Reinsurance helps auto insurers safeguard their bottom lines, but reinsurers have their own profits to think about, and right now, they are cautious. To stand out and secure the best

Auto insurance rates have been going up for a while, but rising rates can’t last forever. When competitors lower their rates, you will feel pressure to do the same. By

ChatGPT has changed everything. Although it’s not the only AI tool, it did kick off a generative AI explosion as various companies raced to leverage the technology. As a result,

Recent years have seen rapid development in insurance AI. What will 2025 bring? Below we’ve gathered some eye-opening statistics about AI adoption in insurance and beyond. Business Leaders See Risk

Insurance carriers depend on agencies and distribution partners for new business, but if an agency is associated with a high loss ratio, the relationship may sour. In some cases, insurers

Many insurers turn off certain driver class segments. While this practice was effective in the past, it may limit future growth. With machine learning, the risk selection paradigm has changed,

Some insurers think of red sports cars as claims waiting to happen. In some cases they turn off red sports car segments, as well as some other “risky” or “easy-to-steal”

Many insurers turn off certain ZIP codes or geographical territories. While this practice was effective in the past, it may limit future growth. With machine learning, the risk selection paradigm

Policyholders are being squeezed from all sides by personal insurance price increases. According to S&P Global, average U.S. private auto insurance rates increased by 20.6% between February 2023 and February 2024,

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 for reports for many prospects