Allstate’s loss trends and the lessons for InsurTechs
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

Allstate’s loss trends and the lessons for InsurTechs

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala
February 08, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
al ceo main.jpg

Warren Buffett. Jack Byrne. Geico. In the 1970s, Geico was facing challenges from several fronts following a period of meaningful top-line growth. Loss cost inflation started to swell, impacting auto parts and medical care costs.

With runaway loss costs and macro inflationary forces at work (sound familiar?), the company’s pricing was inadequate, putting it on the brink of going under.

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

ResearchAllstateProgressivePersonal lines
AR
Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala
Contact
Gift this article