P&C Insurance Carriers: Rethinking Business Strategy to Stay Ahead

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

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The Buzz around Technology for Title Insurance – Learn more at #ALTA18

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

Title Agents: Is Phishing & Social Engineering Fraud affecting you?

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?

Business Transformation in the Property & Casualty Insurance industry: A Low tech Low-cost alternative?

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?

Margin Pressure As Housing Affordability Reaches All-time Low. 3 Unique Cost-cutting Methods Lenders Can Focus On.

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.

Third Party Debt Collection Makes More Sense for Credit Card Delinquencies

Card issuing seems to no longer be a profitable business for both bank and non-bank issuers. The current payment landscape offers customers an increasing number of alternative payment mechanisms, and the card industry seems to be taking a hit. In addition, compressed fees and margins, and rising reward expenses have been affecting the profitability of … Continue reading Third Party Debt Collection Makes More Sense for Credit Card Delinquencies

With Home Ownership Rates Increasing Among Millennials, Title Agents Need to Embrace “SPEED & EASE”

According to the 2018 Home Buyer and Seller Generational Trends study from the National Association of Realtors, millennials made most of all the home purchases in 2018, with a strong 36% market share, a 2% rise from 2017. And with millennials expected to net higher household income, this trend is likely to continue or get … Continue reading With Home Ownership Rates Increasing Among Millennials, Title Agents Need to Embrace “SPEED & EASE”