The P&C Insurance industry is witnessing a revolution driven by changing customer needs and disruption led by new technologies. To keep up with the pace of the transformation in the P&C insurance industry, P&C insurers have now increased their investments in emerging technologies or insurtech capabilities. As per a recent Capgemini report “Top 10 Trends … Continue reading P&C INSURANCE: THE NEW APPROACH TO BUSINESS TRANSFORMATION
As per the ATTOM’s Q3 2018 U.S. Home Affordability Report, the home affordability index in the third quarter has reached the lowest in the last decade. The home price index in the third quarter was at 92, down from 95 from the previous quarter and 102 in the third quarter of last year. This is at the lowest level when the home … Continue reading Declining volumes, housing affordability at 10-year low – some interesting statistics: can title agents maintain their bottom line?
The Property & Casualty (P&C) insurance industry is facing a variety of pressures in the current environment of relatively lower interest rates, regulatory and technology advances, and customer-related demands. In addition, slower premium growth rates and a rising combined ratio has been putting a greater pressure on industry profitability. Therefore, insurers are exploring optimal cost … Continue reading P&C Insurance Carriers: Rethinking Business Strategy to Stay Ahead
The year 2018 has seen a greater excitement around technological disruptions in the Title Insurance industry - blockchain, completely digital e-closing, smart contracts, and much more. FinTech's have found title insurance to be a new & fertile market for their innovations to be applied in. The ever-volatile mortgage industry is forcing Title agents/ agencies to cater to the demands of their lender clients to … Continue reading The Buzz around Technology for Title Insurance – Learn more at #ALTA18
With identified global exposure to actual or attempted losses increasing by 136% between December 2016 and May 2018, and with a median loss of $180,000 in the real estate industry, there is a reason for all real estate players, including title agents, to be concerned about falling victim to some kind of fraud. A common scam or wire fraud frequently involves hackers who fraudulently impersonate the title … Continue reading Title Agents: Is Phishing & Social Engineering Fraud affecting you?
The U.S. Property & Casualty insurance industry transformation is putting existing insurance models at risk. The changing dynamism has left insurers grappling with new challenges in the form of changing customer behavior and expectations, intensified competition, and digital disruption. In addition, soaring losses from rising claims are negatively impacting the bottom-line. So what are Insurers doing? What we see are boardroom discussions echoing almost similar strategic initiatives aimed at meeting the following goals: Expense Ratio … Continue reading Business Transformation in the Property & Casualty Insurance industry: A Low tech Low-cost alternative?
Despite the positivity in the economy overall, and the strong job market and low unemployment numbers, the housing industry in the United States has been seeing some slowdown and headwinds lately. This may seem surprising because the overall economy seems strong, but if we dig deeper, we can identify some reasons for the slowdown in the housing market, and 3 simple … Continue reading Margin Pressure As Housing Affordability Reaches All-time Low. 3 Unique Cost-cutting Methods Lenders Can Focus On.