Most prudent insurance carriers today rely on vendors with seasoned professionals to complete thorough property inspections. However, how much do you really know about these vendors? Taking the time to understand the practices of your inspection vendors and any potential loopholes that they may be taking can help you mitigate your loss exposure. Do you […]
Month: December 2016
Why We Can Expect to See More Drone Technology Used By Insurance Companies in 2017
We’ve talked a lot about how technology is continuing to change the landscape for how property inspections are completed. In relation to this topic, one big change that we see coming down the pipeline is the use of drones in property inspections. While nothing quite compares to the human eye being able to physically see […]
How Accurate Risk Analysis Will Help Property and Casualty Insurers Combat Key Challenges
Many property and casualty insurers have had a tough year in 2016 as the industry as a whole experienced a double-digit operating income decline during the first half of the year. In fact, 44 insurers were taken into account in recent Fitch Ratings, and it was determined that their aggregate operating earnings had declined by […]
How Property Inspections Provide Transparency and Strengthen Relationships With Insureds
In today’s world, technology touches just about every aspect of our lives, and the property and casualty insurance industry is no exception. We’ve talked about how drones are being used in property inspections to fit where insurance adjusters can’t. And, for many customers, an insurance carrier’s website is often the first (and sometimes the only) […]