Progressive
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Embedded insurance can help sidestep some of the challenges faced by InsurTech 1.0.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Results for May show that the carrier’s combined ratio rose above its 96% target after dipping in April.
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Forecasters have again predicted an active season for storm activity, with the Florida market particularly vulnerable to high cat activity.
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The personal auto writer’s partnership with the digital dealership should serve as a warning for other InsurTechs.
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Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends.
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Inside P&C’s news team runs you through the key developments from the week.
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The executive noted in her shareholder letter yesterday that loss costs on average were up almost 18% from the same quarter last year.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Progressive’s response has been to take underwriting and non-underwriting actions and work with regulators to take more rate.
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March’s CPI report shows elevated inflation levels, including vehicle CPI of 10.5% and average used car price increase of 24.7%.
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Insurance carriers tailor their comments to leave investors walking away with an optimistic view.
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