A NEW REPORT SHEDS LIGHT ON INCREASING AUTO LOSS COSTS

MARIA SASSIAN | February 9, 2018

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In response, the Casualty Actuarial Society, the Society of Actuaries and the Property Casualty Insurers Association of America joined forces to analyze these trends.  The product is a paper containing some of the findings around collision frequency. Further analysis is being conducted on frequency trends for other coverages and for severity.

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Insurance House Group

We're proud to be an Australian owned business that supports our clients with insurance solutions and support they need, when they need it. We offer buy online products for over 200 health professional modalities in addition to 50 professional industries including mortgage brokers and accountants. In addition to online solutions we have over 120 brokers and insurance consultants located across 11 offices throughout VIC, NSW and QLD. Focused on building genuine relationships with their clients and becoming long term trusted advisers. We're about making insurance simple and easy for our clients with a full suite of insurance products, risk management and claims services available.

OTHER ARTICLES

Will Digital Overload Turn Consumers Away From Insurtech Products?

Article | February 14, 2020

Despite consumers never having had so much choice of technology, media and telecommunications (TMT) products and services, many UK households are becoming overwhelmed by the prospect of switching provider, which is leading to apathy among consumers. This kind of weariness with online tech could well hamper new insurtech start-ups, looking to win over new customers who are already browsing their fave websites and apps.

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Can AI Solve Health Insurance Fraud?

Article | February 14, 2020

Insurance fraud scams seem to make the news at least every month, as organized criminals seek to exploit the way insurers reimburse clinics, pharmacies and other providers for their services. What’s often shocking is how much money fraudsters can steal from insurers before they’re caught. Recently, in a single month, two separate alleged fraud rings based in California were busted for scams that investigators say netted $20 million or more.

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The economy is slowing down: what does it mean for insurance companies?

Article | February 14, 2020

Since 2010, as countries waded out of the recession of 2008, they enjoyed economic growth. Coupled with technological innovation, the global economy really got a boost. But, mirroring Nature’s cycles, it seems it is now time to hit a plateau and slow down. In this article, we explore why the slowdown could be happening and more importantly, what it means for us in the insurance industry.

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Will COVID-19 Disrupt Insurtech?

Article | February 14, 2020

If there is one thing that we have all learned with the spread of COVID-19, it is that there is virtually no industry that is immune to its impact. The global pandemic is disrupting the daily lives of individuals, the operations of businesses, the activities of governments and even the approach of cherished institutions like museums, universities and religious organizations. The P&C insurance industry, like many others, is reeling from the implications of the virus. Amid the rapid changes, it is important to assess the impact of COVID-19 on the insurtech movement. After all, insurtech has always been touted as the ultimate disruptor of the insurance industry. But, might COVID-19 prove to be a disruptor to insurtech?

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Spotlight

Insurance House Group

We're proud to be an Australian owned business that supports our clients with insurance solutions and support they need, when they need it. We offer buy online products for over 200 health professional modalities in addition to 50 professional industries including mortgage brokers and accountants. In addition to online solutions we have over 120 brokers and insurance consultants located across 11 offices throughout VIC, NSW and QLD. Focused on building genuine relationships with their clients and becoming long term trusted advisers. We're about making insurance simple and easy for our clients with a full suite of insurance products, risk management and claims services available.

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