Resource Center

In addition to selling them the insurance policies they need, one way you can make your clients’ lives easier is by helping them to reduce their claims. Giving them tools to help mitigate risk can go a long way in this area, making it easier for you to retain clients and grow your business. Ideas to consider include:

• Automation of incident reporting and trend analysis
• Training to prevent future incidents
• Providing strategic guidance as you monitor problem areas

Download this checklist now for a comprehensive way to keep track of all the areas you can help protect your clients from risk, ranging from P&C risks to employment law risks.

Act now to prove your value and ensure clients can manage their insurance costs, have greater visibility into their own trends, and stay on top of regulatory requirements!

During this volatile time in commercial insurance, amidst increasingly diverse business types and advancing automation, it can be difficult to know what steps to take to compete. Protecting profitability, while attracting and retaining the right customers is key. To do this, you must understand how to address risk assessment challenges in the present marketplace and turn them into opportunities.

Download this white paper now to discover four steps that will help you leverage more effective risk rating models that help improve your ability to assess risk and other important benefits such as:

• The ability to price with precision and avoid adverse selection
• Higher conversion and retention rates for low-risk customers
• Increased straight-through processing
• An improved customer experience

Act now to learn how leveraging the power of better predictive tools can improve your underwriting process and set your organization up for success in the future.

As the insurance industry continues to undergo massive change, traditional product lines are being abandoned, the boundaries between others are blurring, and new players are emerging to disrupt the market. To succeed, you must know how to innovate, not imitate. Find out what steps you can take to be proactive, agile and pragmatic, and flourish in an unpredictable environment.

Access this interactive white paper now to get insight from marketplace leaders as they answer questions about:

• The top risks facing insurers now and how they can be mitigated
• Concerns about the insurance claims process you need to be sure to address
• The greatest opportunities for insurance carriers in the next 3-5 years

Tap into the minds of industry visionaries and ensure your organization is prepared to seize the day and make the most of exciting opportunities.

The headlines don’t seem to stop: Community after community in the U.S. is experiencing record flooding. While this has led to an increase in privately written flood insurance, shortcomings in the FEMA dataset make it difficult for insurers to properly assess true risk. You need a better way to map out the risk in certain areas so you can calibrate your loss history and write smart policies.

Download this white paper now to get insights on how to overcome incomplete/inconsistent data and supplement existing FEMA flood maps. New tools can help you simplify the process of underwriting flood policies and improve assessment of potential risks in any area of the lower 48 states through:

• Probabilistic risk assessment at 10-meter resolution across the U.S.
• River & coastal flood risks in one simple dashboard
• A comprehensive grid that represents flood frequency and intensity and gives you easy-to-use risk scores on a 1-10 scale

Many anticipate that the number of floods will only increase in the immediate future. Now is the time to embrace new methods to help properly assess and manage risk.

The competitive market has everyone in the industry looking over their shoulder. There is a constant worry clients could up and replace you without notice and a trend toward pricing wars that reduces bottom lines. One solution is showing clients how to save in new and creative ways, such as through workplace safety. By offering advice outside of the policies you sell, you can help them reduce administrative costs and show your value beyond what clients expect.

Download this white paper now for insights on how you can stimulate sales despite higher competition and the downward trend of prices. Your clients will begin to see you as irreplaceable when you:

• Better capitalize on opportunities in the changing marketplace
• Give them an understanding of how safety can help their bottom line
• Offer tools that encourage clients to make safety a priority

Clients need to see your true value. Act now to stand out and show them why your relationship is more valuable than just the price they pay for policies.

Even as the insurance industry continues to grow, many feel that saturation has led to agencies and brokers playing a zero-sum game. Taking on new customers can be both difficult and costly – often more expensive that retaining an existing customer. Additionally, the oversaturated market means customer loyalty is low, so you must have ways to differentiate yourself and show value.

Download this white paper to get a better understanding of what differentiators you can take advantage of, including:

• Unique selling propositions
• Value-add products that competitors don’t sell
• Proven, turnkey products and services

In this age of saturation, you can still grow your client base through effective differentiation. Act now to gain a head start on your competition!

While standard policies for P&C, life, and health are likely your bread-and-butter, smart agents are always watching for new opportunities to grow their business. One such option to start paying attention to could be the thriving E&S market (where premiums have grown 67% in the last 7 years).

Download this white paper now to understand why selling more E&S could be good for your business. You will learn:

• What questions to ask clients to see if they need E&S coverage
• How E&S can help future-proof your business
• What to look for in an E&S partner

The E&S market continues to trend upward, and that  is not going to change anytime soon. Take steps now to capitalize on this blossoming market and stay ahead of your peers!

Are there clear gaps within your current processes and capabilities that could be turned into actionable opportunities? One of the most difficult things for insurers is often keeping up with multiple priorities, changing customer demands, and  the dynamic nature of the competitive marketplace.

Access this self assessment now to receive an objective view of your business which will help you determine where to start. You will see how you compare with peers and learn to effectively navigate industry changes by examining:

• Your use of automation
• What data assets you currently use
• How you should incorporate predictive modeling
• And more…

Get tangible insights that will help you feel confident in the path you’re on or help you reevaluate your direction to chart a better course for the future. 

Maintaining profitability in today’s competitive commercial insurance marketplace is essential. However, with so many areas where it’s necessary to make progress, it can be difficult to figure out where to start:

• Should you capitalize on new direct and digital capabilities?
• What about the resources needed to manage legacy technology migrations?
• Or the ever-present call to deliver a more compelling customer experience?

To help you understand how to deal with these pressures, LexisNexis® Risk Solutions commissioned a survey of more than 400 commercial insurance professionals in the U.S., asking for their perspectives on five key factors, including the potential impact of future trends.

Download this report now to discover five insights gleaned from the survey responses and how you can leverage this information to decide what your organization’s steps must be. The insights focus on:

• The current automation lag
• Inconsistent use of valued data assets
• The use of predictive modeling Improving the customer experience
• How to act on market trends

Identify the gaps that create the best opportunities for your organization and use this information to capitalize on them and gain a competitive advantage!