The critical factor in determining a prospect’s retention potential is by engaging highly predictive, insurance-specific intelligence at the point of prospecting.
The insurer embeds new technologies, such as AI and IoT, into its organization on an ad-hoc basis, rather than developing products separately in a lab and force-fitting them.
Principal Consultant, Telematics
CCC Information Services
By evaluating and measuring opportunity cost and leveraging other progressive metrics such as policyholder engagement, insurers struggling to grow their UBI programs should be able to get the continued support they need from executives to see their programs through to success.
Non-payment of certain subsidies, less enforcement of a rule requiring insurance and limited competition caused insurers to raise their premiums by about 34%.
It’s no surprise that most insurers want to continuously refine their back- and front-office operations in order to streamline the auto liability claims experience.
