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.
Non-weather-related water damage patterns vary by region, as do claims from theft.
Auto insurers were the earliest adopters of data analytics, but homeowner carriers are quickly catching up.
Some trends are favorable for homeowners insurers, but not all.
Recent years have seen a larger share of catastrophe-related homeowner losses, making preparedness a key tasks for insureds and carriers.
New ways of gathering and processing data is allowing insurers to go beyond one-off decisions.