Strategies to Retain Personal Auto Clients in a Hard Market
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.
Technology and Tools
How AI Can Help Keep Vehicle Repair Costs in Check
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 Drive Toward AI in the Commercial Auto Insurance Market
The use of technology continues to revolutionize most industries, with improvements in artificial intelligence (AI) having a direct impact on the trucking industry.
3 New-Age Options to Prevent Workplace Injuries
Carriers and agents are playing a key role in the increased use of technology to manage workplace safety risks.
Consumers Cut Coverage as Economic Anxiety Grows
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.
Auto Shopping and Switching at 2-Year High
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.
Rising Auto Insurance Premiums Affect Bundle Satisfaction
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.
Travelers Expands Telematics Offerings with IntelliDrivePlus™
IntelliDrivePlus builds on the coverage provided by IntelliDrive® offering customers more options to personalize their insurance.
Inflation Outpacing Auto and Homeowners Premiums, Says APCIA Report
U.S. insurers are failing to raise premiums fast enough to keep up with historic rates of inflation, according to the American Property Casualty Insurance Association (APCIA).
How Telematics Can Mitigate Personal Auto Hard Market Pricing
Understand the basics of telematics, how to address privacy concerns and how this powerful tool can help clients manage policy rate increases.
