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.
Homeowners can be skeptical of insurers' efforts to collect data, but are more receptive when insurers return the fruits of that data as actionable information.
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.