Buying Insurance

Carriers must be innovative when creating and personalizing services for the next generation of policyholders.

Younger generations prefer working with an advisor who is familiar with using AI as a financial planning tool, according to a new Northwestern Mutual study.

While many firms have embraced AI in claims and risk scoring, forward-thinking organizations are now turning their attention to policy intelligence.

AI is making insurance more intuitive, personalized, and accessible for today's diverse small business models.

The top five insurance companies have an average life insurance market share of 6.01% as of December 31, 2024.

The top five insurance companies have an average commercial auto market share of 6.4% as of December 31, 2024.

The McCarran-Ferguson Act was enacted in 1945 and regulates insurance at the state level to create a competitive market.

Several factors are contributing to rising insurance premiums for homeowners.

The integration of cell phones into daily life makes mobile engagement a top strategic priority for insurers.

The top five insurance companies have an average homeowners market share of 9.15% as of December 31, 2024.