Market Insights

According to LexisNexis, drivers age 66+ had the highest rates of new auto policy growth in Q1 2023.

Studies show that VR therapy can help rewire the brain to reduce reliance on prescription painkillers and ease injury-related fears.

Underwriting has also tightened, particularly for properties on the coast or in areas prone to natural catastrophes.

Ames & Gough reported 70% of the surveyed insurers had a claim payout of more than $50M in the past two years.

Supply chain woes, worker shortages, already high premiums for electric vehicles and a growing incidence of unsafe driving are all exerting pressure on the industry to raise premiums.

One of the most powerful tools insurance carriers have to fight fraud is to rescind a policy based on a material misrepresentation in the application.