Americans are seeking to change their insurance coverage more frequently than in the past, after a surge in premiums that’s squeezed household budgets, a new industry report shows. For car insurance, so-called policy shopping rates — essentially the share of …
Financial crime compliance costs for the U.S. and Canada are at nearly $50 billion in 2021, a rise of almost 20% from the year before, according to a new LexisNexis study. Labor costs, more regulations and evolving crime threats are …
The U.S. auto insurance market experienced market disruption due to pandemic-related shopping volatility, an uptick in dangerous driving, policy renewal delays and fewer claims. But by the end of 2020, shopping volumes closed 5.3% higher than in 2019 and net …
The number of live telematics-based policies reached almost one million – standing at 975,000 in 2017, according to the British Insurance Brokers’ Association (BIBA). The BIBA survey includes information from the leading telematics brands in the UK to determine the …
Demonstrating a growing intolerance of mobile phone use at the wheel, a survey of 1314* motor insurance policyholders in the UK found that consumers want to be rewarded with lower premiums for not using their smartphones while driving. The avoidance …
LexisNexis Risk Solutions, a division of Reed Elsevier, plans to create a joint venture with Jing You, a private supplier of data, software and services to the insurance industry in the People’s Republic of China. The joint venture will supply …
