Insurers need to aggressively pursue the small commercial segment of the industry. It’s a unique opportunity with specific challenges in communicating to the customer.
Insurance agents crave simplicity. Humans are naturally drawn to simplicity. Our brains are hardwired for it.
After accuracy of quotes, the agents in Verisk's agents survey indicated that speed to quote is the most critical factor in considering which insurer to work with.
Verisk surveyed independent insurance agents who work in the small commercial market to gain insight into their thought and decision-making processes when dealing with…
Commercial auto underwriting losses are growing 16.2 percent annually. But some insurers are thriving—and making handsome profits. Here’s what they’re doing differently.
One might assume that, when dealing with insurers, agents are motivated primarily by commissions. However, according to a recent Verisk agent survey, that's not true at…
Verisk’s report provides an analysis of the causes, scope, and remedies for the problems plaguing many insurers in the commercial auto market.
$1.3 billion. According to a Verisk analysis of commercial portfolios, that’s the estimated amount of commercial property premium leakage occurring in just one year.
Every insurer’s BOP customer needs to understand that cybersecurity and the insurance protection designed to shield small businesses from cyber attacks have become…
Winning coaches know what it takes get their team to the Super Bowl. Small business insurers can reach the top of their game by following a similar playbook.
Claim avoidance is high on the list of priorities for any commercial vehicle insurer. This article offers tips to share on measures that commercial truck drivers can take…
We're looking at a huge, underpenetrated market for small business insurers, and the small business landscape is growing and dynamic.
According to CB Insights, as of August 2016, nearly 33 companies—both start-ups and household names—are devoting resources to developing self-driving vehicles.
CAS technologies show potential for significant safety benefits for commercial vehicle drivers, but refinements may be in order to address issues with false…
Underwriters today have a thirst for reliable data but often face daunting research challenges to find it.