Like it or not, revenue and profitability in the auto segment are decelerating. It could be said that lower accident frequency, auto safety enhancements, and vehicle crash avoidance features are translating to fewer accidents. Insured risk continues to fluctuate, especially when one considers that driverless cars are on the horizon, along with other game-changing technologies.
With the auto segment slowing, now might be the time for carriers to rev-up the homeowners' insurance engine. Bolstering profits in this line of business, which has not been outpacing other segments, should be a top priority. With a few key modifications, insurers can see a difference in the bottomline.
Pedal to the Metal
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
