-Agent Broker Agents Risk 52

Triple-I: Homeowners Insurance

JUNE 27, 2024

It’s important for policyholders and policymakers to understand the role of economic conditions and trends in setting rates. Jennifer Kyung, Property and Casualty Chief Underwriting Officer at USAA, opens a window into the complex world of underwriting and economics in a recent episode of Triple-I’s All Eyes on Economics podcast.

Underwriter 52

Underwriter Underwriting Insured Insurance 52

Distinguished

MARCH 17, 2025

With infractions ranging from heating failures to illegal conversions, understanding these issues is essential for assessing risk and underwriting policies. These cases often focus on whether an insurer is required to cover damages when a policyholder has violated housing codes or other regulations. Katie is based in Rhode Island.

Broker 52

Broker Insurance Broker Building Underwriter 52

Distinguished

MARCH 20, 2025

These cases often focus on whether an insurer is required to cover damages when a policyholder has violated housing codes or other regulations. She oversees the programs strategic planning, product management, and underwriting profitability. Yes, several legal precedents have shaped how housing violations impact insurance coverage.

Broker 52

Broker License Insurance Broker Risk 52

ProWriters

FEBRUARY 7, 2025

AI-driven advancements in malicious tactics mean brokers must account for evolving risks in the underwriting process. As a result, policyholders benefit from nuanced coverage better reflecting their cyber security needs. No insurance broker or agent today can afford to ignore the presence of artificial intelligence in cyber security.

Cyber 53

Cyber Broker-Agent Broker Risk 53

Distinguished

MARCH 19, 2025

These cases often focus on whether an insurer is required to cover damages when a policyholder has violated housing codes or other regulations. She oversees the programs strategic planning, product management, and underwriting profitability. Yes, several legal precedents have shaped how housing violations impact insurance coverage.

Building 52

Building Broker Damage Insurance Broker 52

Majesco

FEBRUARY 15, 2024

Carriers must balance speed and accuracy to deliver precise risk evaluation, with the expectation and result of comprehensive and fair premium pricing for both the insurer and its policyholders. Let’s These types of risks often require specialized knowledge and underwriting expertise.

Policyholder 40

Policyholder Broker-Agent Risk Broker 40

InsuredMine

JULY 19, 2024

Insurance agencies once focused primarily on assessing risks, underwriting policies, and managing claims. This innovative approach combines big data, machine learning, and advanced statistical techniques to forecast which policyholders are likely to discontinue their coverage. However, the landscape has shifted dramatically.

Risk 59

Risk Policyholder Insured Insurance 59

Cowbell

NOVEMBER 26, 2024

He will work directly with the sales, product, and leadership teams to ensure alignment with business objectives, fostering broker and policyholder engagement, and spearheading innovative campaigns that reinforce Cowbell’s position as a leader in cyber insurance.

Cyber 52

Cyber Building Commercial Insurance Policyholder 52

American Agents Alliance

NOVEMBER 15, 2024

Collaborative partnerships with carriers improve service for policyholders, enhance an agency’s growth potential, and provide learning opportunities for agents. Offer feedback from policyholders and constructive thoughts when interacting with carrier partners. Every relationship is enhanced by clear, open communication.

Building 40

Building Agents Broker-Agent Policyholder 40

Distinguished

MARCH 21, 2025

These cases often focus on whether an insurer is required to cover damages when a policyholder has violated housing codes or other regulations. She oversees the programs strategic planning, product management, and underwriting profitability. Yes, several legal precedents have shaped how housing violations impact insurance coverage.

Building 52

Building Insurance Broker Broker Damage 52

Cowbell

JANUARY 13, 2025

We have prioritized market education, a crucial element in managing risk and fostering trust with our partners and policyholders. They enable fast, automated submissions, underwriting, threat intelligence, and quote generation, all while reducing human biases for more objective assessments.

Cyber 52

Cyber Broker-Agent Commercial Insurance Underwriter 52

Protect Commercial Insurance

OCTOBER 4, 2024

Changes in Underwriting Processes Interest rates can also shape the underwriting processes used by insurance companies. Underwriting involves evaluating risks and determining suitable premiums for policyholders. Therefore, higher interest rates can sometimes lead to more expensive insurance.

Property Insurance 52

Property Insurance Out-Of-Pocket Premium Insured 52

American Agents Alliance

DECEMBER 8, 2024

Driven by rapid advancements in technology, shifting risks, and increasing policyholder expectations, the industry will likely have different products and services by the time 2025 draws to a close. Innovative digital tools can streamline underwriting while improving efficiency for insurers and agents.

Broker-Agent 40

Broker-Agent Agents Broker Risk 40

Risk Management Monitor

SEPTEMBER 21, 2021

The policyholder’s unique objectives should drive decisions about how often to conduct the claims reviews, what types of claims to include and where to dive into the greatest detail. Another company may have an unusually high experience modification rate that they want to bring down by reducing the frequency of worker injuries.

