6 Property Risk & Insurance Trends

According to NOAA, in 2017, the US saw 16 weather events with losses exceeding $1 billion and a cumulative cost greater than $300 billion. This put a stop to the five-year trend of falling prices and a softening market. Premiums are expected to rise for most, and more in disaster prone or impacted areas. Overall, a build up of surplus may keep this more stable than one would expect.

Spotlight

Vermont Mutual Insurance Group

Chartered in 1828, the Vermont Mutual Insurance Company is one of the 10 oldest mutual property/casualty insurers in the United States. They have operated continuously since that time in Montpelier, VT. Along with the wholly owned subsidiary, Northern Security Insurance Company, Inc. and the affiliated Granite Mutual Insurance Company, the Vermont Mutual Insurance Group provides coverage throughout New England and New York. Through more than 400 independent agencies, the Group insures more than 300,000 policyholders with a direct written premium of approximately $465,000,000. The Vermont Mutual Insurance Company is rated “A+” by A. M. Best and has been named to the Ward’s Top 50 performing property/casualty companies in the United States for the past nine consecutive years.

Other Infographics
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10 Disruptive Trends That Are Impacting The Insurance Industry

Infographic | February 3, 2020

10 Disruptive Trends That Are Impacting The Insurance Industry: As we move into a new decade, several risk trends are starting to emerge that could potentially disrupt the insurance industry.

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WHY CUSTOMER EXPERIENCE MATTERS FOR INSURANCE COMPANIES

Infographic | February 25, 2020

Customer experience (CX) has risen to a new level of importance in the insurance industry. Sure, customers still value price — but it’s not the only consideration. They also want a brand that builds trust and shows they care about their customers. In fact, a recent study by Accenture found that 46% of insurance respondents are "Quality Seekers.” These customers value superior service, automated transactions and personalization.

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Professional Indemnity Insurance Explained

Infographic | December 17, 2019

All too often, the same question is asked. What is Professional Indemnity Insurance? Given how many professionals work in Australia, it’s benefits should be more well known. In this infographic, professional Indemnity Insurance is explained simply and easily so you can get the most out of your business insurance.

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5 Challenges in AI implementation for Insurers

Infographic | January 16, 2020

AI can improve productivity and help in decision making through training datasets. According to the survey of the Dataconomy, nearly 81% of 225 data scientists found the process of AI training more difficult than expected even with the data they had. Around 76% were struggling to label and interpret the training data.

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Insurance Marketing Statistics, You Should Know to Begin!

Infographic | June 7, 2022

These statistics reveal how other insurance marketers are approaching the prospect of a successful business sphere. Consumers’ Journey Begins With an Online Search: 69% of insurance customers conduct research before making an appointment with a business, Over 50% of insurance customers conduct their research on mobile devices and 68% of consumers remain ignorant of businesses based on their requirements. This lets insurers convert such indecisive customers through relevant marketing campaigns

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7 Warnings About Guaranteed Issue Life Insurance

Infographic | February 28, 2020

Think of this as your overview to GI. Guaranteed issue policies are unique, so you will want to have a clear understanding of what you are buying. There are 7 important warnings you need to know about guaranteed issue life insurance.

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Spotlight

Vermont Mutual Insurance Group

Chartered in 1828, the Vermont Mutual Insurance Company is one of the 10 oldest mutual property/casualty insurers in the United States. They have operated continuously since that time in Montpelier, VT. Along with the wholly owned subsidiary, Northern Security Insurance Company, Inc. and the affiliated Granite Mutual Insurance Company, the Vermont Mutual Insurance Group provides coverage throughout New England and New York. Through more than 400 independent agencies, the Group insures more than 300,000 policyholders with a direct written premium of approximately $465,000,000. The Vermont Mutual Insurance Company is rated “A+” by A. M. Best and has been named to the Ward’s Top 50 performing property/casualty companies in the United States for the past nine consecutive years.

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