As the Insurtech market popularity continues to grow among consumers, there is one group of insureds that are seemingly left behind. Business owners looking to insure their properties with the speed and ease of homeowners will be hard-pressed to find a source to do so. Providing commercial insurance on the standard digital Insurtech platforms is […]
Month: July 2019
Climate Change: Bank Or Bust?
Climate change, and its many perceived effects, is one of the most controversial topics in the modern world today. It is viewed as everything from an outright lie or over-exaggeration, to a clear and definite certainty. For insurance carriers in the property and casualty industry, mitigating risk is the most crucial factor in profitability. The […]
3 Prime Threats To Maintaining An Accurate Underwriting Process
The underwriting process is largely dependent on the information, support, and data received during the task itself. A weak link in any section of this integral foundation can introduce risk into the very process designed to evaluate and reduce risk in the first place. As an insurer, having a skilled underwriting team is a benefit […]
The Uphill Battle Of Private Flood Insurance
As the National Flood Insurance Program (NFIP) plunges ever deeper into debt even with the hope of reforms or bailouts on the horizon, the stagnation of the private flood insurance market remains somewhat of a mystery. The wide availability and usage of the NFIP brings with it a sense of trust, history, and competency that […]