Claim 75

Claim Injury Workers Compensation Risk 75

InsuredMine

DECEMBER 26, 2024

These tools can forecast potential risk scenarios years in advance, helping agencies adjust their underwriting strategies and product offerings accordingly. Many InsurTech firms offer digital platforms that allow policyholders to file claims online, upload documentation, and track the status of their claims in real-time.

Risk 105

Risk Claim Building Financial Loss 105

American Agents Alliance

JULY 5, 2024

Improve underwriting accuracy using data. Predictive analytics can help improve the accuracy of risk assessments during underwriting. Having better data means better coverage recommendations, which leaves fewer policyholders uninsured or underinsured — lowering E&O risk. Analyze performance data of the agency frequently.

Risk 40

Risk Broker-Agent Agents Policyholder 40

Paragon Independent Insurance Agencies

JUNE 14, 2024

If the policyholder makes mistakes during the claims process, it can lead to delays, denials, or underpayment of claims, which can significantly impact a business’s financial stability. The insurance agents are there to break down all the details, from underwriting to filing claims. These are regular issues around Plano, TX.

Commercial Insurance 40

Commercial Insurance Commercial Insurance Claim Claim 40

Property Insurance Centre

JANUARY 4, 2024

” In response to rising property losses, insurance companies have adjusted their underwriting guidelines, resulting in higher premiums and limited coverage for properties located in high-risk areas. Insurers are investing in advanced technology and data analytics to improve risk assessment and underwriting processes.

Property Insurance 52

Property Insurance Commercial Property Liability Insured 52

Triple-I: Homeowners Insurance

MAY 8, 2024

Claims-related litigation is down, the “ depopulation ” of the state’s insurer of last resort continues apace, and underwriting profitability – while still in negative territory – has improved significantly.

Premium 52

Premium Insured Insurance Insurer 52

ProWriters

JUNE 4, 2025

That speed has helped Coalition recover more than $101 million in stolen funds for policyholders. For brokers selling business Cyber Insurance, having a carrier that simplifies both underwriting and policy structure removes a major barrier to closing deals. Carr put it simply: Time is of the essence.

Insurance Broker 53

Insurance Broker Cyber Broker Protection 53

Cowbell

MAY 28, 2024

I look forward to the significant impact Cowbell will continue to have on the industry – creating value for our partners and policyholders while working to protect small and mid-market businesses.” ” “I’m thrilled to be given the opportunity to lead our global distribution efforts,” said Simon Hughes. “As

Broker-Agent 40

Broker-Agent Cyber Broker Building 40

InsuredMine

MAY 20, 2024

This model works well when risk is predictable and spread across a large number of policyholders. Advanced data analytics and AI-driven algorithms simplify the underwriting process. By using big data analytics, insurers can assess risks in real-time, allowing for more accurate pricing and underwriting decisions.

Insured 52

Insured Insurance Insurer Premium 52

Majesco

JUNE 13, 2024

Can actuaries, underwriters, and business leaders get back on top and win the combined ratio game? It is helping insurers avoid costly risks, coaching policyholders to make sensible changes and it is dramatically improving the claims process. The world and the economy have handed insurers a tough equation.

Risk 40

Risk Underwriter Underwriting Insured 40

Majesco

APRIL 25, 2024

Policy management flows smoothly from shortstop (underwriting) to second base (billing) to first base (customer service). When a policyholder feels heard, when a claim is resolved swiftly, when premiums align with value—those are the grand slams insurers aim for. The ball never hits the dirt.

Premium 40

Premium Underwriter Underwriting Claim 40

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

Opaque, ill-defined language empowers predatory “ billboard attorneys ” to define these terms themselves, contributing to pervasive policyholder distrust, said Jeff Sauls, Farmers Insurance head of legislative affairs. Clear communication is key, the participants agreed.

Out-Of-Pocket 64

Out-Of-Pocket Broker-Agent Premium Claim 64

Distinguished

MARCH 6, 2025

In Los Angeles, housing code violations present challenges that affect property safety, compliance, and insurance underwriting. These cases often focus on whether an insurer is required to cover damages when a policyholder has violated housing codes or other regulations. Katie is based in Rhode Island.

Building 52

Building Damage Insurance Broker Policy 52

Scott Insurance

APRIL 21, 2020

Material Change in Risk Manufacturers & Distributors should prepare for the possibility of increased underwriting scrutiny. Proper Disclosure to Your Insurance Provider Insurance policies outline terms and conditions of coverage, including what responsibilities the policyholder must comply with in order to maintain coverage.

Risk 40

Risk Liability Underwriter Underwriting 40