Marketing Data to Increase Top Line
In an insurance market, credit data and credit-based insurance scores are often used to underwrite personal lines insurance. Insurers are always looking for ways to make the most out of the data they buy. One well known phenomenon affecting personal lines…
[Read More...]Micro Business Commercial
At a recent conference, the following near-term goals were shared by a major carrier leading the charge to transform small business insurance at the point of quote. Generate renewals automatically with 3rd party data validation 85% of BOP submissions will not…
[Read More...]Impatience is a Virtue
Did you ever groan at your computer for taking more than 2 seconds to load a document, delete a voicemail that goes on for more than 20 seconds, or get annoyed when a text isn’t answered in 2 minutes? If so,…
[Read More...]The Slogan That’s Old Enough to Drive
Fifteen years and a lot has changed… or has it? In 2003 it took “15 minutes to save on car insurance.” We challenged this with our newest technology and share the results below. While that ad campaign has been running for…
[Read More...]The Long Game
Insurance plays the long game. This is an industry that plans for the hundred year storm, an event that statistically has a 1% chance of occurring in any given year. If the model is right, 99% of the time that event…
[Read More...]Mise en Plase
I read a terrific article by Caribou Honig, Chairman and Co-Founder of Insuretech Connect, where he referred to APIs as a “business strategy masquerading as a technology strategy.”[1] We at Fenris couldn’t agree more. Up until now, insurance was not a…
[Read More...]Leaving on a Jet Plane
The only thing that could make your first work trip with your CEO any more nerve-racking, is when she has to back out a week before, and leaves you to mingle with strangers in a city you don’t know. At the…
[Read More...]Making the Insurance Writing Process Simpler
We’ve been seeing a lot more companies take up the simplification dialogue. Fenris has a “50 to 5” mandate to create easy, fast, accurate quoting, and deploy that under our clients’ brand. The Chairman of Chubb has thrown down the gauntlet to…
[Read More...]Two Trends in the Quest to Grow the Book of Business
Trend 1: Insurance Good, Fast, and Cheap Back in the day, one insurer trained the entire driving public to spend no more than 15 minutes on finding and binding an auto insurance policy. This pushed all large carriers to create on-line…
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