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.
Some trends are favorable for homeowners insurers, but not all.
Younger homeowners have shown some surprising changes in frequency of shopping for homeowners insurance.
In order to gain greater access to homeowners' data, insurers must offer insureds benefits such as loss mitigation.
Auto insurers were the earliest adopters of data analytics, but homeowner carriers are quickly catching up.
New ways of gathering and processing data is allowing insurers to go beyond one-off decisions.