New Normal
How non-rate actions are easing personal auto profitability pressures
Verisk has seen a marked increase in insurers seeking strategic sourcing of non-rate actions to confront premium leakage in 2023.
Non-rate actions: Dial in profit during a hard personal auto market
Non-rate actions that don’t require a rate filing are one of the fastest ways to help with insurers’ profitability during a hard market.
Keeping up with home improvements—and insurance to value
Knowing when a property has been updated is critical, as these changes can add new liability risks and insurance-to-value considerations.
Economic shifts shape the unfolding journey for homeowners insurers
Supply-chain issues, labor shortages, and high demand for building resources are complicating factors as homeowners insurers head into 2022.
2021 personal auto growth and profitability: Unprecedented in new ways
Personal auto insurers had a year without precedent in 2020, and 2021 may break more new ground, but in very different ways.
Accelerating competitiveness with a digital auto insurance ecosystem
How can auto insurance leaders adapt and stay competitive amid evolving pandemic-related trends? The key may be a digital ecosystem.
Unpacking the 2021 new normal for personal auto mileage
Personal auto mileage has fluctuated widely through the pandemic and the emerging new normal. It may be time for insurers to leverage analytics to avoid premium leakage.
Current cost estimates key to manage lumber’s ‘demand surge’
Property insurance underwriters relying on up-to-date cost data to cope with higher reconstruction estimates amid lumber's price volatility.
The big build: How a rise in renovations may affect property insurance
People spending more time at home seemed to ultimately help many insurers, as loss frequency declined in 2020 year over year across several categories.
The COVID-19 journey for homeowners insurers: Building on lessons learned and new-normal strategies
Economic turmoil, lifestyle changes, and transitions to remote work amid the COVID-19 pandemic created a “new normal” for personal property insurance.
Awaiting a verdict: The evidence so far on personal auto’s new normal
Verisk continues to watch personal auto insurance trends resulting from the COVID-19 pandemic and provide likely scenarios and guidance for the new normal.
9 likely new-normal scenarios for personal auto insurance
As personal auto insurers navigate the coronavirus recession and recovery, complex social and economic trends appear set to shape the industry’s “new normal.”
Capturing mileage across a shifting auto insurance landscape
One statistic profoundly affected by COVID-19 lockdowns has been miles driven, and so capturing mileage more precisely may become critical for auto insurers.
Residential construction activity: An important indicator points the way for new business growth
The COVID-19 pandemic has slowed new residential construction, and property/casualty insurers are likely to see a similar trend in new business submissions.
Great Recession Infographic—déjà vu for personal auto insurers?
The COVID-19 pandemic is bringing a “new normal” to personal auto insurance, with similarities and contrasts to the Great Recession.