Earlier this September, Ian Hughes, CEO of Client Intelligence, was invited to talk on the Verisk Insurance coverage Convention, the place business leaders gathered to discover the way forward for insurance coverage. In preparation for this prestigious occasion, we carried out unique analysis to uncover the widening hole between how shoppers and insurers understand danger—a niche that has severe implications for the way forward for the house insurance coverage market.Â
Our newest report, Reframing Danger: The Rising Client Perspective in Dwelling Insurance coverage, presents the important thing findings from this analysis. The outcomes reveal that customers are much more involved about rising dangers like rising dwelling prices, cyber threats, and the impression of worldwide occasions than insurers have a tendency to deal with of their present choices. For instance, practically half of shoppers (44.55%) ranked rising prices as their primary concern, whereas 48.6% worry monetary loss from cyber-attacks—but many insurers stay centered on conventional dangers like hearth, theft, and pure disasters.Â
If insurers fail to align their merchandise with these evolving shopper issues, they danger shedding relevance in an more and more aggressive market. Through the Verisk occasion, Ian emphasised the significance of bridging this hole and shared our key suggestions on how insurers can innovate to fulfill fashionable challenges head-on.Â
Insights that can enable you to remain forwardÂ
For extra insights into these findings and to find how insurers can shut the hole, obtain the complete report at the moment.Â
Remark . . .
