It is well known within auto insurance circles that there has been a significant rise in high speed auto accidents since Covid. This has led to a spike in auto fatalities. What hasn’t been explained well is why. There have been plenty of theories about fewer drivers on the road Continue Reading
Tesla Insurance Is A Bad Idea…For Tesla
Informed Christmas Story: Tis the season for making sure you have enough insurance coverage for your home, so I have some special holiday insurance news to share! I have written a sequel to last year’s Home Alone article (where I looked at how big an insurance claim would be caused Continue Reading
The Secular Decline of Auto Insurance
I find often people get so caught up in everything going on around them that it’s hard to step back and notice the big picture. The most obvious call to me to be made in the insurance sector is that auto insurance is entering a long term decline. In fact, Continue Reading
The Future of Personal Lines Distribution: An Update
Last year, I wrote about how the distribution of personal lines needed to evolve. It ended up being one of my post popular posts ever, largely due to a group of Allstate agents finding it and making it viral (to the extent something can go viral in insurance). The agents Continue Reading
Metromile: The Palm Pilot of Insuretech
Metromile, the pay by the mile auto insurance carrier, has been in the news of late with its announcement to go public through a SPAC. Metromile is one of the original insuretech carrier models having launched in 2011 and going full stack in 2016. Missed Opportunity However, being the first Continue Reading
Ian’s Brief #3: Year In Review
Yes, it’s the obligatory end of the year post! Frankly, you could just read the “Best Of” page instead, but if you want a somewhat longer version, here you go… I’ve grouped together the various themes that tended to repeat over the year and many of which you can expect Continue Reading
Will Root Cause a Disruptive Price War?
There are two types of disruption. The virtuous kind where a new innovation improves the industry and provides a better product to the consumer. Then, there is the disastrous disruption, where a new entrant starts a race to the bottom that benefits nobody. One recent example of the latter is Continue Reading
The Future of Personal Lines Distribution
I’ve written before about the perils of innovation in insurance. There is a flip side to that as well, which is if one of your competitors innovates, don’t dismiss their breakthrough and let them build up a big lead. You need to match their innovation immediately. Two recent market developments Continue Reading