Commercial Lines

Hurricanes used to lose most of their power before making it as far inland as western North Carolina. But Helene wreaked havoc there. Future hurricanes may, too. 

Solar power carries risks from fire, natural hazards, and theft and vandalism. It also creates potential liabilities, including from overloaded roofs.

Historical data offers outdated information. Real-time data keeps you informed of changes to a policyholder’s risk profile, letting you adjust premiums. 

Emerging trends in cyber, flood, and excess and surplus lines insurance highlight the changing risk landscape for small businesses.

Parametric reinsurance offers a new approach to managing the increasing threat of secondary perils, providing much-needed financial protection for insurers.

AI can improve loss ratios while benefiting growers, who can enjoy better risk management, more targeted interventions, and optimal use of resources.

By managing property valuations, business owners can avoid unexpected premium increases while adequately safeguarding their essential assets.

While the general outlook for the industry is positive, there are still lots of challenges to tackle, including soaring repair costs and a lack of mechanics.