Benchmarking Discussion: How Current and Emerging Auto Insurance Trends Will Affect Carrier Results
Retention spiked during the pandemic as regulators and insurers imposed moratoriums on cancellations and payments.
Rate increases, car shortages, economic concerns and more are keeping a lid on the number of policies in force.
Medical, labor, parts shortages and other rising costs are combining to drive claims costs upward.
Analyze trends to help navigate emerging challenges.
Claims frequencies have fallen at double-digit rates in many areas, but claims volume has not dropped as significantly.
