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Now is an opportune time for carriers and reinsurers to be involved in auto insurance.

Auto insurance results have been poor, but serial rate increases have positioned insurers to offset the go-forward losses from a macro basis, even though more rate is still likely required for many of the players.

Large players like Progressive have returned to profitability.

VERVE is delivering on its promise to its Carriers and Reinsurers and is driving outsized capital returns for them compared to our competitors.

The auto insurance market is experiencing significant shifts due to technological advancements, changing consumer behavior, and regulatory developments.

Carriers and Reinsurers typically operate across various lines of business, including property, casualty, and specialty insurance.

Adding auto insurance to their portfolio can enhance diversification, reduce reliance on any single line of business and add a predictable short-tail line to their portfolio thereby improving overall resilience to market fluctuations.

Insurers and MGAs have access to vast amounts of data and advanced analytics capabilities. This enables them to assess risks more accurately, identify emerging trends, and develop innovative solutions to be profitable partners to their Carriers and Reinsurers.

Auto Insurance has a long-term outlook. It remains a fundamental component of the insurance industry. Carriers and Reinsurers should recognize the enduring demand for auto insurance coverage and view it as a strategic opportunity for long-term growth and profitability.

Overall, the convergence of these factors makes now a favorable time for Carriers and Reinsurers to invest in auto insurance, as they seek to capitalize on market trends, optimize risk management practices, and drive innovation in the industry.

So, if you’re interested in making outsized capitalized returns, check out VERVE!

Our scalable technology and distribution platform allows us to:

• Source and mine internal and external data sets from the auto insurance industry.
• Apply predictive analytics to that data.
• Use those analytics to find profitable niches within the $316 billion private passenger auto insurance market.
• Produce underwriting profits that outperform the industry.
• Provide outsized returns to our insurance and reinsurance partners.

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