Agents need carriers and carriers need agents. It’s a symbiotic relationship that puts insurance into the hands of the businesses that need it. However, the hard market is putting a strain on relationships across the insurance distribution system
This year’s conference focused on generative artificial intelligence (AI) and the industry’s accelerated acceptance of AI to extract data to deliver better outcomes in underwriting, claims, service and sales.
The latest driving behavior survey from Nationwide revealed that both personal auto and commercial drivers partake in risky behaviors that impact all drivers on the road.
Central to building a long-lasting relationship with personal auto clients is communicating what is happening in the marketplace and discussing what’s coming down the pike.
The right data can be used to properly maintain vehicles while also helping clients control the cost of repairs—a major factor in keeping rising insurance premiums in check.
The use of technology continues to revolutionize most industries, with improvements in artificial intelligence (AI) having a direct impact on the trucking industry.
Carriers and agents are playing a key role in the increased use of technology to manage workplace safety risks.
As economic anxiety increases and the hard market pushes insurance premiums higher, 51% of consumers said they are looking for ways to save money on their existing insurance policies.
As 40% of consumers saw their rates increase, carrier ad spending has decreased and telematics adoption has stabilized after an initial surge, according to a J.D. Power report.
The study by J.D. Power shows that the increase in auto premiums is dragging down the overall satisfaction of policyholders and hurting retention rates of bundles.
