2018 Lookback – Personal Auto

What makes an insurance year profitable?

Early reports are showing a strong performance for Personal Lines Auto in 2018.

From pricing to technology to claim settlement, there were a number of strong wins for the industry as well as some trends that threaten the gold standard of insurance measurement – the infamous combined ratio.

In this episode of the Insurance Nerdery, Amber takes a look back at Personal Auto to uncover what made 2018 profitable and what could derail its profitability in 2019.

Also included is an easy 3-step plan to profitability, guaranteed to work for every organization!*

*not actually easy, 3 steps, or guaranteed

What Are You Wearing?

 

Dress for success.  Fake it ’til you make it.  Look the part. 

If you dress more professionally you’ll be more trustworthy.

These are some quotes that we’ve probably all heard, either when we first joined the industry or when we made a transition in our career.

Well…maybe the last one was a tweet I received offering some advice. 

I’d link to the tweet, but it was deleted by the author after they received some advice about their advice from the Twitterverse.

When it comes to telling our stories using digital content, is looking “professional” the most important thing?  Or would we better served if “authentic” is seen as the most important. 

I can tell you it’s a topic that InsNerds has taken up a time or two.

In this episode of The Insurance Nerdery, we jump into the difference between professional and authentic.

How Will We Get to the Self-Driving Future?

 

And what should the insurance industry be doing to prepare?

The Highway Loss Data Institute estimates that it could take upwards of 30 years for full adoption of safety technology in the automotive industry.

As safety features advance, the direct human influence on the moving vehicle will shrink. Each year we will see a shifting ratio of human-driven and autonomous vehicles on the road together.

In this episode of The Insurance Nerdery, Amber explores this overlap between human drivers and autonomous vehicles.

Why’s a Claims Guy on Camera?



I know I’ve heard this question at least a few times. 

If we haven’t met before, you’re probably thinking the same thing.

I’m so glad you’re here by the way!

In this latest episode of The Insurance Nerdery, I tell you why I think this question is a problem.  The question I’d like asked is, “Why don’t we see more [insert Insurance Industry role here] telling their stories?”

Telling our unique stories, using whatever platform is most comfortable for us, is the best way to give our perspective of the industry we love.

And maybe, just maybe, people outside of our industry will begin to feel the love as well.

Now if you want to start telling your story, maybe submitting an article to the InsNerds Team is your first step

What Exactly is a Nerdery?

So glad you asked! The best way to describe it is to take our Delorean back to 1901 when Julia Davis Chandler published a little something about peanut butter and jelly.  Better yet, let’s dial the Flux Capacitor to 1927 when H.B. Reese balled up some peanut butter and dipped it into chocolate. via GIPHY Oh wait, … Read more