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.
Auto insurers were the earliest adopters of data analytics, but homeowner carriers are quickly catching up.
Recent years have seen a larger share of catastrophe-related homeowner losses, making preparedness a key tasks for insureds and carriers.
Non-weather-related water damage patterns vary by region, as do claims from theft.
Some trends are favorable for homeowners insurers, but not all.
In order to gain greater access to homeowners' data, insurers must offer insureds benefits such as loss mitigation.