Thanks to advancements in inspection technology, insurance carriers have more access to data than ever before. However, with the Internet of Things (IoT) making this wealth of data possible and so many sources to choose from, it can be overwhelming for insurance carriers to know how to put the data to good use. The Insurance […]
Month: June 2018
Florida Officials are Making Changes to Prepare for the 2018 Hurricane Season
The 2018 Atlantic hurricane season officially began on Friday, June 1. Considering that 2017 was one of the costliest years on record for hurricane damage, most people are hoping that Mother Nature will offer a calmer 2018 hurricane season. However, based on the forecasts, experts are anticipating that 2018 will be another active year for […]
Are We at the End of the InsurTech Cycle?
With a desire to maximize efficiency, squeeze out savings, and provide convenience to insureds, a number of InsurTech companies have been making their way into the market. The influx of InsurTech companies in the property and casualty space started about five years ago, and some of the more popular InsurTech startups include Trov, Goji, and […]
Homeowner Maintenance Tips to Cover in a Residential Inspection
The property and casualty insurance marketplace has become incredibly competitive, and some carriers are choosing to use less stringent underwriting practices to win new business. However, a smarter approach to gain a competitive edge and build a loyal customer base is to take the time to educate insureds about how to maintain and protect their […]