Authors of the 2019 LexisNexis Home Trends Report examine trends by peril and developments in underwriting, claims, expense management, technology and other factors important to homeowners writers.
New types of data, including aerial photography and activity data, are giving insurers a more complete view of risk.
Younger homeowners have shown some surprising changes in frequency of shopping for homeowners insurance.
Sensors and the data they provide will allow insurers to expand their coverage of less-occupied structures, and spark ideas for new coverage and loss mitigation opportunities.
New ways of gathering and processing data is allowing insurers to go beyond one-off decisions.
Recent years have seen a larger share of catastrophe-related homeowner losses, making preparedness a key tasks for insureds and carriers.