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

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.

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

Preference vs Efficiency

It’s a general fact that insurance is far behind the times as far as technology goes. Many companies are working on updating their systems (though some aren’t) and with that comes a lot of headaches. A rather overlooked headache is that, while transitioning, there are often multiple ways of doing one operation. Employees will often … Read more