The auto insurance industry is a $260 billion river of risk and reward. But not everything in the stream is gold. At VERVE, we don’t pan blindly. Instead, we mine with precision. While giants like Geico, State Farm, and Allstate…
A quick reflection after our launch: the VERVE Claims Team is fully operational, and I couldn’t be prouder. It’s been a whirlwind, and we’ve accomplished so much in such a short time. This is more than an operational move. It’s…
Many MGAs outsource claims. We just did the opposite. At VERVE, we’ve officially insourced our claims service, and it’s one of the most important strategic moves we’ve made to date. We’ve built an experienced team, each with 15+ years of…
At VERVE, we’re hitting similar milestones I’ve seen in previous ventures, and at earlier points in time in the company’s history, but with fewer people and greater efficiency. The difference? Technology and integration. In the past, scaling meant hiring more…
The MGA sector continues to be a powerhouse of innovation and expansion. A recent piece from Carrier Management highlights key trends shaping the future: • 𝗚𝗿𝗼𝘄𝘁𝗵 𝘄𝗶𝘁𝗵 𝗖𝗮𝘂𝘁𝗶𝗼𝗻 - While MGAs have seen strong momentum, increased competition and market saturation…
AI and Team VERVE - Let's Go! At VERVE, we’re leveraging the power of AI to redefine the future of auto insurance. As a leading technology-driven insurance provider, we recognize that data is not just an asset—it's a strategic powerhouse.…
Let’s talk about AI as "not-so-artificial intelligence." Before I explain, here’s how ChatGPT defines AI: 𝘈𝘳𝘵𝘪𝘧𝘪𝘤𝘪𝘢𝘭 𝘐𝘯𝘵𝘦𝘭𝘭𝘪𝘨𝘦𝘯𝘤𝘦 (𝘈𝘐) 𝘳𝘦𝘧𝘦𝘳𝘴 𝘵𝘰 𝘵𝘩𝘦 𝘴𝘪𝘮𝘶𝘭𝘢𝘵𝘪𝘰𝘯 𝘰𝘧 𝘩𝘶𝘮𝘢𝘯 𝘪𝘯𝘵𝘦𝘭𝘭𝘪𝘨𝘦𝘯𝘤𝘦 𝘪𝘯 𝘮𝘢𝘤𝘩𝘪𝘯𝘦𝘴 𝘵𝘩𝘢𝘵 𝘢𝘳𝘦 𝘱𝘳𝘰𝘨𝘳𝘢𝘮𝘮𝘦𝘥 𝘵𝘰 𝘵𝘩𝘪𝘯𝘬, 𝘭𝘦𝘢𝘳𝘯, 𝘢𝘯𝘥 𝘱𝘳𝘰𝘣𝘭𝘦𝘮-𝘴𝘰𝘭𝘷𝘦. 𝘈𝘐 𝘴𝘺𝘴𝘵𝘦𝘮𝘴 𝘤𝘢𝘯 𝘱𝘳𝘰𝘤𝘦𝘴𝘴 𝘢𝘯𝘥…
𝗜𝗻𝘀𝘂𝗿𝘁𝗲𝗰𝗵 is a “buzzword” that combines "insurance" and "technology" to describe the use of technology and innovative solutions to disrupt and improve the traditional insurance industry. Insurtech has the potential to transform our industry, but only if it drives tangible…
In today’s fast-paced world, where customer expectations are higher than ever, Team VERVE views an AI-powered chatbot for customer support as essential—not just a trend. To support VERVE’s continued customer growth, we’ve integrated Tidio’s AI-powered chatbot, Lyro. In a short…
Per a recent article in S&P Global, the auto insurance market's profitability is turning around: https://lnkd.in/e5N8bDan And VERVE is at the forefront of this transformation. COVID was a head fake for our industry. During the pandemic, we experienced a brief decline…
