The arrival of summer has many of us thinking about days of leisure and vacations to the beach. However, insurance carriers have something else on their minds this time of year: the arrival of hurricane season. The Atlantic hurricane season begins June 1st and runs all the way through November 30th. Last year we experienced […]
Month: May 2018
Can Voice-Activated Devices Help Mitigate Insurance Risk?
It’s hard to ignore the growing demand for voice-controlled consumer devices such as Amazon’s Alexa and Apple’s Siri. Today’s consumers crave convenience, and voice technology allows them to perform searches online using their voices instead of needing to use a keyboard. Currently, approximately 20 percent of online searches are performed using voice technology, and it’s […]
Use a Property Inspection to Increase Customer Retention
Today’s insurance carriers are facing an increasingly competitive marketplace. Consumers have so many options to choose from, which leaves them impartial to one particular company. While the increased competition is good news for policyholders, insurance carriers struggle with retaining their customers. As most businesses know, it’s more cost-effective to retain existing customers than to acquire […]
How AI and Data are Transforming the Property and Casualty Insurance Industry
The insurance industry has been notorious for being late to the game with adopting technology. However, given the growing number of InsurTech companies entering the marketplace, traditional property and casualty insurance carriers must embrace technology and data to be able to compete. Aside from making an in-person commercial inspection part of the underwriting process, insurance […]