Evolution of Homeowners Underwriting

By Steve Lekas January 14, 2015

At the start of a new year, we review the past and speculate about the future. As you consider how homeowners insurance may change in the coming years, we thought it would be fun to share a look back at how homeowners underwriting has evolved since the advent of the first U.S. insurance policy in the 1730s.

It’s interesting to note in the infographic below that some of the same drivers of insurance evolution — catastrophes, government regulation, and data — have been affecting the industry for more than 200 years.

For a more detailed look at the evolution of data and analytics in homeowners insurance underwriting, see our Visualize article Evolution of homeowners data and analytics.

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Steve Lekas

Steve Lekas, vice president, Property Product Management, Verisk Insurance Solutions, is responsible for product development and management strategies for property lines as well as leading the development and launch of innovative property products. Before joining Verisk, he was director of homeowners Product Management and Actuarial at Esurance (an Allstate company).